Funding you earn now, next payment 01:00 UTC+0.0217%/8h= +23.8% APRnext payment +$0.27 per $10,000 · paid last 24h +0.043%
Price spread now: Injective against Kraken Futures−6.675%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 6.675% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −6.675% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$668 on $10k: about 3 months of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.020% in total) that is about years. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_AAVEUSD | 146.76 | −0.0184 | get 0.0023% / 1h | 25m 36s | $3.5M | $2.0M | 50x |
| Short | Injective AAVE/USDC PERP | 136.96 | 0.0033 | get 0.0004% / 1h | 25m 36s | $422 | $51K | 12x |
Kraken Futures PF_AAVEUSD
Injective AAVE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $45.55
- Price spread: −6.675% → 0.000%
- −$667.55
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$632.01
- Costs to cover
- 0.100%
- Break-even
- 104.1 days
Slippage unknown: Kraken Futures: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.
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, 3 min ago | 2.39 bp | 11.6 bp −$12 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AAVEUSDlong | −0.0184% | 1h | 146.76 | long leg | $3.5M | $2.0M | 50x | |
| Phemex AAVEUSDT | −0.0170% | 8h | 146.57 | −0.127% | $4.2M | $3.8M | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0152% | 1h | 146.56 | −0.134% | $11K | $2K | 5x | as long as short |
| SoDEX AAVE-USD | −0.0092% | 1h | 146.65 | −0.073% | $5K | $305K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 146.61 | −0.098% | $105K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 146.52 | −0.161% | $79K | $1.5M | 3.4x | as long as short |
| Phoenix AAVE | 0.0000% | 1h | 146.31 | −0.304% | $5K | $102K | 10x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 146.66 | −0.066% | $256K | $369K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 146.66 | −0.066% | $71K | — | 150x | as long as short |
| MEXC AAVE_USDT | +0.0020% | 8h | 146.59 | −0.114% | $29.2M | $25.8M | 200x | as long as short |
Phemex AAVEUSDT
01 Exchange AAVEUSD
SoDEX AAVE-USD
dYdX AAVE-USD
Kalshi KXAAVEPERP
Phoenix AAVE
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AAVEUSDT | +0.0021% | 8h | 146.60 | −0.107% | $66.4M | $183.8M | 75x | as long as short |
| Injective AAVE/USDC PERPshort | +0.0033% | 1h | 136.96 | −6.675% | $422 | $51K | 12x | |
| Gate AAVE_USDT | +0.0040% | 8h | 146.62 | −0.093% | $7.9M | $15.2M | 75x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 146.54 | −0.149% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0046% | 8h | 146.61 | −0.100% | $18K | $10K | 10x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0063% | 8h | 146.61 | −0.100% | $18.0M | $66.6M | 50x | as long as short |
| ApeX Omni AAVEUSDT | +0.0071% | 1h | 146.16 | −0.407% | $136K | $231K | 50x | as long as short |
| BloFin AAVE-USDT | +0.0080% | 8h | 146.32 | −0.298% | $3.5M | $3.5M | 100x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0087% | 8h | 146.23 | −0.362% | $460K | $3.8M | 10x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 146.64 | −0.077% | $124K | $146 | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.81 | +0.034% | $4.7M | $1.5M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 146.60 | −0.110% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 146.41 | −0.233% | $801K | $423K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 146.70 | −0.039% | $80.0M | $35.3M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 146.64 | −0.077% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 146.62 | −0.094% | $335K | $502K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 146.60 | −0.107% | $62.8M | $65.0M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 146.62 | −0.093% | $46K | $278K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 146.36 | −0.273% | $61K | −$0 | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 146.62 | −0.093% | $10.2M | $8.8M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 146.56 | −0.134% | $30.4M | $17.9M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 146.60 | −0.107% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 146.73 | −0.018% | $335K | $737K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 146.55 | −0.140% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 146.16 | −0.407% | $105K | $316K | 20x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 146.62 | −0.093% | $127K | $415K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 146.62 | −0.091% | $2K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 147.00 | +0.162% | $715K | $5.2M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 146.55 | −0.139% | $937K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0107% | 1h | 146.66 | −0.066% | $186K | $246K | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0233% / S −0.0363% | 1h | 146.65 | −0.074% | $128K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 146.74 | −0.011% | $787K | $2.9M | 50x | as long as short |
Binance AAVEUSDT
Gate AAVE_USDT
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
OKX AAVE-USDT-SWAP
ApeX Omni AAVEUSDT
BloFin AAVE-USDT
GRVT AAVE_USDT_Perp
Aevo AAVE-PERP
Lighter AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Extended AAVE-USD
RISEx AAVE/USDC
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX