data as of
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Price arb /

AAVE

all AAVE markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$61
spread now−0.082%7d average−0.012%fees + slippage, in and out−$54spread needed0.545%
Long on Kraken FuturesShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_AAVEUSD145.550.0229pay 0.0029% / 1h33m 22s$3.5M$2.0M50x
ShortPhemex AAVEUSDT145.430.0075get 0.0075% / 8h1h 33m$4.1M$3.9M50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$8.22
Funding while held
−$4.6
Slippage, 4 orders
−$32.46
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$67.28
Spread needed to break even
0.545%
Slippage from Kraken Futures: live order book, 2 min ago; Phemex: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0153%
Per $10,000 a day
−$4.60
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 2 min ago3.78 bp15.8 bp −$1624.4 bp −$244doesn't fitdoesn't fit
Sell Phemex live order book, 2 min ago2.41 bp12.0 bp −$1217.1 bp −$171doesn't fitdoesn't fit

AAVE price on every exchange

against the cheapest. Click to use as the short leg.
Injective136.96cheapest
Deribit142.58+4.103%Orderly145.37+6.140%SunX145.38+6.145%SoDEX145.41+6.170%Variational Omni145.42+6.177%
Phemex145.43+6.184%
Nado145.44+6.195%Aevo145.45+6.195%Kalshi145.48+6.221%Bulk145.48+6.222%GMX145.49+6.229%edgeX145.53+6.256%HTX145.53+6.257%Coinbase International145.53+6.257%ApeX Omni145.54+6.265%
Kraken Futures145.55+6.272%
Backpack145.55+6.272%Phoenix145.55+6.272%BloFin145.56+6.279%Bybit145.59+6.301%Reya145.62+6.320%Bitget145.62+6.323%Extended145.63+6.333%Pacifica145.64+6.336%Binance145.64+6.338%OKX145.66+6.352%BingX145.66+6.352%MEXC145.67+6.360%gTrade (Gains Network)145.68+6.366%KuCoin145.68+6.367%Paradex145.68+6.368%RISEx145.68+6.368%dYdX145.69+6.370%Gate145.69+6.374%Arcus145.75+6.418%Aster145.78+6.440%Polymarket Perps145.78+6.440%Hyperliquid145.84+6.485%Lighter145.87+6.503%

AAVE on 40 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective AAVE/USDC PERP−5.901%+0.0033%1h$422$197K12xas long as short
Deribit AAVE_USDC-PERPETUAL−2.040%−1.9751%1h$222K$301K50xas long as short
Orderly PERP_AAVE_USDC−0.123%+0.0046%8h$18K$18K10xas long as short
SunX AAVE-USDT−0.119%+0.0100%8h$2K$1.2M20xas long as short
SoDEX AAVE-USD−0.096%−0.0114%1h$5K$285K10xas long as short
Variational Omni AAVE−0.089%+0.0018%8h$3.8M$1.3M—as long as short
Phemex AAVEUSDTshort−0.082%+0.0075%8h$4.1M$3.9M50x
Nado AAVE-PERP−0.072%+0.0100%1h$823K$414K10xas long as short
Aevo AAVE-PERP−0.072%+0.0104%1h$123K$14610xas long as short
Kalshi KXAAVEPERP−0.048%0.0000%8h$68K$1.3M3.4xas long as short
Show all 40 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bulk AAVE-USD−0.047%+0.0100%1h$59K$20K10xas long as short
GMX AAVE/USD [AAVE-USDC]−0.040%L +0.0237% / S −0.0412%1h$131K—100xas long as short
edgeX AAVEUSDC−0.015%+0.0100%4h$99K$309K20xas long as short
HTX AAVE-USDT−0.014%+0.0100%8h$737K$4.4M75xas long as short
Coinbase International AAVE-PERP-INTX−0.013%+0.0384%1h$799K$3.2M50xas long as short
ApeX Omni AAVEUSDT−0.007%+0.0007%1h$135K$239K50xas long as short
Kraken Futures PF_AAVEUSDlong0.000%+0.0229%1h$3.5M$2.0M50x
Backpack AAVE_USDC_PERP0.000%+0.0100%1h$307K$500K10xas long as short
Phoenix AAVE0.000%+0.0082%1h$4K$74K10xas long as short
BloFin AAVE-USDT+0.007%+0.0204%8h$3.7M$5.7M100xas long as short
Bybit AAVEUSDT+0.028%+0.0100%8h$60.4M$58.1M75xas long as short
Reya AAVERUSDPERP+0.045%+0.0044%1h——20xas long as short
Bitget AAVEUSDT+0.048%+0.0100%8h$29.7M$15.7M75xas long as short
Extended AAVE-USD+0.058%+0.0104%1h$1.0M$1.4M50xas long as short
Pacifica AAVE+0.061%+0.0100%1h$336K$432K10xas long as short
Binance AAVEUSDT+0.062%+0.0083%8h$66.2M$171.2M75xas long as short
OKX AAVE-USDT-SWAP+0.076%0.0000%8h$18.1M$64.2M50xas long as short
BingX AAVE-USDT+0.076%+0.0100%8h—$41.1M—as long as short
MEXC AAVE_USDT+0.083%+0.0083%8h$25.5M$23.1M200xas long as short
gTrade (Gains Network) AAVE/USD+0.089%L +0.0005% / S −0.0004%1h$70K—150xas long as short
KuCoin AAVEUSDTM+0.090%+0.0094%8h$10.0M$8.2M75xas long as short
Paradex AAVE-USD-PERP+0.090%+0.0100%8h$14K$3K20xas long as short
RISEx AAVE/USDC+0.091%+0.0091%1h$184K$245K10xas long as short
dYdX AAVE-USD+0.093%0.0000%1h$105K$5K10xas long as short
Gate AAVE_USDT+0.096%+0.0094%8h$7.9M$12.8M75xas long as short
Arcus AAVE-USD+0.138%+0.0100%1h$52K$376K10xas long as short
Aster AAVEUSDT+0.158%+0.0100%8h$1.4M$1.1M50xas long as short
Polymarket Perps AAVE-USD+0.158%+0.0100%1h$134K$608K10xas long as short
Hyperliquid AAVE+0.201%+0.0100%1h$81.8M$23.6M10xas long as short
Lighter AAVE+0.218%+0.0096%1h$4.7M$1.6M10xas long as short