Funding you earn now, next payment 08:00 UTC+0.0171%/8h= +18.7% APRpaid last 24h −0.003%
Price spread now: Kraken Futures against Bybit+0.117%55s7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$420.418% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)+0.125%+$13 · spread now +0.117%, 7d avg +0.048%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.069% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.048%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AAVEUSDT | 141.13 | 0.0100 | pay 0.0100% / 8h | 15m 29s | $60.7M | $69.3M | 75x |
| Short | Kraken Futures PF_AAVEUSD | 141.29 | 0.0271 | get 0.0034% / 1h | 15m 29s | $3.4M | $2.1M | 50x |
Bybit AAVEUSDT
Kraken Futures PF_AAVEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $35.92
- Price spread: +0.117% → +0.048%
- $6.88
- Slippage, 4 orders
- −$20.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1.03
- Costs to cover
- 0.418%
- Break-even
- 6.8 days
Slippage from Bybit: live order book, 3 min ago; Kraken Futures: live order book, 3 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 Bybit live order book, 3 min ago | 0.35 bp | 8.5 bp −$8 | 14.2 bp −$142 | 71.0 bp −$7,102 | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 4.25 bp | 12.8 bp −$13 | 19.4 bp −$194 | 102.8 bp −$10.3K | 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 | 141.31 | +0.125% | $101K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 141.21 | +0.057% | $45K | $1.4M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 141.23 | +0.071% | $213K | $392K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 141.24 | +0.075% | $79K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −2.955% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 141.08 | −0.039% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0083% | 8h | 141.15 | +0.014% | $17K | $8K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 141.46 | +0.234% | $4.5M | $2.6M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 141.27 | +0.101% | $13K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 141.15 | +0.018% | $826K | $399K | 10x | as long as short |
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Lighter AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid AAVE | +0.0100% | 1h | 141.24 | +0.078% | $77.1M | $37.2M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 141.22 | +0.061% | $1.2M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 141.32 | +0.132% | $329K | $391K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 141.18 | +0.034% | $63.4M | $192.1M | 75x | as long as short |
| Bybit AAVEUSDTlong | +0.0100% | 8h | 141.13 | long leg | $60.7M | $69.3M | 75x | |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 141.15 | +0.014% | $16.6M | $64.8M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 141.40 | +0.191% | $91K | $221K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 141.19 | +0.043% | $8.0M | $16.6M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 141.16 | +0.021% | $22.6M | $24.3M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 141.19 | +0.043% | $10.3M | $9.6M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 141.18 | +0.035% | $28.7M | $18.0M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 141.17 | +0.028% | — | $43.6M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 141.16 | +0.023% | $3.7M | $1.2M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 141.14 | +0.009% | $108K | $283K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 141.19 | +0.045% | $445K | $3.6M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 141.19 | +0.043% | $131K | $220K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 141.17 | +0.028% | $133K | $484K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 141.31 | +0.125% | $2K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 141.22 | +0.064% | $5K | $297K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 141.39 | +0.184% | $667K | $5.3M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 141.24 | +0.078% | $3.9M | $3.6M | 50x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 141.18 | +0.035% | $163K | $106K | 10x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 141.22 | +0.061% | $909K | $1.8M | 50x | as long as short |
| 01 Exchange AAVEUSD | +0.0104% | 1h | 141.31 | +0.128% | $10K | $2K | 5x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 141.23 | +0.072% | $119K | $146 | 10x | as long as short |
| Phoenix AAVE | +0.0152% | 1h | 141.19 | +0.043% | $5K | $98K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 141.21 | +0.057% | $3.3M | $3.5M | 100x | as long as short |
| RISEx AAVE/USDC | +0.0245% | 1h | 141.33 | +0.140% | $190K | $292K | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0252% / S −0.0360% | 1h | 141.23 | +0.071% | $110K | — | 100x | as long as short |
| Backpack AAVE_USDC_PERP | +0.0254% | 1h | 141.34 | +0.149% | $384K | $732K | 10x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0256% | 1h | 141.28 | +0.106% | $752K | $2.7M | 50x | as long as short |
| Kraken Futures PF_AAVEUSDshort | +0.0271% | 1h | 141.29 | +0.117% | $3.4M | $2.1M | 50x |
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Binance AAVEUSDT
OKX AAVE-USDT-SWAP
Arcus AAVE-USD
Gate AAVE_USDT
MEXC AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
SoDEX AAVE-USD
HTX AAVE-USDT
Phemex AAVEUSDT
Bulk AAVE-USD
Extended AAVE-USD
01 Exchange AAVEUSD
Aevo AAVE-PERP
Phoenix AAVE
BloFin AAVE-USDT
RISEx AAVE/USDC
GMX AAVE/USD [AAVE-USDC]
Backpack AAVE_USDC_PERP
Coinbase International AAVE-PERP-INTX