Live as of 2026-11-02 17:40 (UTC+8). Highest venue: Kraken at 14.3% annualized.
Kraken pays shorts the most on AAVE right now at 14.3% annualized, while Binance sits at 11.0%. Venues are close together right now, a spread of 3.4 percentage points, so venue choice matters less than getting in and out cheaply.
| Exchange | Rate / period | Interval | Annualized | 24h volume | |
|---|---|---|---|---|---|
| Kraken | 0.0016% | 1h | 14.3% | $2.2M | Trade |
| Gate | 0.0100% | 8h | 11.0% | $4.7M | Trade |
| Bitget | 0.0100% | 8h | 11.0% | $8.3M | Trade |
| Binance | 0.0100% | 8h | 11.0% | $88.6M | Trade |
A funding arbitrage position buys the spot asset and shorts the perpetual on the same venue, so price moves cancel out and the funding payment becomes the return. Taker fees on both legs cost about 0.32% of notional round trip, so the current rate needs roughly 8.2 days to pay that back. If the rate does not hold that long, the trade loses money even while the funding prints positive. The 24 hour median across venues is 11.0% annualized and the best venue is now at 14.3%, so today's level is above its own recent average.
Over the last 24 hours the best annualized rate on AAVE ranged from -7.3% to 83.6%, with a median of 11.0% across 558 samples. That range matters more than the spot number: a rate that spikes for one hour and collapses the next does not pay for the round trip.
| Time (UTC+8) | Best annualized |
|---|---|
| 11-01 18:40 | 25.6% |
| 11-01 19:40 | 11.0% |
| 11-01 20:40 | 33.6% |
| 11-01 21:41 | 24.6% |
| 11-01 22:40 | 11.0% |
| 11-01 23:40 | 11.0% |
| 11-02 00:40 | 11.0% |
| 11-02 01:40 | 27.1% |
| 11-02 02:40 | 33.2% |
| 11-02 03:40 | 17.1% |
| 11-02 04:40 | 52.3% |
| 11-02 05:40 | 32.4% |
| 11-02 06:40 | 11.8% |
| 11-02 07:40 | 11.0% |
| 11-02 08:40 | 11.0% |
| 11-02 09:40 | 11.0% |
| 11-02 10:40 | 11.0% |
| 11-02 11:40 | 11.0% |
| 11-02 12:40 | 11.0% |
| 11-02 13:40 | 11.0% |
| 11-02 14:40 | 11.0% |
| 11-02 15:40 | 11.0% |
| 11-02 16:40 | 11.0% |
| 11-02 17:40 | 14.3% |
Rates come straight from each exchange's public API and are re-read every hour. Annualized figures multiply the per-period rate by the number of periods in a year, which is 8,760 for an hourly venue and 1,095 for an eight-hour one. Volume is 24 hour quote volume, so it reflects dollar turnover you can actually trade against. Contracts with less than $1M of turnover are excluded from the ranking because their rates are usually noise.
Kraken shows the highest AAVE perpetual funding at 14.3% annualized (0.0016% per 1 hours). Binance shows the lowest at 11.0%.
On funding alone it is Kraken at 14.3% annualized. Check depth on your size first: 24 hour volume there is $2.2M.
At the current best rate the 0.32% round-trip fee is covered in roughly 8.2 days.
No. You still carry basis risk, exchange and custody risk, and the rate itself can flip sign.