AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0217%/8h= −23.7% APRnext payment −$0.27 per $10,000 · paid last 24h +0.025%

Price spread now: ApeX Omni against Kraken Futures−0.188%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$510.508% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.188%, 7d avg −0.023%

Together, before fees+0.085%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and ApeX Omni is 0.165% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.023%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.152%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	142.45	0.0317	pay 0.0040% / 1h	26m 45s	$3.4M	$2.1M	50x
Short	ApeX Omni AAVEUSDT	142.18	0.0100	get 0.0013% / 1h	26m 45s	$132K	$222K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now −0.188%Rate

Funding earned: −$45.47
Price spread: −0.188% → −0.023%: −$16.47
Slippage, 4 orders: −$30.76
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$112.7
Costs to cover: 0.508%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; ApeX Omni: live order book, 14 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 Kraken Futures live order book, 2 min ago	2.82 bp	12.5 bp −$12	22.3 bp −$223	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 14 min ago	4.92 bp	12.4 bp −$12	95.7 bp −$957	doesn't fit	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	142.29	−0.113%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.28	−0.118%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.37	−0.055%	$217K	$397K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.07	−0.267%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.853%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.06	−0.271%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0053%	1h	142.23	−0.153%	$826K	$389K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0079%	8h	142.38	−0.048%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.30	−0.104%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.76	+0.222%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.27	−0.122%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.51	+0.046%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.33	−0.081%	$325K	$385K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.50	+0.037%	$64.1M	$189.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.53	+0.058%	$61.4M	$67.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.50	+0.037%	$17.0M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.38	−0.048%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.07	−0.262%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.49	+0.030%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.48	+0.022%	$24.7M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.46	+0.008%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.49	+0.030%	$29.1M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.48	+0.022%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.15	−0.209%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.15	−0.206%	$107K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.24	−0.145%	$447K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	142.18	−0.188%	$132K	$222K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	142.42	−0.020%	$141K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.37	−0.055%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.36	−0.062%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.45	−0.001%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.36	−0.062%	$4.0M	$3.6M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.54	+0.065%	$375K	$718K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.44	−0.009%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.42	−0.022%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.34	−0.076%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0185%	1h	142.70	+0.177%	$78.0M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.41	−0.027%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.38	−0.048%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.42	−0.021%	$192K	$263K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.23	−0.153%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0317%	1h	142.45	long leg	$3.4M	$2.1M	50x