AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.089%

Price spread now: Hyperliquid against Kraken Futures+0.056%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 3 days (all we have)−0.282%−$28 · spread now +0.056%, 7d avg +0.065%

Together, before fees−0.107%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.065%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	146.36	0.0002	pay 0.0000% / 1h	33m 18s	$3.5M	$2.1M	50x
Short	Hyperliquid AAVE	146.44	0.0100	get 0.0013% / 1h	33m 18s	$80.8M	$34.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee HyperliquidbpOrdersPrice spread, now +0.056%Rate

Funding earned: $20.52
Price spread: +0.056% → +0.065%: −$0.87
Slippage, 4 orders: −$19.71
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$19.06
Costs to cover: 0.387%
Break-even: 13.5 days

Slippage from Kraken Futures: live order book, 6 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 6 min ago	3.43 bp	11.1 bp −$11	18.7 bp −$187	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.68 bp	6.3 bp −$6	11.2 bp −$112	doesn't fit	doesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	−0.0066%	1h	146.27	−0.060%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.03	−0.224%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.14	−0.152%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	146.28	−0.053%	$11K	$2K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.16	−0.135%	$84K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.32	−0.026%	$256K	$394K	50x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0002%	1h	146.36	long leg	$3.5M	$2.1M	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.32	−0.029%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.421%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0039%	8h	146.27	−0.060%	$66.6M	$185.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0040%	8h	146.26	−0.067%	$30.5M	$25.8M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.25	−0.075%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.25	−0.074%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.29	−0.046%	$18.0M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0078%	8h	146.23	−0.087%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.33	−0.016%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.49	+0.092%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.19	−0.117%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.13	−0.159%	$804K	$442K	10x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	146.44	+0.056%	$80.8M	$34.6M	10x
Aster AAVEUSDT	+0.0100%	8h	146.25	−0.074%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.19	−0.115%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.27	−0.060%	$62.4M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.26	−0.067%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	−0.327%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.27	−0.060%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.21	−0.101%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.19	−0.115%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.22	−0.094%	$347K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.13	−0.157%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.68	−0.462%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.69	−0.456%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.11	−0.169%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.31	−0.033%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.25	−0.072%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.27	−0.061%	$699K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.28	−0.053%	$4.2M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.25	−0.074%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.29	−0.049%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0157%	8h	146.26	−0.067%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.32	−0.026%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.38	+0.015%	$789K	$3.0M	50x	as long as short