Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h +0.062%

Price spread now: Aster against Kraken Futures−0.061%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.155%+$15 on $10k

Price spread, last 3 days (all we have)−0.143%−$14 · spread now −0.061%, 7d avg −0.018%

Together, before fees+0.011%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.043% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.018%). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	144.54	−0.0034	get 0.0004% / 1h	2m 16s	$3.5M	$2.0M	50x
Short	Aster AAVEUSDT	144.45	0.0100	get 0.0100% / 8h	6h 02m	$1.3M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.061%Rate

Funding earned: $28.18
Price spread: −0.061% → −0.018%: −$4.26
Slippage, 4 orders: −$32.08
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$26.15
Costs to cover: 0.501%
Break-even: 13.5 days

Slippage from Kraken Futures: live order book, 2 min ago; Aster: live order book, 1 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	4.84 bp	16.9 bp −$17	21.1 bp −$211	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	3.81 bp	10.4 bp −$10	26.3 bp −$263	doesn't fit	doesn't fit

AAVE on 41 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
Kraken Futures PF_AAVEUSDlong	−0.0034%	1h	144.54	long leg	$3.5M	$2.0M	50x
01 Exchange AAVEUSD	−0.0032%	1h	144.42	−0.082%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.32	−0.153%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.33	−0.144%	$71K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.43	−0.075%	$245K	$370K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.53	−0.008%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.47	−0.047%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.243%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.46	−0.057%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.45	−0.061%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0087%	8h	144.53	−0.006%	$26.6M	$25.0M	200x	as long as short
Binance AAVEUSDT	+0.0087%	8h	144.56	+0.016%	$65.2M	$182.0M	75x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.47	−0.049%	$200K	$229K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0090%	8h	144.39	−0.103%	$17.3M	$64.1M	50x	as long as short
Lighter AAVE	+0.0096%	1h	144.58	+0.030%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.39	−0.100%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.38	−0.109%	$803K	$415K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.59	+0.036%	$78.2M	$35.2M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	144.45	−0.061%	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	144.39	−0.103%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.48	−0.040%	$61.8M	$64.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.44	−0.068%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.54	+0.001%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.45	−0.061%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.50	−0.026%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.53	−0.006%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.41	−0.089%	$323K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.02	−0.359%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.83	−0.492%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.07	−0.324%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.85	−0.476%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.52	−0.013%	$126K	$421K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.42	−0.080%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.43	−0.075%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.82	+0.198%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.51	−0.020%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.327%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.37	−0.113%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.45	−0.061%	$122K	$146	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0399%	1h	144.53	−0.008%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.53	−0.006%	$776K	$2.8M	50x	as long as short