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 +0.008%

Price spread now: Bybit against Kalshi−0.096%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Kalshi Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now −0.096%, 7d avg +0.057%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.153% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of +0.057%). If the spread goes back, that is −$15 on $10k: about 5.1 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.096% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXAAVEPERP	146.38	0	get 0.0000% / 8h	4h 54m	$85K	$1.5M	3.4x
Short	Bybit AAVEUSDT	146.24	0.0100	get 0.0100% / 8h	54m 38s	$62.4M	$66.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Kalshi. 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 KalshibpFee BybitbpOrdersPrice spread, now −0.096%Rate

Funding earned: $21
Price spread: −0.096% → +0.057%: −$15.29
Slippage, 4 orders: −$23.86
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$39.15
Costs to cover: 0.449%
Break-even: 20.0 days

Slippage from Kalshi: live order book, 4 min ago; Bybit: 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 Kalshi live order book, 4 min ago	3.08 bp	14.2 bp −$14	21.5 bp −$215	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.34 bp	7.2 bp −$7	13.7 bp −$137	68.9 bp −$6,893	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
Phoenix AAVE	−0.0045%	1h	146.30	−0.055%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0023%	1h	146.36	−0.014%	$256K	$412K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.27	−0.075%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERPlong	0.0000%	8h	146.38	long leg	$85K	$1.5M	3.4x
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.45	+0.049%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.39	+0.007%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0008%	1h	146.30	−0.055%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	+0.0020%	1h	146.34	−0.027%	$5K	$298K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.435%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.22	−0.109%	$30.6M	$25.5M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0043%	8h	146.22	−0.109%	$66.6M	$185.0M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.34	−0.030%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.33	−0.034%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0069%	8h	146.22	−0.109%	$17.9M	$67.5M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	146.24	−0.096%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.35	−0.024%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.43	+0.034%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.24	−0.097%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.18	−0.140%	$809K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.29	−0.064%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.29	−0.061%	$334K	$504K	10x	as long as short
Bybit AAVEUSDTshort	+0.0100%	8h	146.24	−0.096%	$62.4M	$66.0M	75x
Arcus AAVE-USD	+0.0100%	1h	146.26	−0.082%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.403%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.21	−0.116%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.22	−0.109%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.21	−0.116%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.32	−0.044%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.12	−0.177%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.17	−0.144%	$463K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.22	−0.109%	$136K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.45	+0.048%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.33	−0.033%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.051%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.29	−0.061%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.21	−0.114%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.31	−0.051%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0162%	8h	146.37	−0.007%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0229%	1h	146.52	+0.096%	$80.9M	$34.2M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.40	+0.012%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.034%	$795K	$3.0M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0337%	1h	146.44	+0.041%	$354K	$733K	10x	as long as short