AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0196%/8h= +21.4% APRnext payment +$0.24 per $10,000 · paid last 24h −0.001%

Price spread now: Kraken Futures against RISEx+0.005%7-day average +0.027% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$390.389% of the position

Long on RISEx Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.112%−$11 on $10k

Price spread, last 4 days (all we have)+0.313%+$31 · spread now +0.005%, 7d avg +0.027%

Together, before fees+0.200%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.022% cheaper against RISEx than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.027%). If the spread goes back, that is −$2 on $10k: about 9 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 4 days funding on this pair cost −0.112%, 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	RISEx AAVE/USDC	140.97	0.0112	pay 0.0014% / 1h	28m 46s	$171K	$213K	10x
Short	Kraken Futures PF_AAVEUSD	140.97	0.0308	get 0.0038% / 1h	28m 46s	$3.4M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against RISEx. 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 RISExbpFee Kraken FuturesbpOrdersPrice spread, now +0.005%Rate

Funding earned: $41.06
Price spread: +0.005% → +0.027%: −$2.2
Slippage, 4 orders: −$22.95
Fee RISEx: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$0.08
Costs to cover: 0.389%
Break-even: 7.0 days

Slippage from RISEx: live order book, 17 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 RISEx live order book, 17 min ago	1.27 bp	4.3 bp −$4	8.7 bp −$87	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	5.33 bp	13.0 bp −$13	17.7 bp −$177	178.9 bp −$17.9K	doesn't fit

AAVE on 42 exchanges

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
SoDEX AAVE-USD	−0.0101%	1h	140.85	−0.083%	$7K	$224K	10x	as long as short
01 Exchange AAVEUSD	−0.0072%	1h	140.86	−0.076%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.70	−0.190%	$101K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.80	−0.118%	$51K	$1.3M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.90	−0.047%	$207K	$304K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.72	−0.178%	$78K	—	150x	as long as short
Bybit AAVEUSDT	+0.0011%	8h	140.87	−0.068%	$60.7M	$58.9M	75x	as long as short
Phoenix AAVE	+0.0028%	1h	140.75	−0.154%	$4K	$81K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.842%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.61	−0.256%	—	—	20x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAVEUSDT	+0.0081%	8h	140.84	−0.090%	$3.9M	$3.6M	50x	as long as short
Variational Omni AAVE	+0.0082%	8h	140.61	−0.252%	$3.6M	$761K	—	as long as short
Orderly PERP_AAVE_USDC	+0.0084%	8h	140.83	−0.097%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.04	+0.054%	$4.5M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.88	−0.058%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.70	−0.191%	$809K	$305K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.01	+0.031%	$77.5M	$28.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.93	−0.028%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.89	−0.054%	$343K	$307K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.88	−0.061%	$63.4M	$160.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.86	−0.076%	$16.3M	$51.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.04	+0.052%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.92	−0.033%	$8.1M	$13.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.87	−0.068%	$22.4M	$22.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.86	−0.076%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.89	−0.054%	$29.0M	$15.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.89	−0.054%	—	$43.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	140.95	−0.012%	$385K	$595K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.62	−0.248%	$108K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.28	+0.222%	$447K	$3.1M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.68	−0.203%	$131K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.87	−0.068%	$133K	$365K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.84	−0.086%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.06	+0.063%	$638K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.19	+0.159%	$163K	$108K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.82	−0.107%	$909K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.87	−0.072%	$119K	$146	10x	as long as short
RISEx AAVE/USDClong	+0.0112%	1h	140.97	long leg	$171K	$213K	10x
BloFin AAVE-USDT	+0.0220%	8h	140.80	−0.118%	$3.3M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	140.86	−0.076%	$747K	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0365%	1h	140.90	−0.047%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0308%	1h	140.97	+0.005%	$3.4M	$1.8M	50x