AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0169%/8h= −18.6% APRnext payment −$0.21 per $10,000 · paid last 24h +0.022%

Price spread now: Polymarket Perps against Kraken Futures−0.029%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now −0.029%, 7d avg +0.005%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.034% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.005%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.148%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	142.15	0.0269	pay 0.0034% / 1h	42m 03s	$3.4M	$2.1M	50x
Short	Polymarket Perps AAVE-USD	142.11	0.0100	get 0.0013% / 1h	42m 03s	$141K	$470K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$35.58
Price spread: −0.029% → +0.005%: −$3.4
Slippage, 4 orders: −$23.35
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$80.33
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Polymarket Perps: live order book, 60 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, 2 min ago	3.87 bp	14.8 bp −$15	25.7 bp −$257	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 60 min ago	3.51 bp	7.9 bp −$8	8.7 bp −$87	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
dYdX AAVE-USD	0.0000%	1h	142.00	−0.108%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.95	−0.141%	$48K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.09	−0.043%	$214K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.07	−0.054%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.652%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.99	−0.113%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	142.06	−0.064%	$18K	$7K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.26	+0.077%	$4.5M	$2.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.96	−0.136%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.95	−0.143%	$827K	$394K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	142.26	+0.075%	$77.9M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.13	−0.015%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.98	−0.117%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.08	−0.051%	$63.6M	$189.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.05	−0.071%	$61.3M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.05	−0.071%	$17.0M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.06	−0.064%	$63K	$193K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.93	−0.156%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.08	−0.050%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.06	−0.064%	$23.7M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.10	−0.036%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.07	−0.057%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.05	−0.071%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.17	+0.012%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.26	+0.080%	$108K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.08	−0.049%	$452K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.02	−0.092%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	142.11	−0.029%	$141K	$470K	10x
SunX AAVE-USDT	+0.0100%	8h	142.04	−0.077%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.07	−0.057%	$5K	$286K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.14	−0.009%	$671K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.03	−0.085%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.01	−0.096%	$915K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.02	−0.092%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.10	−0.033%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	142.18	+0.021%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.77	−0.268%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	142.12	−0.024%	$188K	$276K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.07	−0.055%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	142.03	−0.085%	$754K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0269%	1h	142.15	long leg	$3.4M	$2.1M	50x
Backpack AAVE_USDC_PERP	+0.0328%	1h	142.23	+0.056%	$388K	$728K	10x	as long as short