Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.20 per $10,000 · paid last 24h −0.057%
Price spread now: Kraken Futures against Aevo+0.484%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$990.986% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.174%−$17 on $10k
Price spread, last 4 days (all we have)−0.479%−$48 · spread now +0.484%, 7d avg +0.021%
Together, before fees−0.653%−$65 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.463% dearer against Aevo than usual: you sell high and buy low: +$46 more if the spread goes back to its 7-day average of +0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.174%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo AAVE-PERP142.770.0104pay 0.0013% / 1h7m 50s$121K$14610x
ShortKraken Futures PF_AAVEUSD143.460.0268get 0.0033% / 1h7m 50s$3.5M$2.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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

Funding earned
$34.42
Price spread: +0.484% → +0.021%
$46.28
Slippage, 4 orders
−$72.55
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$17.85
Costs to cover
0.986%
Break-even
10.6 days
Slippage from Aevo: live order book, 56 min ago; Kraken Futures: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo live order book, 56 min ago21.82 bp37.6 bp −$38194.2 bp −$1,942doesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago3.84 bp8.8 bp −$917.1 bp −$171143.7 bp −$14.4Kdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange AAVEUSD−0.0056%1h143.30+0.371%$10K$2K5xas long as short
dYdX AAVE-USD0.0000%1h143.45+0.477%$102K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h143.36+0.413%$59K$1.5M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h143.37+0.420%$227K$389K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h143.41+0.449%$80K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−4.070%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h143.31+0.377%20xas long as short
Orderly PERP_AAVE_USDC+0.0046%8h143.34+0.399%$18K$10K10xas long as short
Nado AAVE-PERP+0.0058%1h143.31+0.378%$827K$433K10xas long as short
Phoenix AAVE+0.0089%1h143.75+0.686%$5K$98K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter AAVE+0.0096%1h143.54+0.536%$4.6M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h143.45+0.473%$13K$4K20xas long as short
Hyperliquid AAVE+0.0100%1h143.40+0.441%$77.6M$34.9M10xas long as short
Aster AAVEUSDT+0.0100%8h143.35+0.406%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h143.42+0.456%$326K$434K10xas long as short
Binance AAVEUSDT+0.0100%8h143.18+0.286%$64.1M$182.6M75xas long as short
Bybit AAVEUSDT+0.0100%8h143.21+0.307%$61.2M$64.2M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h143.19+0.293%$17.1M$63.1M50xas long as short
Arcus AAVE-USD+0.0100%1h143.34+0.399%$44K$179K10xas long as short
Bulk AAVE-USD+0.0100%1h144.07+0.913%$58K$2K10xas long as short
Gate AAVE_USDT+0.0100%8h143.22+0.314%$7.8M$15.2M75xas long as short
MEXC AAVE_USDT+0.0100%8h143.19+0.293%$25.9M$23.7M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h143.28+0.357%$10.7M$9.2M75xas long as short
Bitget AAVEUSDT+0.0100%8h143.19+0.293%$30.0M$17.4M75xas long as short
BingX AAVE-USDC+0.0100%8h143.20+0.300%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h143.38+0.427%$320K$692K10xas long as short
Variational Omni AAVE+0.0100%8h143.66+0.621%$3.7M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h143.67+0.629%$103K$278K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h143.74+0.680%$451K$3.7M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h143.90+0.791%$134K$219K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h143.36+0.413%$128K$422K10xas long as short
SunX AAVE-USDT+0.0100%8h143.29+0.365%$1K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h143.33+0.392%$5K$301K10xas long as short
HTX AAVE-USDT+0.0100%8h143.55+0.546%$691K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h143.39+0.434%$4.0M$3.7M50xas long as short
Extended AAVE-USD+0.0104%1h143.17+0.279%$913K$1.7M50xas long as short
Aevo AAVE-PERPlong+0.0104%1h142.77long leg$121K$14610x
RISEx AAVE/USDC+0.0195%1h143.36+0.414%$184K$237K10xas long as short
BloFin AAVE-USDT+0.0220%8h143.36+0.413%$3.4M$3.5M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0263% / S −0.0420%1h143.38+0.424%$124K100xas long as short
Kraken Futures PF_AAVEUSDshort+0.0268%1h143.46+0.484%$3.5M$2.1M50x
Coinbase International AAVE-PERP-INTX+0.0336%1h143.93+0.812%$782K$2.8M50xas long as short