Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.022%
Price spread now: HTX against Kalshi+0.116%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$690.686% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.315%−$31 on $10k
Price spread, last 3 days (all we have)−0.210%−$21 · spread now +0.116%, 7d avg −0.049%
Together, before fees−0.525%−$52 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.165% dearer against Kalshi than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.049%. Mind the row above: over the last 7 days funding on this pair cost −0.315%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXAAVEPERP146.100get 0.0000% / 8h3h 33m$77K$1.5M3.4x
ShortHTX AAVE-USDT146.270.0100get 0.0100% / 8h7h 33m$710K$5.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
$21
Price spread: +0.116% → −0.049%
$16.47
Slippage, 4 orders
−$46.56
Fee Kalshi: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$31.09
Costs to cover
0.686%
Break-even
17.4 days
Slippage from Kalshi: live order book, 5 min ago; HTX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kalshi live order book, 5 min ago7.54 bp13.0 bp −$1319.6 bp −$196doesn't fitdoesn't fit
Sell HTX live order book, 1 min ago8.98 bp18.7 bp −$1950.1 bp −$501doesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_AAVEUSD−0.0184%1h146.25+0.102%$3.5M$2.1M50xas long as short
01 Exchange AAVEUSD−0.0144%1h146.17+0.048%$11K$2K5xas long as short
SoDEX AAVE-USD−0.0109%1h146.13+0.021%$5K$305K10xas long as short
Phemex AAVEUSDT−0.0060%8h146.16+0.041%$4.2M$3.8M50xas long as short
Deribit AAVE_USDC-PERPETUAL−0.0024%1h146.17+0.048%$255K$369K50xas long as short
dYdX AAVE-USD0.0000%1h146.33+0.157%$104K$4K10xas long as short
Kalshi KXAAVEPERPlong0.0000%8h146.10long leg$77K$1.5M3.4x
Phoenix AAVE0.0000%1h146.19+0.062%$5K$102K10xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h146.26+0.111%$71K150xas long as short
MEXC AAVE_USDT+0.0020%8h146.26+0.110%$29.2M$25.8M200xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance AAVEUSDT+0.0020%8h146.22+0.082%$66.3M$184.8M75xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.256%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h146.23+0.091%20xas long as short
Orderly PERP_AAVE_USDC+0.0047%8h146.17+0.048%$18K$10K10xas long as short
OKX AAVE-USDT-SWAP+0.0060%8h146.15+0.034%$17.9M$66.9M50xas long as short
Gate AAVE_USDT+0.0063%8h146.26+0.110%$7.9M$15.2M75xas long as short
ApeX Omni AAVEUSDT+0.0067%1h146.03−0.048%$136K$230K50xas long as short
GRVT AAVE_USDT_Perp+0.0071%8h145.82−0.188%$461K$3.8M10xas long as short
BloFin AAVE-USDT+0.0085%8h145.81−0.198%$3.5M$4.0M100xas long as short
Bybit AAVEUSDT+0.0088%8h146.19+0.062%$62.5M$65.4M75xas long as short
Aevo AAVE-PERP+0.0088%1h146.19+0.062%$123K$14610xas long as short
Lighter AAVE+0.0096%1h146.49+0.266%$4.7M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h146.34+0.166%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h146.25+0.099%$800K$445K10xas long as short
Hyperliquid AAVE+0.0100%1h146.38+0.192%$79.9M$35.3M10xas long as short
Aster AAVEUSDT+0.0100%8h146.37+0.183%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h146.26+0.111%$334K$503K10xas long as short
Arcus AAVE-USD+0.0100%1h146.36+0.178%$46K$278K10xas long as short
Bulk AAVE-USD+0.0100%1h145.72−0.260%$61K−$010xas long as short
KuCoin AAVEUSDTM+0.0100%8h146.34+0.164%$10.1M$8.7M75xas long as short
Bitget AAVEUSDT+0.0100%8h146.28+0.123%$30.4M$18.1M75xas long as short
BingX AAVE-USDT+0.0100%8h146.21+0.075%$44.1Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h146.23+0.089%$333K$741K10xas long as short
Variational Omni AAVE+0.0100%8h145.87−0.156%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h145.80−0.207%$105K$318K20xas long as short
Polymarket Perps AAVE-USD+0.0100%1h146.29+0.130%$128K$427K10xas long as short
SunX AAVE-USDT+0.0100%8h146.14+0.030%$2K$1.3M20xas long as short
HTX AAVE-USDTshort+0.0100%8h146.27+0.116%$710K$5.2M75x
Extended AAVE-USD+0.0104%1h146.13+0.017%$932K$1.7M50xas long as short
RISEx AAVE/USDC+0.0107%1h146.33+0.158%$185K$246K10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0233% / S −0.0363%1h146.24+0.095%$128K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0296%1h146.14+0.027%$786K$3.1M50xas long as short