AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.040%

Price spread now: Kalshi against Bybit+0.021%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on Bybit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 7 days−0.158%−$16 · spread now +0.021%, 7d avg −0.038%

Together, before fees−0.269%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.059% dearer against Bybit than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.038%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	142.91	0.0100	pay 0.0100% / 8h	7h 10m	$61.5M	$67.4M	75x
Short	Kalshi KXAAVEPERP	142.94	0	get 0.0000% / 8h	3h 10m	$50K	$1.4M	3.4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bybit. 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 BybitbpFee KalshibpOrdersPrice spread, now +0.021%Rate

Funding earned: −$21
Price spread: +0.021% → −0.038%: $5.93
Slippage, 4 orders: −$24.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$60.76
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Kalshi: live order book, 2 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 Bybit live order book, 3 min ago	0.35 bp	9.4 bp −$9	17.7 bp −$177	61.4 bp −$6,139	doesn't fit
Sell Kalshi live order book, 2 min ago	5.96 bp	19.0 bp −$19	26.9 bp −$269	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
Phemex AAVEUSDT	−0.0225%	8h	142.87	−0.028%	$4.0M	$3.6M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.97	+0.043%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERPshort	0.0000%	8h	142.94	+0.021%	$50K	$1.4M	3.4x
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.88	−0.021%	$211K	$376K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.86	−0.035%	$82K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.163%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.87	−0.027%	—	—	20x	as long as short
01 Exchange AAVEUSD	+0.0072%	1h	142.91	0.000%	$10K	$2K	5x	as long as short
Orderly PERP_AAVE_USDC	+0.0092%	8h	142.82	−0.063%	$17K	$6K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	142.67	−0.168%	$4K	$99K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.95	+0.031%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	142.84	−0.045%	$834K	$386K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.06	+0.105%	$78.2M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.95	+0.028%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.99	+0.053%	$349K	$408K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.94	+0.021%	$63.9M	$188.5M	75x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	142.91	long leg	$61.5M	$67.4M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.89	−0.014%	$16.5M	$63.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.02	+0.077%	$95K	$226K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.41	−0.350%	$164K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.96	+0.035%	$8.1M	$16.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.92	+0.007%	$22.7M	$24.3M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.92	+0.007%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.88	−0.021%	$29.0M	$17.6M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.93	+0.014%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.62	−0.200%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.47	−0.307%	$110K	$285K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.28	−0.442%	$455K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.50	−0.287%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.93	+0.014%	$135K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.80	−0.075%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.90	−0.007%	$6K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.03	+0.082%	$673K	$5.3M	75x	as long as short
Lighter AAVE	+0.0104%	1h	143.07	+0.115%	$4.6M	$2.6M	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.82	−0.065%	$916K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.92	+0.004%	$121K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0207%	1h	143.05	+0.098%	$389K	$734K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	143.09	+0.126%	$761K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.83	−0.056%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	142.93	+0.014%	$173K	$289K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	143.00	+0.062%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	142.84	−0.050%	$111K	—	100x	as long as short