AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0171%/8h= −18.7% APRnext payment −$0.21 per $10,000 · paid last 24h +0.022%

Price spread now: Arcus against Kraken Futures+0.110%7-day average −0.015% · 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−$30as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on Kraken Futures Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.150%+$15 on $10k

Price spread, last 4 days (all we have)−0.288%−$29 · spread now +0.110%, 7d avg −0.015%

Together, before fees−0.138%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.126% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of −0.015%): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 4 days funding on this pair paid +0.150%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	141.45	0.0271	pay 0.0034% / 1h	37m 45s	$3.4M	$2.1M	50x
Short	Arcus AAVE-USD	141.61	0.0100	get 0.0013% / 1h	37m 45s	$63K	$193K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Kraken Futures. 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 Kraken FuturesbpFee ArcusbpOrdersPrice spread, now +0.110%Rate

Funding earned: −$35.86
Price spread: +0.110% → −0.015%: $12.55
Slippage, 4 orders: −$28.04
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$65.85
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 6 min ago; Arcus: live order book, just now.

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 Kraken Futures live order book, 6 min ago	3.87 bp	14.8 bp −$15	25.7 bp −$257	doesn't fit	doesn't fit
Sell Arcus live order book, just now	2.12 bp	8.0 bp −$8	24.0 bp −$240	doesn't fit	doesn't fit

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
dYdX AAVE-USD	0.0000%	1h	141.69	+0.168%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.55	+0.068%	$48K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.43	−0.017%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.46	+0.004%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.177%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.44	−0.007%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	141.39	−0.045%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.57	+0.080%	$4.5M	$2.4M	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	141.53	+0.054%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.56	+0.078%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	141.45	−0.005%	$825K	$394K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.37	−0.059%	$77.4M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.31	−0.104%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.61	+0.113%	$323K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.30	−0.112%	$63.3M	$189.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.20	−0.180%	$60.9M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.21	−0.173%	$16.9M	$63.8M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	141.61	+0.110%	$63K	$193K	10x
Bulk AAVE-USD	+0.0100%	1h	141.52	+0.046%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.35	−0.074%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.33	−0.088%	$23.4M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.43	−0.017%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.19	−0.187%	$28.9M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.26	−0.137%	—	$43.4M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.88	+0.299%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.94	+0.341%	$108K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.99	+0.379%	$445K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.93	+0.336%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.56	+0.075%	$140K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.42	−0.024%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.39	−0.045%	$5K	$286K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.73	+0.196%	$670K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.42	−0.024%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.32	−0.093%	$915K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.40	−0.037%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	142.06	+0.428%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.55	+0.068%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.57	+0.081%	$186K	$277K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.43	−0.018%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.75	+0.209%	$752K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0271%	1h	141.45	long leg	$3.4M	$2.1M	50x
Backpack AAVE_USDC_PERP	+0.0310%	1h	141.47	+0.011%	$386K	$728K	10x	as long as short