AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.04 per $10,000 · paid last 24h −0.033%

Price spread now: Kraken Futures against RISEx−0.121%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on RISEx Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.114%−$11 on $10k

Price spread, last 4 days (all we have)+0.381%+$38 · spread now −0.121%, 7d avg +0.027%

Together, before fees+0.266%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.148% cheaper against RISEx than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of +0.027%). If the spread goes back, that is −$15 on $10k: about 16 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.114%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	142.47	0.0207	pay 0.0026% / 1h	24m 49s	$191K	$253K	10x
Short	Kraken Futures PF_AAVEUSD	142.30	0.0238	get 0.0030% / 1h	24m 49s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against RISEx. 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 RISExbpFee Kraken FuturesbpOrdersPrice spread, now −0.121%Rate

Funding earned: $6.49
Price spread: −0.121% → +0.027%: −$14.84
Slippage, 4 orders: −$22.62
Fee RISEx: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$46.97
Costs to cover: 0.386%
Break-even: 57.7 days

Slippage from RISEx: live order book, 23 min ago; Kraken Futures: live order book, 4 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 RISEx live order book, 23 min ago	1.40 bp	4.4 bp −$4	10.3 bp −$103	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	6.33 bp	14.4 bp −$14	19.9 bp −$199	124.4 bp −$12.4K	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	142.31	−0.111%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.29	−0.127%	$49K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.28	−0.134%	$216K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.32	−0.105%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0031%	1h	142.28	−0.136%	$832K	$401K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.868%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.27	−0.141%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0069%	8h	142.31	−0.113%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.31	−0.114%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.28	−0.134%	$77.7M	$37.2M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	142.12	−0.245%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.24	−0.161%	$325K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.15	−0.223%	$63.6M	$190.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.16	−0.218%	$60.9M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.17	−0.211%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.51	+0.027%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.34	−0.094%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.10	−0.260%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.11	−0.253%	$25.0M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.13	−0.239%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.18	−0.204%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.14	−0.232%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.03	−0.308%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.94	−0.373%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.57	+0.068%	$446K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.04	−0.303%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.41	−0.043%	$141K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.25	−0.155%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.26	−0.148%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.48	+0.006%	$681K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.26	−0.148%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.06	−0.291%	$901K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.45	−0.015%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.31	−0.116%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.01	−0.324%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0145%	1h	142.26	−0.148%	$337K	$730K	10x	as long as short
RISEx AAVE/USDClong	+0.0207%	1h	142.47	long leg	$191K	$253K	10x
BloFin AAVE-USDT	+0.0220%	8h	142.21	−0.183%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0238%	1h	142.30	−0.121%	$3.4M	$2.1M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.33	−0.102%	$111K	—	100x	as long as short
Lighter AAVE	+0.0264%	1h	142.46	−0.006%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.05	−0.295%	$759K	$2.8M	50x	as long as short