AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0179%/8h= +19.6% APRnext payment +$0.22 per $10,000 · paid last 24h −0.035%

Price spread now: Kraken Futures against Phoenix+0.027%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.027% dearer against Phoenix than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AAVE	143.48	0.0089	pay 0.0011% / 1h	40m 58s	$5K	$98K	10x
Short	Kraken Futures PF_AAVEUSD	143.52	0.0268	get 0.0033% / 1h	40m 58s	$3.5M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Phoenix. 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 PhoenixbpFee Kraken FuturesbpOrdersPrice spread, now +0.027%Rate

Funding earned: $37.64
Price spread: +0.027% → 0.000%: $2.68
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $23.32
Costs to cover: 0.170%
Break-even: 2.7 days

Slippage unknown: Phoenix: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.

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 Phoenix no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 3 min ago	3.48 bp	9.1 bp −$9	16.9 bp −$169	191.8 bp −$19.2K	doesn't fit

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0064%	1h	143.48	0.000%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0029%	1h	143.40	−0.056%	$238K	$377K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.47	−0.007%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.47	−0.007%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.53	+0.036%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.544%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.42	−0.042%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.48	+0.003%	—	—	20x	as long as short
Phoenix AAVElong	+0.0089%	1h	143.48	long leg	$5K	$98K	10x
Lighter AAVE	+0.0096%	1h	143.63	+0.102%	$4.6M	$1.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0098%	8h	143.50	+0.014%	$17.2M	$63.4M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.46	−0.011%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.50	+0.010%	$832K	$431K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.55	+0.049%	$77.6M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.51	+0.023%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.45	−0.020%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.50	+0.014%	$64.3M	$183.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.50	+0.014%	$61.4M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.55	+0.049%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	+0.053%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.45	−0.021%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.45	−0.021%	$26.0M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.48	0.000%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.49	+0.007%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.44	−0.028%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.50	+0.014%	$320K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.49	+0.005%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.73	+0.175%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	+0.209%	$456K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.78	+0.209%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.55	+0.049%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.42	−0.041%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.43	−0.035%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.66	+0.122%	$694K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.50	+0.014%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.36	−0.086%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.48	−0.003%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.56	+0.053%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.38	−0.070%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.54	+0.039%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0268%	1h	143.52	+0.027%	$3.5M	$2.0M	50x
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.58	+0.070%	$777K	$2.8M	50x	as long as short