AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0248%/8h= +27.1% APRnext payment +$0.31 per $10,000 · paid last 24h −0.013%

Price spread now: Kraken Futures against dYdX+0.170%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$281as in the Funding arb table

Net, price: spread back to 7d avg − costs−$269as in the Price arb table

costs, in and out, $10k−$2842.842% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now +0.170%, 7d avg +0.019%

Together, before fees+0.243%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.151% dearer against dYdX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.019%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 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	dYdX AAVE-USD	142.87	0	get 0.0000% / 1h	19m 20s	$102K	$4K	10x
Short	Kraken Futures PF_AAVEUSD	143.11	0.0248	get 0.0031% / 1h	19m 20s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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 dYdXbpFee Kraken FuturesbpOrdersPrice spread, now +0.170%Rate

Funding earned: $51.98
Price spread: +0.170% → +0.019%: $15.11
Slippage, 4 orders: −$264.22
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$217.13
Costs to cover: 2.842%
Break-even: 36.2 days

Slippage from dYdX: live order book, 34 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 dYdX live order book, 34 min ago	62.65 bp	67.7 bp −$68	80.1 bp −$801	84.9 bp −$8,487	88.8 bp −$44.4K
Sell Kraken Futures live order book, 4 min ago	3.15 bp	13.9 bp −$14	22.3 bp −$223	187.0 bp −$18.7K	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-USDlong	0.0000%	1h	142.87	long leg	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	142.87	+0.002%	$50K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.00	+0.093%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.87	0.000%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0033%	1h	142.74	−0.086%	$832K	$397K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.135%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	142.79	−0.054%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.82	−0.036%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	142.84	−0.019%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0062%	8h	142.99	+0.086%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0096%	1h	142.93	+0.044%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.74	−0.088%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.86	−0.008%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.87	−0.001%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.83	−0.026%	$63.8M	$189.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.83	−0.026%	$61.4M	$67.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.83	−0.026%	$17.0M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.95	+0.058%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.57	−0.209%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.84	−0.019%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.85	−0.012%	$25.4M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.85	−0.012%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.81	−0.040%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.85	−0.012%	—	$43.7M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.99	+0.086%	$336K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	−0.096%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.70	−0.119%	$104K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.80	−0.047%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.76	−0.075%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.95	+0.058%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.75	−0.079%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.00	+0.093%	$5K	$310K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.10	+0.164%	$684K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.75	−0.080%	$904K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.88	+0.006%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	142.91	+0.033%	$185K	$251K	10x	as long as short
Hyperliquid AAVE	+0.0151%	1h	143.02	+0.107%	$78.2M	$37.1M	10x	as long as short
Lighter AAVE	+0.0184%	1h	143.12	+0.173%	$4.5M	$2.3M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.72	−0.103%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0248%	1h	143.11	+0.170%	$3.4M	$2.1M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.85	−0.013%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	142.80	−0.047%	$782K	$2.8M	50x	as long as short