Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0166%/8h= +18.2% APRpaid last 24h −0.051%

Price spread now: Kraken Futures against Bitget+0.124%7-day average +0.050% · 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−$44as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now +0.124%, 7d avg +0.050%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.074% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.050%. Mind the row above: over the last 7 days funding on this pair cost −0.122%, 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	Bitget AAVEUSDT	144.32	0.0100	pay 0.0100% / 8h	5h 58m	$30.0M	$17.1M	75x
Short	Kraken Futures PF_AAVEUSD	144.50	0.0266	get 0.0033% / 1h	58m 33s	$3.5M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.124%Rate

Funding earned: $34.86
Price spread: +0.124% → +0.050%: $7.43
Slippage, 4 orders: −$29
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$8.71
Costs to cover: 0.510%
Break-even: 8.7 days

Slippage from Bitget: live order book, 5 min ago; Kraken Futures: live order book, 5 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 Bitget live order book, 5 min ago	0.35 bp	11.8 bp −$12	16.2 bp −$162	62.4 bp −$6,242	doesn't fit
Sell Kraken Futures live order book, 5 min ago	4.84 bp	12.1 bp −$12	21.9 bp −$219	121.4 bp −$12.1K	doesn't fit

AAVE on 41 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	−0.0056%	1h	144.28	−0.028%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.50	+0.122%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.44	+0.083%	$72K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.38	+0.042%	$245K	$370K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.40	+0.055%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.51	+0.132%	$5K	$89K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.100%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.35	+0.018%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.36	+0.028%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.18	−0.097%	$17.3M	$63.7M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0091%	8h	144.38	+0.042%	$26.5M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0091%	8h	144.32	0.000%	$65.1M	$181.6M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.55	+0.161%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.42	+0.069%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.47	+0.104%	$804K	$414K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.58	+0.180%	$78.2M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.45	+0.090%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.43	+0.078%	$329K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.29	−0.021%	$61.7M	$63.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.31	−0.007%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.34	+0.014%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.38	+0.042%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	144.32	long leg	$30.0M	$17.1M	75x
BingX AAVE-USDC	+0.0100%	8h	144.29	−0.021%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.51	+0.132%	$323K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.37	+0.034%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.36	+0.031%	$104K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.47	+0.106%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.44	+0.083%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.43	+0.076%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.43	+0.078%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.38	+0.042%	$5K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.54	+0.151%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.39	+0.049%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.177%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.23	−0.062%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.42	+0.070%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.33	+0.009%	$200K	$229K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0256% / S −0.0403%	1h	144.39	+0.045%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0266%	1h	144.50	+0.124%	$3.5M	$2.0M	50x
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.62	+0.208%	$777K	$2.8M	50x	as long as short