Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.041%

Price spread now: edgeX against Kalshi−0.230%7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Kalshi Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.230%, 7d avg +0.065%

Together, before fees+0.375%+ Points / potential airdropedgeX: Active · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.295% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.230% now, against its 7-day average of +0.065%). If the spread goes back, that is −$30 on $10k: about 9.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXAAVEPERP	141.57	0	get 0.0000% / 8h	3h 51m	$46K	$1.4M	3.4x
Short	edgeX AAVEUSDC	141.24	0.0100	get 0.0050% / 4h	3h 51m	$109K	$283K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.230%Rate

Funding earned: $21
Price spread: −0.230% → +0.065%: −$29.5
Slippage, 4 orders: −$27.61
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$55.11
Costs to cover: 0.466%
Break-even: 25.4 days

Slippage from Kalshi: live order book, 2 min ago; edgeX: live order book, 47 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, 2 min ago	9.56 bp	14.6 bp −$15	21.7 bp −$217	doesn't fit	doesn't fit
Sell edgeX live order book, 47 min ago	3.54 bp	8.0 bp −$8	11.4 bp −$114	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
dYdX AAVE-USD	0.0000%	1h	141.41	−0.112%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERPlong	0.0000%	8h	141.57	long leg	$46K	$1.4M	3.4x
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.59	+0.014%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.59	+0.013%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.256%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.53	−0.026%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0086%	8h	141.56	−0.007%	$17K	$8K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	141.40	−0.120%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.39	−0.128%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.48	−0.064%	$827K	$400K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	141.67	+0.071%	$77.3M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.60	+0.025%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.43	−0.100%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.59	+0.011%	$63.7M	$192.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.53	−0.028%	$61.0M	$69.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.50	−0.049%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.63	+0.042%	$92K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.56	−0.004%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.57	0.000%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.54	−0.021%	$22.9M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.56	−0.007%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.50	−0.049%	$28.8M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.53	−0.028%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.23	−0.239%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	141.24	−0.230%	$109K	$283K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.30	−0.193%	$452K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.25	−0.226%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.62	+0.035%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.52	−0.032%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.56	−0.007%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.67	+0.068%	$667K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.52	−0.035%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.51	−0.043%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.59	+0.015%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	141.62	+0.035%	$10K	$2K	5x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.46	−0.078%	$753K	$2.7M	50x	as long as short
Lighter AAVE	+0.0216%	1h	141.76	+0.134%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0217%	1h	141.68	+0.078%	$385K	$732K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.57	0.000%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.58	+0.010%	$178K	$296K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	141.65	+0.054%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.58	+0.011%	$110K	—	100x	as long as short