AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0167%/8h= −18.3% APRnext payment −$0.21 per $10,000 · paid last 24h +0.064%

Price spread now: Polymarket Perps against Kraken Futures−0.050%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 3 days (all we have)−0.119%−$12 · spread now −0.050%, 7d avg +0.007%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.056% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.171%, 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	144.10	0.0267	pay 0.0033% / 1h	54m 40s	$3.5M	$2.0M	50x
Short	Polymarket Perps AAVE-USD	144.03	0.0100	get 0.0013% / 1h	54m 40s	$126K	$419K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$35.02
Price spread: −0.050% → +0.007%: −$5.62
Slippage, 4 orders: −$21.66
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$80.29
Costs to cover: 0.397%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Polymarket Perps: live order book, 8 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, 4 min ago	4.16 bp	12.1 bp −$12	25.0 bp −$250	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 8 min ago	1.73 bp	6.4 bp −$6	7.7 bp −$77	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
ApeX Omni AAVEUSDT	−0.0648%	1h	143.72	−0.265%	$134K	$219K	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0167%	1h	143.93	−0.119%	$244K	$370K	50x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	144.02	−0.057%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.99	−0.075%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.12	+0.013%	$72K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.00	−0.070%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.59	+0.339%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.956%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.92	−0.128%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.94	−0.112%	$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
OKX AAVE-USDT-SWAP	+0.0088%	8h	143.87	−0.161%	$17.2M	$63.4M	50x	as long as short
MEXC AAVE_USDT	+0.0092%	8h	143.91	−0.133%	$26.4M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0093%	8h	143.91	−0.131%	$64.9M	$181.0M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.13	+0.023%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.93	−0.121%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.96	−0.098%	$801K	$409K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.05	−0.036%	$77.9M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.05	−0.038%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.93	−0.120%	$328K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.91	−0.133%	$61.6M	$63.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.93	−0.119%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.04	−0.039%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.05	−0.036%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.00	−0.070%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.91	−0.133%	$29.9M	$17.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.05	−0.036%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.12	+0.013%	$322K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.60	+0.347%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.85	−0.176%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.82	−0.194%	$451K	$3.8M	10x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	144.03	−0.050%	$126K	$419K	10x
SunX AAVE-USDT	+0.0100%	8h	143.94	−0.109%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.97	−0.091%	$5K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.28	+0.122%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.10	−0.001%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.02	−0.056%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.98	−0.085%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.10	0.000%	$199K	$228K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0258% / S −0.0409%	1h	144.00	−0.072%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0267%	1h	144.10	long leg	$3.5M	$2.0M	50x
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.56	+0.318%	$777K	$2.8M	50x	as long as short