AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0134%/8h= −14.7% APRnext payment −$0.17 per $10,000 · paid last 24h −0.089%

Price spread now: Kraken Futures against Hyperliquid+0.118%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on Hyperliquid Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.176%−$18 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.118%, 7d avg −0.062%

Together, before fees−0.163%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.180% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of −0.062%): +$18 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AAVE	144.76	0.0100	pay 0.0013% / 1h	21m 47s	$78.4M	$35.6M	10x
Short	Kraken Futures PF_AAVEUSD	144.93	−0.0034	pay 0.0004% / 1h	21m 47s	$3.5M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$28.16
Price spread: +0.118% → −0.062%: $17.99
Slippage, 4 orders: −$24.46
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$53.64
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 12 min ago	1.04 bp	6.6 bp −$7	11.4 bp −$114	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	5.52 bp	14.0 bp −$14	22.5 bp −$225	117.3 bp −$11.7K	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	−0.0048%	1h	144.94	+0.124%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSDshort	−0.0034%	1h	144.93	+0.118%	$3.5M	$2.0M	50x
dYdX AAVE-USD	0.0000%	1h	144.68	−0.058%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.83	+0.048%	$71K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.86	+0.069%	$246K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.91	+0.106%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.65	−0.076%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.388%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.93	+0.118%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.91	+0.104%	$18K	$10K	10x	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	+0.0061%	8h	144.65	−0.076%	$26.9M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0064%	8h	144.62	−0.097%	$65.3M	$184.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0077%	8h	144.59	−0.117%	$17.4M	$65.3M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	145.00	+0.169%	$201K	$230K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.84	+0.053%	$4.7M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.92	+0.107%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.65	−0.078%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.96	+0.138%	$806K	$425K	10x	as long as short
Hyperliquid AAVElong	+0.0100%	1h	144.76	long leg	$78.4M	$35.6M	10x
Aster AAVEUSDT	+0.0100%	8h	144.70	−0.041%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.65	−0.076%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.59	−0.117%	$61.8M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.99	+0.159%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	−0.219%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.67	−0.062%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.67	−0.062%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.72	−0.028%	$30.1M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.65	−0.076%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.91	+0.104%	$323K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.74	−0.013%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.51	−0.171%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.84	+0.058%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.79	+0.021%	$135K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.01	+0.173%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.00	+0.162%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.84	+0.055%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.08	+0.224%	$703K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.83	+0.048%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.57	−0.130%	$922K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0242% / S −0.0372%	1h	144.92	+0.111%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.56	−0.138%	$775K	$2.8M	50x	as long as short