Funding you earn now, next payment 07:00 UTC−0.0217%/8h= −23.7% APRpaid last 24h −0.001%
Price spread now: OKX against Kraken Futures−0.111%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$430.428% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now −0.111%, 7d avg −0.050%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.060% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.050%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_AAVEUSD | 142.29 | 0.0317 | pay 0.0040% / 1h | 33m 11s | $3.4M | $2.1M | 50x |
| Short | OKX AAVE-USDT-SWAP | 142.13 | 0.0100 | get 0.0100% / 8h | 1h 33m | $17.0M | $65.4M | 50x |
Kraken Futures PF_AAVEUSD
OKX AAVE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$45.54
- Price spread: −0.111% → −0.050%
- −$6.04
- Slippage, 4 orders
- −$22.78
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$94.36
- Costs to cover
- 0.428%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; OKX: live order book, 6 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, 1 min ago | 4.22 bp | 14.5 bp −$14 | 24.1 bp −$241 | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 0.35 bp | 7.4 bp −$7 | 12.5 bp −$125 | 60.1 bp −$6,008 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX AAVE-USD | 0.0000% | 1h | 142.14 | −0.103% | $102K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 142.21 | −0.055% | $51K | $1.5M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 142.19 | −0.069% | $216K | $396K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 142.16 | −0.090% | $79K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −3.744% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 142.14 | −0.105% | — | — | 20x | as long as short |
| Nado AAVE-PERP | +0.0064% | 1h | 142.17 | −0.083% | $822K | $400K | 10x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0078% | 8h | 142.17 | −0.083% | $18K | $10K | 10x | as long as short |
| Phoenix AAVE | +0.0089% | 1h | 142.10 | −0.132% | $4K | $108K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 142.34 | +0.039% | $4.5M | $2.5M | 10x | as long as short |
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Nado AAVE-PERP
Orderly PERP_AAVE_USDC
Phoenix AAVE
Lighter AAVEShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 142.21 | −0.056% | $13K | $4K | 20x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 142.24 | −0.035% | $1.2M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 142.17 | −0.083% | $325K | $450K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 142.20 | −0.058% | $64.0M | $192.0M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 142.16 | −0.090% | $61.2M | $68.4M | 75x | as long as short |
| OKX AAVE-USDT-SWAPshort | +0.0100% | 8h | 142.13 | −0.111% | $17.0M | $65.4M | 50x | |
| Arcus AAVE-USD | +0.0100% | 1h | 142.33 | +0.030% | $63K | $197K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 142.17 | −0.083% | $8.0M | $15.9M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 142.16 | −0.090% | $24.6M | $24.0M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 142.22 | −0.048% | $10.2M | $9.5M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 142.20 | −0.062% | $29.1M | $18.4M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 142.14 | −0.104% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 142.28 | −0.005% | $374K | $742K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 142.03 | −0.181% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 142.20 | −0.064% | $107K | $283K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.27 | −0.011% | $447K | $3.9M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 142.28 | −0.005% | $132K | $222K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 142.27 | −0.012% | $141K | $472K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 142.18 | −0.077% | $1K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 142.17 | −0.083% | $5K | $312K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 142.32 | +0.020% | $674K | $5.3M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 142.23 | −0.041% | $4.0M | $3.6M | 50x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 142.36 | +0.048% | $57K | −$0 | 10x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 142.12 | −0.121% | $905K | $1.7M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 142.22 | −0.046% | $120K | $146 | 10x | as long as short |
| 01 Exchange AAVEUSD | +0.0120% | 1h | 142.30 | +0.009% | $10K | $2K | 5x | as long as short |
| Hyperliquid AAVE | +0.0159% | 1h | 142.31 | +0.016% | $77.8M | $37.1M | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 142.22 | −0.048% | $3.3M | $3.6M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0252% / S −0.0362% | 1h | 141.98 | −0.215% | $111K | — | 100x | as long as short |
| RISEx AAVE/USDC | +0.0256% | 1h | 142.31 | +0.016% | $193K | $264K | 10x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 142.00 | −0.202% | $753K | $2.8M | 50x | as long as short |
| Kraken Futures PF_AAVEUSDlong | +0.0317% | 1h | 142.29 | long leg | $3.4M | $2.1M | 50x |
Paradex AAVE-USD-PERP
Aster AAVEUSDT
Pacifica AAVE
Binance AAVEUSDT
Bybit AAVEUSDT
Arcus AAVE-USD
Gate AAVE_USDT
MEXC AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
SoDEX AAVE-USD
HTX AAVE-USDT
Phemex AAVEUSDT
Bulk AAVE-USD
Extended AAVE-USD
Aevo AAVE-PERP
01 Exchange AAVEUSD
Hyperliquid AAVE
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
RISEx AAVE/USDC
Coinbase International AAVE-PERP-INTX