AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0246%/8h= −27.0% APRnext payment −$0.31 per $10,000 · paid last 24h +0.013%

Price spread now: dYdX against Kraken Futures−0.073%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$290as in the Funding arb table

Net, price: spread back to 7d avg − costs−$292as in the Price arb table

costs, in and out, $10k−$2872.866% of the position

Long on Kraken Futures Short on dYdX

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)−0.302%−$30 · spread now −0.073%, 7d avg −0.019%

Together, before fees−0.339%−$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.055% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.019%). Swap the legs.

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	Kraken Futures PF_AAVEUSD	143.85	0.0246	pay 0.0031% / 1h	47m 58s	$3.5M	$2.1M	50x
Short	dYdX AAVE-USD	143.75	0	get 0.0000% / 1h	47m 58s	$103K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$51.71
Price spread: −0.073% → −0.019%: −$5.48
Slippage, 4 orders: −$266.57
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$343.76
Costs to cover: 2.866%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; dYdX: live order book, 6 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, 1 min ago	4.51 bp	12.6 bp −$13	20.7 bp −$207	doesn't fit	doesn't fit
Sell dYdX live order book, 6 min ago	62.65 bp	191.9 bp −$192	193.5 bp −$1,935	197.2 bp −$19.7K	198.2 bp −$99.1K

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-USDshort	0.0000%	1h	143.75	−0.073%	$103K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	143.71	−0.100%	$54K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.74	−0.079%	$220K	$402K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.77	−0.058%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.792%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.92	+0.046%	$4K	$106K	10x	as long as short
Phemex AAVEUSDT	+0.0040%	8h	143.76	−0.065%	$4.0M	$3.6M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.78	−0.053%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0049%	1h	143.87	+0.008%	$846K	$395K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	143.74	−0.079%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.92	+0.044%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.82	−0.021%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.82	−0.025%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.78	−0.048%	$329K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.82	−0.023%	$64.3M	$188.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.81	−0.030%	$61.9M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.82	−0.023%	$17.2M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.89	+0.026%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.81	−0.030%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.78	−0.051%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.77	−0.058%	$25.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.81	−0.030%	$10.6M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.72	−0.093%	$29.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.76	−0.065%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.84	−0.009%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.82	−0.023%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.88	+0.018%	$458K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.84	−0.009%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.90	+0.033%	$128K	$444K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.75	−0.074%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.75	−0.072%	$5K	$315K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.98	+0.090%	$693K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.73	−0.089%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.77	−0.059%	$121K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	143.76	−0.065%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.84	−0.011%	$186K	$251K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0155%	1h	143.88	+0.019%	$338K	$720K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.67	−0.127%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0246%	1h	143.85	long leg	$3.5M	$2.1M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.77	−0.056%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.93	+0.053%	$789K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0401%	1h	143.97	+0.078%	$79.2M	$36.7M	10x	as long as short