Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.041%

Price spread now: Kalshi against edgeX−0.057%7-day average −0.071% · 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−$46as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on edgeX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.231%−$23 on $10k

Price spread, last 3 days (all we have)+0.056%+$6 · spread now −0.057%, 7d avg −0.071%

Together, before fees−0.175%+ Points / potential airdropedgeX: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	144.67	0.0100	pay 0.0050% / 4h	2h 24m	$101K	$312K	20x
Short	Kalshi KXAAVEPERP	144.59	0	get 0.0000% / 8h	6h 24m	$71K	$1.5M	3.4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against edgeX. 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 edgeXbpFee KalshibpOrdersPrice spread, now −0.057%Rate

Funding earned: −$21
Price spread: −0.057% → −0.071%: $1.48
Slippage, 4 orders: −$28.32
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$66.84
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from edgeX: live order book, 63 min ago; Kalshi: live order book, 4 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 edgeX live order book, 63 min ago	3.72 bp	8.2 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	0.35 bp	10.8 bp −$11	18.0 bp −$180	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	−0.0510%	1h	144.68	+0.006%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0187%	1h	144.65	−0.015%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.58	−0.064%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.80	+0.088%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.72	+0.034%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERPshort	0.0000%	8h	144.59	−0.057%	$71K	$1.5M	3.4x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.76	+0.064%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.82	+0.100%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.331%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.47	−0.140%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0047%	1h	144.75	+0.054%	$135K	$229K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.47	−0.140%	$17.5M	$66.0M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	144.66	−0.008%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0053%	8h	144.61	−0.043%	$7.7M	$15.8M	75x	as long as short
Binance AAVEUSDT	+0.0056%	8h	144.55	−0.087%	$65.8M	$184.2M	75x	as long as short
MEXC AAVE_USDT	+0.0059%	8h	144.59	−0.057%	$31.5M	$26.3M	200x	as long as short
Nado AAVE-PERP	+0.0087%	1h	144.54	−0.091%	$802K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.76	+0.060%	$456K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.84	+0.117%	$4.7M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.70	+0.020%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.62	−0.035%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.64	−0.024%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.86	+0.130%	$80.5M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.72	+0.033%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.69	+0.014%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.50	−0.119%	$61.5M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.58	−0.064%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.259%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.74	+0.047%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.53	−0.098%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.60	−0.050%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.80	+0.088%	$378K	$702K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.87	+0.137%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	144.67	long leg	$101K	$312K	20x
Polymarket Perps AAVE-USD	+0.0100%	1h	144.55	−0.084%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.64	−0.021%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.81	+0.095%	$721K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.68	+0.006%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.53	−0.097%	$932K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0179%	8h	144.65	−0.015%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.216%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.74	+0.050%	$125K	—	100x	as long as short