Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.041%

Price spread now: Pacifica against Kalshi+0.040%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on Kalshi Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$19 on $10k

Price spread, last 4 days (all we have)−0.225%−$23 · spread now +0.040%, 7d avg +0.077%

Together, before fees−0.040%+ Points / potential airdropPacifica: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.037% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.077%). If the spread goes back, that is −$4 on $10k: about 30 hours 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	142.16	0	get 0.0000% / 8h	6h 23m	$49K	$1.5M	3.4x
Short	Pacifica AAVE	142.22	0.0100	get 0.0013% / 1h	23m 14s	$325K	$447K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.040%Rate

Funding earned: $21
Price spread: +0.040% → +0.077%: −$3.7
Slippage, 4 orders: −$32.03
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$32.73
Costs to cover: 0.500%
Break-even: 17.9 days

Slippage from Kalshi: live order book, 5 min ago; Pacifica: live order book, 25 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, 5 min ago	9.16 bp	18.4 bp −$18	24.8 bp −$248	doesn't fit	doesn't fit
Sell Pacifica live order book, 25 min ago	3.48 bp	8.5 bp −$8	doesn't fit	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	142.21	+0.034%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERPlong	0.0000%	8h	142.16	long leg	$49K	$1.5M	3.4x
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.20	+0.028%	$216K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.19	+0.021%	$79K	—	150x	as long as short
Nado AAVE-PERP	+0.0031%	1h	142.10	−0.039%	$832K	$403K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.658%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.06	−0.073%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0069%	8h	142.22	+0.042%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.17	+0.005%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.24	+0.056%	$77.7M	$37.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	142.14	−0.016%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	142.22	+0.040%	$325K	$447K	10x
Binance AAVEUSDT	+0.0100%	8h	142.17	+0.007%	$63.8M	$190.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.16	0.000%	$60.9M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.16	0.000%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.23	+0.049%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.34	+0.125%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.09	−0.049%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.10	−0.042%	$25.0M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.15	−0.007%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.14	−0.014%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.14	−0.014%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.03	−0.090%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.94	−0.155%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.34	+0.127%	$454K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.04	−0.084%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.16	0.000%	$140K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.12	−0.028%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.22	+0.042%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.71	+0.390%	$682K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.23	+0.049%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.15	−0.010%	$901K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.18	+0.014%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.22	+0.041%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.01	−0.106%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0144%	1h	142.40	+0.169%	$338K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.19	+0.022%	$190K	$253K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.17	+0.007%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.30	+0.101%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.16	−0.001%	$111K	—	100x	as long as short
Lighter AAVE	+0.0264%	1h	142.42	+0.186%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.17	+0.007%	$758K	$2.8M	50x	as long as short