AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.028%

Price spread now: Kalshi against Bitget−0.208%55s7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.527% of the position

Long on Bitget Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 3 days (all we have)+0.454%+$45 · spread now −0.208%, 7d avg −0.061%

Together, before fees+0.282%+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.147% cheaper against Bitget than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.061%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	144.35	0.0100	pay 0.0100% / 8h	2h 35m	$30.1M	$18.2M	75x
Short	Kalshi KXAAVEPERP	144.05	0	get 0.0000% / 8h	6h 35m	$71K	$1.6M	3.4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bitget. 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 BitgetbpFee KalshibpOrdersPrice spread, now −0.208%Rate

Funding earned: −$21
Price spread: −0.208% → −0.061%: −$14.7
Slippage, 4 orders: −$30.66
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$88.36
Costs to cover: 0.527%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Kalshi: live order book, 3 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 Bitget live order book, 3 min ago	0.35 bp	11.2 bp −$11	19.0 bp −$190	77.1 bp −$7,709	doesn't fit
Sell Kalshi live order book, 3 min ago	5.55 bp	15.4 bp −$15	22.7 bp −$227	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
Deribit AAVE_USDC-PERPETUAL	−0.0304%	1h	144.39	+0.028%	$248K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0194%	1h	144.34	−0.007%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.32	−0.021%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.13	−0.152%	$4K	$101K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0026%	1h	144.08	−0.187%	$134K	$229K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.40	+0.038%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERPshort	0.0000%	8h	144.05	−0.208%	$71K	$1.6M	3.4x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.41	+0.038%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.51	+0.108%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.120%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.34	−0.009%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	144.36	+0.007%	$17.5M	$65.6M	50x	as long as short
Gate AAVE_USDT	+0.0054%	8h	144.34	−0.007%	$7.7M	$15.7M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0055%	8h	144.32	−0.021%	$18K	$12K	10x	as long as short
MEXC AAVE_USDT	+0.0068%	8h	144.30	−0.035%	$31.8M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0068%	8h	144.32	−0.023%	$65.7M	$183.2M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0093%	8h	144.12	−0.162%	$450K	$4.0M	10x	as long as short
Nado AAVE-PERP	+0.0093%	1h	144.34	−0.003%	$801K	$437K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.54	+0.135%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.40	+0.035%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.37	+0.011%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.39	+0.025%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.45	+0.069%	$80.2M	$32.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.35	−0.001%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.36	+0.006%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.40	+0.035%	$61.5M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.32	−0.021%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.61	+0.183%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.40	+0.035%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	144.35	long leg	$30.1M	$18.2M	75x
BingX AAVE-USDC	+0.0100%	8h	144.35	0.000%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.30	−0.035%	$379K	$701K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.08	−0.187%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.12	−0.161%	$100K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.40	+0.035%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.34	−0.003%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.30	−0.033%	$725K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.19	−0.111%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.35	−0.001%	$928K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0190%	8h	144.11	−0.166%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	+0.007%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.40	+0.034%	$124K	—	100x	as long as short