AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.02 per $10,000 · paid last 24h +0.008%

Price spread now: SoDEX against Kraken Futures−0.077%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on Kraken Futures Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.066%+$7 on $10k

Price spread, last 3 days (all we have)−0.096%−$10 · spread now −0.077%, 7d avg −0.044%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SoDEX is 0.033% 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 −0.044%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.066%, 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	146.00	0.0002	pay 0.0000% / 1h	42m 42s	$3.5M	$2.1M	50x
Short	SoDEX AAVE-USD	145.89	−0.0017	pay 0.0002% / 1h	42m 42s	$5K	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$4.13
Price spread: −0.077% → −0.044%: −$3.32
Slippage, 4 orders: −$18.05
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$43.5
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; SoDEX: live order book, 36 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	4.11 bp	12.6 bp −$13	18.8 bp −$188	doesn't fit	doesn't fit
Sell SoDEX live order book, 36 min ago	0.34 bp	5.0 bp −$5	9.5 bp −$95	95.3 bp −$9,534	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
Deribit AAVE_USDC-PERPETUAL	−0.0092%	1h	145.96	−0.030%	$255K	$406K	50x	as long as short
Phoenix AAVE	−0.0027%	1h	146.19	+0.128%	$5K	$99K	10x	as long as short
SoDEX AAVE-USDshort	−0.0017%	1h	145.89	−0.077%	$5K	$298K	10x
dYdX AAVE-USD	0.0000%	1h	146.08	+0.053%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.15	+0.101%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0002%	1h	146.00	long leg	$3.5M	$2.1M	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.04	+0.029%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0024%	1h	145.82	−0.125%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.194%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0044%	8h	145.90	−0.070%	$66.4M	$185.7M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.95	−0.039%	—	—	20x	as long as short
MEXC AAVE_USDT	+0.0045%	8h	145.82	−0.125%	$30.6M	$25.7M	200x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	145.93	−0.050%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	145.80	−0.139%	$17.8M	$67.4M	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	145.84	−0.112%	$7.9M	$15.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	146.05	+0.031%	$4.7M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	145.99	−0.010%	$123K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.81	−0.132%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.99	−0.009%	$807K	$439K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.98	−0.017%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.94	−0.040%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.85	−0.105%	$62.2M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.83	−0.119%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.335%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.95	−0.036%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.81	−0.132%	$30.5M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.84	−0.112%	—	$43.9M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.22	+0.146%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.06	+0.042%	$105K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	+0.021%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.08	+0.053%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.06	+0.039%	$127K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.96	−0.027%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.09	+0.061%	$699K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.95	−0.036%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.78	−0.153%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.88	−0.086%	$186K	$246K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0130%	1h	146.04	+0.025%	$359K	$737K	10x	as long as short
Hyperliquid AAVE	+0.0142%	1h	146.10	+0.066%	$80.6M	$34.6M	10x	as long as short
BloFin AAVE-USDT	+0.0165%	8h	145.97	−0.023%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.03	+0.021%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.23	+0.155%	$789K	$3.0M	50x	as long as short