Funding you earn now, next payment 07:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h −0.029%
Price spread now: Kraken Futures against Phemex+0.052%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.052%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.032% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.146%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.146% in total (about -7.6% 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 | Phemex AAVEUSDT | 142.29 | 0.0100 | pay 0.0100% / 8h | 1h 06m | $4.0M | $3.6M | 50x |
| Short | Kraken Futures PF_AAVEUSD | 142.36 | 0.0317 | get 0.0040% / 1h | 6m 16s | $3.4M | $2.1M | 50x |
Phemex AAVEUSDT
Kraken Futures PF_AAVEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Phemex. 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
- $45.5
- Price spread: +0.052% → +0.021%
- $3.16
- Slippage, 4 orders
- −$26.79
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$0.13
- Costs to cover
- 0.488%
- Break-even
- 7.0 days
Slippage from Phemex: live order book, 2 min ago; Kraken Futures: live order book, 3 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 Phemex live order book, 2 min ago | 1.76 bp | 10.1 bp −$10 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 2.46 bp | 10.9 bp −$11 | 13.8 bp −$138 | 124.4 bp −$12.4K | 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 | 142.43 | +0.096% | $102K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 142.43 | +0.098% | $50K | $1.4M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 142.31 | +0.014% | $215K | $398K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 142.33 | +0.030% | $80K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −3.746% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 142.29 | −0.002% | — | — | 20x | as long as short |
| Nado AAVE-PERP | +0.0069% | 1h | 142.34 | +0.039% | $829K | $396K | 10x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0080% | 8h | 142.30 | +0.007% | $18K | $7K | 10x | as long as short |
| Phoenix AAVE | +0.0089% | 1h | 142.48 | +0.134% | $4K | $108K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 142.45 | +0.115% | $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 | 142.36 | +0.048% | $13K | $4K | 20x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 142.44 | +0.104% | $1.2M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 142.42 | +0.095% | $325K | $384K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 142.34 | +0.037% | $64.0M | $188.3M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 142.32 | +0.021% | $61.5M | $67.4M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 142.27 | −0.014% | $17.0M | $64.0M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 142.48 | +0.134% | $63K | $197K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 142.35 | +0.042% | $161K | $103K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 142.36 | +0.049% | $8.0M | $16.0M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 142.35 | +0.042% | $24.4M | $24.1M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 142.40 | +0.077% | $10.2M | $9.5M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 142.33 | +0.028% | $29.1M | $17.8M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 142.36 | +0.049% | — | $43.4M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 142.30 | +0.006% | $3.7M | $1.2M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 142.14 | −0.108% | $107K | $283K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.20 | −0.063% | $451K | $3.7M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 142.13 | −0.112% | $132K | $220K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 142.42 | +0.091% | $141K | $470K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 142.38 | +0.066% | $2K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 142.27 | −0.014% | $5K | $285K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 142.49 | +0.143% | $674K | $5.3M | 75x | as long as short |
| Phemex AAVEUSDTlong | +0.0100% | 8h | 142.29 | long leg | $4.0M | $3.6M | 50x | |
| Extended AAVE-USD | +0.0104% | 1h | 142.20 | −0.063% | $905K | $1.7M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 142.28 | −0.004% | $120K | $146 | 10x | as long as short |
| 01 Exchange AAVEUSD | +0.0112% | 1h | 142.45 | +0.112% | $10K | $2K | 5x | as long as short |
| Backpack AAVE_USDC_PERP | +0.0163% | 1h | 142.60 | +0.218% | $391K | $727K | 10x | as long as short |
| Hyperliquid AAVE | +0.0166% | 1h | 142.50 | +0.148% | $77.9M | $36.9M | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 142.43 | +0.098% | $3.3M | $3.6M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0252% / S −0.0362% | 1h | 142.48 | +0.130% | $111K | — | 100x | as long as short |
| RISEx AAVE/USDC | +0.0256% | 1h | 142.45 | +0.110% | $189K | $270K | 10x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 142.29 | 0.000% | $755K | $2.8M | 50x | as long as short |
| Kraken Futures PF_AAVEUSDshort | +0.0317% | 1h | 142.36 | +0.052% | $3.4M | $2.1M | 50x |
Paradex AAVE-USD-PERP
Aster AAVEUSDT
Pacifica AAVE
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-USDT
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
Extended AAVE-USD
Aevo AAVE-PERP
01 Exchange AAVEUSD
Backpack AAVE_USDC_PERP
Hyperliquid AAVE
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
RISEx AAVE/USDC
Coinbase International AAVE-PERP-INTX