Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0167%/8h= −18.3% APRpaid last 24h +0.051%

Price spread now: Bitget against Kraken Futures+0.466%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

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

costs, in and out, $10k−$440.441% of the position

Long on Kraken Futures Short on Bitget

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)−0.708%−$71 · spread now +0.466%, 7d avg −0.050%

Together, before fees−0.586%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.515% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.466% now, against its 7-day average of −0.050%): +$52 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 10 days. Mind the row above: over the last 7 days funding on this pair paid +0.122%, 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	143.93	0.0267	pay 0.0033% / 1h	56m 39s	$3.4M	$2.0M	50x
Short	Bitget AAVEUSDT	144.60	0.0100	get 0.0100% / 8h	5h 56m	$30.1M	$17.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.466%Rate

Funding earned: −$35.08
Price spread: +0.466% → −0.050%: $51.55
Slippage, 4 orders: −$22.14
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$27.68
Costs to cover: 0.441%
Break-even: from the start

Slippage from Kraken Futures: live order book, 2 min ago; Bitget: 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 Kraken Futures live order book, 2 min ago	4.16 bp	12.1 bp −$12	25.0 bp −$250	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.39 bp	8.1 bp −$8	8.1 bp −$81	18.8 bp −$1,878	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
Deribit AAVE_USDC-PERPETUAL	−0.1835%	1h	143.58	−0.243%	$244K	$370K	50x	as long as short
01 Exchange AAVEUSD	−0.0072%	1h	144.60	+0.466%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.42	+0.338%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.06	+0.090%	$70K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.89	−0.029%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.59	+0.459%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.842%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.77	−0.113%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.83	−0.069%	$18K	$10K	10x	as long as short
SoDEX AAVE-USD	+0.0087%	1h	143.82	−0.076%	$5K	$291K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.53	+0.417%	$17.3M	$63.7M	50x	as long as short
MEXC AAVE_USDT	+0.0092%	8h	144.59	+0.459%	$26.5M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0093%	8h	144.49	+0.390%	$65.2M	$181.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.64	+0.494%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.54	+0.422%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.81	−0.080%	$800K	$414K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.44	+0.354%	$78.2M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.08	+0.105%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.48	+0.382%	$329K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.55	+0.431%	$61.8M	$63.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.62	+0.480%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.54	+0.424%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.59	+0.459%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDTshort	+0.0100%	8h	144.60	+0.466%	$30.1M	$17.1M	75x
BingX AAVE-USDC	+0.0100%	8h	144.58	+0.452%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.99	+0.042%	$322K	$717K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.37	+0.306%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.36	+0.302%	$104K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.46	+0.367%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.45	+0.361%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.81	−0.083%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.83	−0.067%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.96	+0.018%	$697K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.82	−0.076%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.094%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.56	+0.435%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.85	−0.053%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.64	+0.496%	$200K	$228K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0257% / S −0.0406%	1h	143.88	−0.035%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0267%	1h	143.93	long leg	$3.4M	$2.0M	50x
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.09	+0.111%	$774K	$2.8M	50x	as long as short