Funding you earn now, next payment 04:00 UTC−0.0223%/8h= −24.5% APRnext payment −$0.28 per $10,000 · paid last 24h +0.050%
Price spread now: Pacifica against Kraken Futures−0.074%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.074%, 7d avg −0.021%
=Together, before fees+0.032%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Pacifica is 0.053% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.021%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.139%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 per $10,000. 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 | 143.11 | 0.0323 | pay 0.0040% / 1h | 3m 05s | $3.4M | $2.1M | 50x |
| Short | Pacifica AAVE | 143.00 | 0.0100 | get 0.0013% / 1h | 3m 05s | $327K | $447K | 10x |
Kraken Futures PF_AAVEUSD
Pacifica AAVEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$46.9
- Price spread: −0.074% → −0.021%
- −$5.33
- Slippage, 4 orders
- −$25.1
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$95.33
- Costs to cover
- 0.431%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Pacifica: live order book, 55 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 | 3.84 bp | 12.6 bp −$13 | 20.3 bp −$203 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 55 min ago | 3.86 bp | 8.0 bp −$8 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange AAVEUSD | −0.0136% | 1h | 143.05 | −0.042% | $10K | $2K | 5x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 142.90 | −0.148% | $102K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 142.95 | −0.112% | $56K | $1.5M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 143.04 | −0.049% | $220K | $401K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 143.07 | −0.028% | $80K | — | 150x | as long as short |
| Nado AAVE-PERP | +0.0011% | 1h | 142.97 | −0.098% | $841K | $449K | 10x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −4.297% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 143.05 | −0.040% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0050% | 8h | 143.02 | −0.063% | $18K | $10K | 10x | as long as short |
| Phoenix AAVE | +0.0056% | 1h | 142.73 | −0.265% | $4K | $102K | 10x | as long as short |
01 Exchange AAVEUSD
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Nado AAVE-PERP
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Phoenix AAVEShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX AAVE-USD | +0.0080% | 1h | 143.01 | −0.070% | $5K | $302K | 10x | as long as short |
| Phemex AAVEUSDT | +0.0084% | 8h | 143.03 | −0.056% | $4.0M | $3.7M | 50x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 143.13 | +0.013% | $4.5M | $2.0M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 143.02 | −0.064% | $13K | $4K | 20x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 143.19 | +0.056% | $78.0M | $36.2M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 143.08 | −0.021% | $1.2M | $1.3M | 50x | as long as short |
| Pacifica AAVEshort | +0.0100% | 1h | 143.00 | −0.074% | $327K | $447K | 10x | |
| Binance AAVEUSDT | +0.0100% | 8h | 143.02 | −0.062% | $63.8M | $186.9M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 143.03 | −0.056% | $61.4M | $67.4M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 143.03 | −0.056% | $17.1M | $64.3M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 143.12 | +0.007% | $64K | $204K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 142.53 | −0.405% | $58K | $2K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 143.01 | −0.070% | $8.1M | $16.0M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 143.03 | −0.056% | $25.0M | $23.9M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 143.03 | −0.056% | $10.5M | $9.3M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 142.99 | −0.084% | $29.1M | $18.3M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 143.00 | −0.077% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 143.14 | +0.021% | $336K | $721K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 142.73 | −0.265% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 142.62 | −0.342% | $103K | $279K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.87 | −0.165% | $460K | $3.7M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 142.69 | −0.293% | $133K | $220K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 143.10 | −0.007% | $125K | $386K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 142.96 | −0.106% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 143.20 | +0.063% | $688K | $5.2M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 143.00 | −0.077% | $897K | $1.7M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 143.05 | −0.042% | $121K | $146 | 10x | as long as short |
| RISEx AAVE/USDC | +0.0136% | 1h | 143.09 | −0.017% | $178K | $245K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 143.00 | −0.077% | $3.3M | $3.6M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0252% / S −0.0362% | 1h | 143.06 | −0.032% | $112K | — | 100x | as long as short |
| Kraken Futures PF_AAVEUSDlong | +0.0323% | 1h | 143.11 | long leg | $3.4M | $2.1M | 50x | |
| Coinbase International AAVE-PERP-INTX | +0.0336% | 1h | 142.92 | −0.133% | $793K | $2.8M | 50x | as long as short |
SoDEX AAVE-USD
Phemex AAVEUSDT
Lighter AAVE
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Binance AAVEUSDT
Bybit AAVEUSDT
OKX AAVE-USDT-SWAP
Arcus AAVE-USD
Bulk 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
HTX AAVE-USDT
Extended AAVE-USD
Aevo AAVE-PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX