Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0145%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h −0.013%
Price spread now: Kraken Futures against Extended+0.173%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$360.364% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.153%−$15 on $10k
Price spread, last 4 days (all we have)+0.345%+$34 · spread now +0.173%, 7d avg +0.087%
Together, before fees+0.192%+ Points / potential airdropExtended: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.086% dearer against Extended than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.087%. Mind the row above: over the last 7 days funding on this pair cost −0.153%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended AAVE-USD141.210.0104pay 0.0013% / 1h41m 23s$909K$1.8M50x
ShortKraken Futures PF_AAVEUSD141.460.0249get 0.0031% / 1h41m 23s$3.4M$2.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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

Funding earned
$30.37
Price spread: +0.173% → +0.087%
$8.61
Slippage, 4 orders
−$21.44
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$2.53
Costs to cover
0.364%
Break-even
6.4 days
Slippage from Extended: live order book, 2 min ago; Kraken Futures: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago1.77 bp5.2 bp −$518.1 bp −$181doesn't fitdoesn't fit
Sell Kraken Futures live order book, 2 min ago3.53 bp12.1 bp −$1217.1 bp −$171117.5 bp −$11.7Kdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAVE_USDC-PERPETUAL−0.0033%1h141.39+0.125%$213K$392K50xas long as short
dYdX AAVE-USD0.0000%1h141.36+0.106%$102K$6K10xas long as short
Kalshi KXAAVEPERP0.0000%8h141.44+0.160%$52K$1.4M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h141.42+0.147%$79K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−3.012%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h141.21−0.004%20xas long as short
Orderly PERP_AAVE_USDC+0.0087%8h141.37+0.110%$17K$8K10xas long as short
01 Exchange AAVEUSD+0.0096%1h141.29+0.054%$10K$2K5xas long as short
Phoenix AAVE+0.0096%1h141.54+0.231%$4K$99K10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h141.25+0.028%$13K$4K20xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado AAVE-PERP+0.0100%1h141.28+0.050%$826K$401K10xas long as short
Hyperliquid AAVE+0.0100%1h141.40+0.132%$77.2M$37.1M10xas long as short
Aster AAVEUSDT+0.0100%8h141.33+0.084%$1.2M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h141.32+0.075%$329K$391K10xas long as short
Binance AAVEUSDT+0.0100%8h141.23+0.011%$63.5M$191.8M75xas long as short
Bybit AAVEUSDT+0.0100%8h141.23+0.011%$60.9M$69.2M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h141.24+0.018%$16.6M$64.9M50xas long as short
Arcus AAVE-USD+0.0100%1h141.41+0.139%$94K$224K10xas long as short
Bulk AAVE-USD+0.0100%1h141.50+0.200%$163K$106K10xas long as short
Gate AAVE_USDT+0.0100%8h141.32+0.075%$8.1M$15.9M75xas long as short
MEXC AAVE_USDT+0.0100%8h141.27+0.040%$22.8M$24.1M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h141.28+0.047%$10.2M$9.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h141.28+0.047%$28.7M$18.0M75xas long as short
BingX AAVE-USDT+0.0100%8h141.23+0.011%$43.5Mas long as short
Variational Omni AAVE+0.0100%8h141.51+0.211%$3.7M$1.2Mas long as short
edgeX AAVEUSDC+0.0100%4h141.51+0.209%$109K$284K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h141.42+0.146%$452K$3.5M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h141.60+0.273%$132K$220K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h141.31+0.068%$134K$474K10xas long as short
SunX AAVE-USDT+0.0100%8h141.45+0.170%$2K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h141.37+0.110%$5K$299K10xas long as short
HTX AAVE-USDT+0.0100%8h141.55+0.241%$666K$5.3M75xas long as short
Phemex AAVEUSDT+0.0100%8h141.41+0.139%$3.9M$3.6M50xas long as short
Extended AAVE-USDlong+0.0104%1h141.21long leg$909K$1.8M50x
Aevo AAVE-PERP+0.0104%1h141.41+0.142%$119K$14610xas long as short
Lighter AAVE+0.0184%1h141.46+0.174%$4.5M$2.5M10xas long as short
Backpack AAVE_USDC_PERP+0.0193%1h141.44+0.160%$385K$732K10xas long as short
Coinbase International AAVE-PERP-INTX+0.0216%1h141.83+0.436%$755K$2.8M50xas long as short
BloFin AAVE-USDT+0.0220%8h141.37+0.110%$3.2M$3.5M100xas long as short
RISEx AAVE/USDC+0.0223%1h141.31+0.066%$172K$298K10xas long as short
Kraken Futures PF_AAVEUSDshort+0.0249%1h141.46+0.173%$3.4M$2.1M50x
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0360%1h141.44+0.160%$110K100xas long as short