Funding you earn now, next payment 03:00 UTC+0.0267%/8h= +29.3% APRpaid last 24h −0.018%
Price spread now: Kraken Futures against Kalshi+0.006%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$540.536% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)+0.410%+$41 · spread now +0.006%, 7d avg +0.115%
=Funding pays, the price is against you. Kraken Futures is 0.108% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.115%). If the spread goes back, that is −$11 on $10k: about 32 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.050% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXAAVEPERP | 143.71 | 0 | get 0.0000% / 8h | 1h 11m | $59K | $1.5M | 3.4x |
| Short | Kraken Futures PF_AAVEUSD | 143.72 | 0.0267 | get 0.0033% / 1h | 11m 28s | $3.5M | $2.1M | 50x |
Kalshi KXAAVEPERP
Kraken Futures PF_AAVEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Kalshi. 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
- $56.16
- Price spread: +0.006% → +0.115%
- −$10.83
- Slippage, 4 orders
- −$33.55
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$8.21
- Costs to cover
- 0.536%
- Break-even
- 8.0 days
Slippage from Kalshi: live order book, 2 min ago; Kraken Futures: live order book, 2 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 | 2.78 bp | 9.2 bp −$9 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 4.86 bp | 11.1 bp −$11 | 19.6 bp −$196 | 126.7 bp −$12.7K | 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 | −0.0376% | 1h | 143.61 | −0.070% | $228K | $389K | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0048% | 1h | 143.73 | +0.014% | $11K | $2K | 5x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 143.62 | −0.062% | $103K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERPlong | 0.0000% | 8h | 143.71 | long leg | $59K | $1.5M | 3.4x | |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 143.86 | +0.107% | $80K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −4.697% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 143.74 | +0.021% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0045% | 8h | 143.86 | +0.104% | $18K | $10K | 10x | as long as short |
| Nado AAVE-PERP | +0.0055% | 1h | 143.73 | +0.014% | $830K | $433K | 10x | as long as short |
| Phoenix AAVE | +0.0089% | 1h | 144.07 | +0.251% | $5K | $98K | 10x | as long as short |
Deribit AAVE_USDC-PERPETUAL
01 Exchange AAVEUSD
dYdX AAVE-USD
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Nado AAVE-PERP
Phoenix AAVEShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter AAVE | +0.0096% | 1h | 143.82 | +0.074% | $4.6M | $1.5M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 143.58 | −0.090% | $13K | $4K | 20x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 143.88 | +0.118% | $77.8M | $35.2M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 143.71 | +0.002% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 143.64 | −0.049% | $327K | $433K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 143.81 | +0.073% | $64.4M | $182.5M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 143.85 | +0.097% | $61.4M | $64.1M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 143.86 | +0.104% | $17.2M | $63.4M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 143.77 | +0.042% | $44K | $179K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 144.07 | +0.254% | $58K | $2K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 143.78 | +0.049% | $7.9M | $15.2M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 143.77 | +0.042% | $26.0M | $23.7M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 143.70 | −0.007% | $10.7M | $9.2M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 143.70 | −0.007% | $30.1M | $17.4M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 143.78 | +0.049% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 143.65 | −0.042% | $320K | $691K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 144.28 | +0.394% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 143.82 | +0.074% | $104K | $277K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 143.88 | +0.121% | $451K | $3.7M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 143.90 | +0.132% | $134K | $219K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 143.78 | +0.049% | $128K | $422K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 143.74 | +0.022% | $1K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 143.63 | −0.056% | $5K | $301K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 143.76 | +0.035% | $692K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 143.67 | −0.028% | $4.1M | $3.7M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 143.66 | −0.032% | $918K | $1.7M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 143.69 | −0.010% | $121K | $146 | 10x | as long as short |
| RISEx AAVE/USDC | +0.0195% | 1h | 143.80 | +0.065% | $185K | $236K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 143.85 | +0.097% | $3.4M | $3.5M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0263% / S −0.0420% | 1h | 143.83 | +0.081% | $124K | — | 100x | as long as short |
| Kraken Futures PF_AAVEUSDshort | +0.0267% | 1h | 143.72 | +0.006% | $3.5M | $2.1M | 50x | |
| Coinbase International AAVE-PERP-INTX | +0.0336% | 1h | 144.02 | +0.216% | $783K | $2.8M | 50x | as long as short |
Lighter AAVE
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Binance AAVEUSDT
Bybit AAVEUSDT
OKX AAVE-USDT-SWAP
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
MEXC AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
SoDEX AAVE-USD
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
Aevo AAVE-PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX