Funding you earn now, next payment 06:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.03 per $10,000 · paid last 24h +0.082%
Price spread now: Coinbase International against Kraken Futures+0.183%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$490.491% of the position
Funding, last 7 days+0.313%+$31 on $10k
+Price spread, last 4 days (all we have)−0.370%−$37 · spread now +0.183%, 7d avg +0.041%
=The price spread pays, funding is against you. Coinbase International is 0.143% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of +0.041%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days. Mind the row above: over the last 7 days funding on this pair paid +0.313%, 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 | 142.03 | 0.0317 | pay 0.0040% / 1h | 2m 08s | $3.4M | $2.1M | 50x |
| Short | Coinbase International AAVE-PERP-INTX | 142.29 | 0.0296 | get 0.0037% / 1h | 2m 08s | $755K | $2.8M | 50x |
Kraken Futures PF_AAVEUSD
Coinbase International AAVE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.5
- Price spread: +0.183% → +0.041%
- $14.26
- Slippage, 4 orders
- −$29.1
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$39.34
- Costs to cover
- 0.491%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Coinbase International: 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 Kraken Futures live order book, 2 min ago | 3.87 bp | 13.0 bp −$13 | 23.2 bp −$232 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 5.28 bp | 13.6 bp −$14 | 16.2 bp −$162 | 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 | 142.04 | +0.010% | $101K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 142.01 | −0.014% | $51K | $1.4M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 142.02 | −0.007% | $215K | $398K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 142.05 | +0.016% | $79K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −3.569% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 141.98 | −0.037% | — | — | 20x | as long as short |
| Nado AAVE-PERP | +0.0069% | 1h | 141.99 | −0.024% | $827K | $396K | 10x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0080% | 8h | 142.02 | −0.007% | $18K | $7K | 10x | as long as short |
| Phoenix AAVE | +0.0089% | 1h | 142.50 | +0.331% | $4K | $108K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 142.11 | +0.059% | $4.5M | $2.5M | 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
Nado AAVE-PERP
Orderly PERP_AAVE_USDC
Phoenix AAVE
Lighter AAVEShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 141.97 | −0.041% | $13K | $4K | 20x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 141.91 | −0.083% | $1.2M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 142.03 | 0.000% | $324K | $384K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 141.89 | −0.098% | $63.8M | $188.6M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 141.91 | −0.084% | $61.3M | $67.4M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 141.85 | −0.126% | $16.9M | $63.9M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 142.10 | +0.050% | $63K | $197K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 142.35 | +0.226% | $161K | $103K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 141.88 | −0.105% | $8.0M | $16.0M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 141.88 | −0.105% | $24.3M | $24.2M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 141.95 | −0.056% | $10.2M | $9.5M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 141.85 | −0.126% | $29.0M | $17.9M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 141.86 | −0.119% | — | $43.4M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 142.26 | +0.162% | $3.7M | $1.2M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 142.12 | +0.062% | $108K | $284K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.13 | +0.071% | $444K | $3.7M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 142.08 | +0.036% | $132K | $220K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 142.07 | +0.028% | $141K | $470K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 142.00 | −0.018% | $2K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 141.92 | −0.077% | $5K | $285K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 142.49 | +0.321% | $674K | $5.3M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 141.95 | −0.056% | $3.9M | $3.6M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 141.97 | −0.045% | $905K | $1.7M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 142.05 | +0.018% | $120K | $146 | 10x | as long as short |
| 01 Exchange AAVEUSD | +0.0112% | 1h | 142.08 | +0.036% | $10K | $2K | 5x | as long as short |
| Hyperliquid AAVE | +0.0156% | 1h | 142.02 | −0.004% | $77.7M | $36.9M | 10x | as long as short |
| Backpack AAVE_USDC_PERP | +0.0167% | 1h | 142.02 | −0.007% | $390K | $727K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 142.03 | 0.000% | $3.3M | $3.6M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0252% / S −0.0362% | 1h | 142.05 | +0.015% | $111K | — | 100x | as long as short |
| RISEx AAVE/USDC | +0.0256% | 1h | 142.08 | +0.039% | $188K | $270K | 10x | as long as short |
| Coinbase International AAVE-PERP-INTXshort | +0.0296% | 1h | 142.29 | +0.183% | $755K | $2.8M | 50x | |
| Kraken Futures PF_AAVEUSDlong | +0.0317% | 1h | 142.03 | long leg | $3.4M | $2.1M | 50x |
Paradex AAVE-USD-PERP
Aster AAVEUSDT
Pacifica AAVE
Binance AAVEUSDT
Bybit AAVEUSDT
OKX AAVE-USDT-SWAP
Arcus AAVE-USD
Bulk 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
Extended AAVE-USD
Aevo AAVE-PERP
01 Exchange AAVEUSD
Hyperliquid AAVE
Backpack AAVE_USDC_PERP
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
RISEx AAVE/USDC