AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.069%

Price spread now: Kraken Futures against Pacifica+0.120%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 3 days (all we have)+0.061%+$6 · spread now +0.120%, 7d avg +0.017%

Together, before fees−0.082%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.103% dearer against Pacifica than usual: you sell high and buy low (spread +0.120% now, against its 7-day average of +0.017%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	143.14	0.0100	pay 0.0013% / 1h	2m 50s	$326K	$505K	10x
Short	Kraken Futures PF_AAVEUSD	143.31	0.0012	get 0.0002% / 1h	2m 50s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Pacifica. 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 PacificabpFee Kraken FuturesbpOrdersPrice spread, now +0.120%Rate

Funding earned: −$18.39
Price spread: +0.120% → +0.017%: $10.33
Slippage, 4 orders: −$29.14
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$55.2
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from Pacifica: live order book, 21 min ago; Kraken Futures: live order book, 1 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 Pacifica live order book, 21 min ago	3.46 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	3.14 bp	14.8 bp −$15	24.3 bp −$243	170.6 bp −$17.1K	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	−0.0448%	1h	143.23	+0.066%	$252K	$489K	50x	as long as short
SoDEX AAVE-USD	−0.0151%	1h	143.19	+0.038%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0104%	1h	143.10	−0.025%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	143.24	+0.073%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.32	+0.130%	$102K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.24	+0.073%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.27	+0.096%	$69K	—	150x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0012%	1h	143.31	+0.120%	$3.4M	$2.1M	50x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.315%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.17	+0.023%	—	—	20x	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	+0.0045%	8h	143.31	+0.122%	$30.7M	$26.5M	200x	as long as short
Binance AAVEUSDT	+0.0046%	8h	143.27	+0.094%	$65.1M	$185.3M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	143.20	+0.045%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	143.33	+0.136%	$17.3M	$65.8M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0058%	1h	143.62	+0.338%	$134K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0060%	8h	143.26	+0.087%	$7.7M	$16.0M	75x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	+0.586%	$60K	$3K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	143.60	+0.325%	$449K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.40	+0.182%	$4.6M	$1.7M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.22	+0.061%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	143.22	+0.056%	$178K	$247K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.18	+0.033%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.09	−0.029%	$792K	$438K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.40	+0.184%	$78.7M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.33	+0.135%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	143.14	long leg	$326K	$505K	10x
Bybit AAVEUSDT	+0.0100%	8h	143.30	+0.115%	$60.8M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.19	+0.038%	$50K	$274K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.28	+0.101%	$9.9M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.31	+0.122%	$29.8M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.29	+0.108%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.33	+0.136%	$379K	$710K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.38	+0.169%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.50	+0.251%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.24	+0.073%	$125K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.18	+0.027%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.22	+0.060%	$712K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.28	+0.101%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.25	+0.081%	$919K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0166%	8h	143.17	+0.024%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	143.44	+0.212%	$769K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.28	+0.101%	$123K	—	100x	as long as short