AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.18 per $10,000 · paid last 24h +0.250%

Price spread now: Kraken Futures against Deribit+0.087%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.336%+$34 on $10k

Price spread, last 3 days (all we have)+0.089%+$9 · spread now +0.087%, 7d avg +0.050%

Together, before fees+0.425%+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.037% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	145.30	−0.0094	get 0.0012% / 1h	7m 15s	$255K	$435K	50x
Short	Kraken Futures PF_AAVEUSD	145.43	0.0054	get 0.0007% / 1h	7m 15s	$3.5M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.087%Rate

Funding earned: $31.06
Price spread: +0.087% → +0.050%: $3.68
Slippage, 4 orders: −$30.78
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$13.03
Costs to cover: 0.478%
Break-even: 9.9 days

Slippage from Deribit: live order book, 7 min ago; Kraken Futures: 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 Deribit live order book, 7 min ago	5.17 bp	11.4 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.44 bp	14.5 bp −$14	24.4 bp −$244	258.1 bp −$25.8K	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
01 Exchange AAVEUSD	−0.0128%	1h	145.27	−0.021%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUALlong	−0.0094%	1h	145.30	long leg	$255K	$435K	50x
Phoenix AAVE	−0.0045%	1h	145.40	+0.069%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0023%	1h	145.31	+0.007%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.18	−0.079%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.25	−0.034%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.32	+0.014%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.740%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0038%	8h	145.30	0.000%	$30.7M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0038%	8h	145.31	+0.007%	$66.2M	$185.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.25	−0.038%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.35	+0.033%	$181K	$245K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.25	−0.034%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0054%	1h	145.43	+0.087%	$3.5M	$2.1M	50x
OKX AAVE-USDT-SWAP	+0.0058%	8h	145.32	+0.014%	$17.6M	$67.0M	50x	as long as short
Gate AAVE_USDT	+0.0065%	8h	145.28	−0.014%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.33	+0.019%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.54	+0.167%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.18	−0.082%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.25	−0.034%	$804K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.39	+0.062%	$79.9M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.31	+0.005%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.19	−0.077%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.34	+0.028%	$62.0M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.32	+0.014%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.13	−0.119%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.29	−0.007%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.31	+0.007%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.24	−0.041%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.27	−0.021%	$347K	$723K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.04	−0.182%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.06	−0.167%	$104K	$315K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.27	−0.018%	$459K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.28	−0.014%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.34	+0.028%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.24	−0.040%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.40	+0.069%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.27	−0.021%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.23	−0.048%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0154%	8h	145.23	−0.048%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.31	+0.009%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	−0.165%	$787K	$3.0M	50x	as long as short