Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.067%
Price spread now: Kalshi against Hyperliquid−0.096%46s7-day average −0.171% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as 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−$440.442% of the position
Funding, last 7 days−0.225%−$22 on $10k
+Price spread, last 3 days (all we have)+0.145%+$15 · spread now −0.096%, 7d avg −0.171%
=Together, before fees−0.079%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kalshi is 0.075% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.096% now, against its 7-day average of −0.171%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. The two prices were read 46 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 | Hyperliquid AAVE | 146.03 | 0.0100 | pay 0.0013% / 1h | 8m 21s | $80.5M | $34.7M | 10x |
| Short | Kalshi KXAAVEPERP | 145.89 | 0 | get 0.0000% / 8h | 4h 08m | $83K | $1.5M | 3.4x |
Hyperliquid AAVE
Kalshi KXAAVEPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.096% → −0.171%
- $7.52
- Slippage, 4 orders
- −$25.19
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$57.67
- Costs to cover
- 0.442%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Kalshi: live order book, 5 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 Hyperliquid live order book, 5 min ago | 0.34 bp | 5.9 bp −$6 | 11.5 bp −$115 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 5 min ago | 4.11 bp | 19.4 bp −$19 | 26.2 bp −$262 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX AAVE-USD | −0.0121% | 1h | 145.77 | −0.178% | $5K | $305K | 10x | as long as short |
| 01 Exchange AAVEUSD | −0.0048% | 1h | 145.55 | −0.329% | $11K | $2K | 5x | as long as short |
| Phoenix AAVE | −0.0027% | 1h | 145.87 | −0.110% | $5K | $99K | 10x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | −0.0024% | 1h | 145.85 | −0.123% | $255K | $391K | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 145.71 | −0.222% | $104K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERPshort | 0.0000% | 8h | 145.89 | −0.096% | $83K | $1.5M | 3.4x | |
| Kraken Futures PF_AAVEUSD | +0.0002% | 1h | 145.92 | −0.073% | $3.5M | $2.1M | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 146.00 | −0.017% | $71K | — | 150x | as long as short |
| Binance AAVEUSDT | +0.0030% | 8h | 145.90 | −0.089% | $66.5M | $187.4M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0031% | 8h | 145.90 | −0.089% | $29.8M | $26.1M | 200x | as long as short |
SoDEX AAVE-USD
01 Exchange AAVEUSD
Phoenix AAVE
Deribit AAVE_USDC-PERPETUAL
dYdX AAVE-USD
Kraken Futures PF_AAVEUSD
gTrade (Gains Network) AAVE/USD
Binance AAVEUSDT
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.211% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 145.89 | −0.096% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0052% | 8h | 145.81 | −0.151% | $18K | $12K | 10x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0067% | 8h | 145.82 | −0.144% | $17.9M | $67.6M | 50x | as long as short |
| Gate AAVE_USDT | +0.0074% | 8h | 145.93 | −0.068% | $7.9M | $15.9M | 75x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 145.81 | −0.151% | $123K | $146 | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 145.69 | −0.231% | $4.7M | $1.6M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 145.55 | −0.328% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 145.79 | −0.164% | $802K | $445K | 10x | as long as short |
| Hyperliquid AAVElong | +0.0100% | 1h | 146.03 | long leg | $80.5M | $34.7M | 10x | |
| Aster AAVEUSDT | +0.0100% | 8h | 145.81 | −0.152% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 145.60 | −0.294% | $332K | $504K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 145.92 | −0.075% | $62.2M | $66.0M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 145.53 | −0.342% | $50K | $273K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 145.59 | −0.303% | $61K | $360 | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 145.87 | −0.110% | $10.0M | $8.7M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 145.87 | −0.110% | $30.3M | $18.2M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 145.90 | −0.089% | — | $44.0M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 145.70 | −0.226% | $346K | $744K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 145.93 | −0.066% | $3.8M | $1.4M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 146.13 | +0.069% | $105K | $316K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 145.99 | −0.028% | $466K | $3.8M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 146.12 | +0.062% | $136K | $229K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 145.96 | −0.048% | $128K | $455K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 145.81 | −0.149% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 145.97 | −0.042% | $690K | $5.1M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 145.87 | −0.110% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 145.78 | −0.170% | $935K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0106% | 1h | 145.56 | −0.319% | $184K | $247K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0124% | 8h | 145.62 | −0.281% | $3.5M | $4.1M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0269% / S −0.0438% | 1h | 146.00 | −0.022% | $125K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0280% | 1h | 145.91 | −0.082% | $786K | $3.0M | 50x | as long as short |
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
OKX AAVE-USDT-SWAP
Gate AAVE_USDT
Aevo AAVE-PERP
Lighter AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
RISEx AAVE/USDC
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX