Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.009%

Price spread now: 01 Exchange against Kalshi−0.007%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXAAVEPERP	141.85	0	get 0.0000% / 8h	4h 40m	$48K	$1.4M	3.4x
Short	01 Exchange AAVEUSD	141.84	0.0104	get 0.0013% / 1h	40m 12s	$10K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.007%Rate

Funding earned: $21.84
Price spread: −0.007% → 0.000%: −$0.7
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $4.14
Costs to cover: 0.170%
Break-even: 5.7 days

Slippage unknown: Kalshi: live order book, 3 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 3 min ago	6.69 bp	15.2 bp −$15	23.3 bp −$233	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0032%	1h	141.76	−0.063%	$214K	$392K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.85	−0.002%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERPlong	0.0000%	8h	141.85	long leg	$48K	$1.4M	3.4x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.81	−0.026%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.447%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.67	−0.126%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	141.75	−0.070%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.91	+0.045%	$4.5M	$2.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.80	−0.039%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.83	−0.014%	$827K	$394K	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	141.86	+0.007%	$77.7M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.78	−0.046%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.88	+0.019%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.70	−0.106%	$63.5M	$189.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.68	−0.120%	$61.2M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.71	−0.099%	$17.0M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.88	+0.021%	$63K	$193K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.93	+0.056%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.72	−0.092%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.70	−0.106%	$23.6M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.74	−0.078%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.77	−0.056%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.76	−0.063%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.88	+0.019%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.98	+0.089%	$108K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.08	+0.163%	$452K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.02	+0.120%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.84	−0.007%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.95	+0.071%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.71	−0.099%	$5K	$286K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.13	+0.195%	$672K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.70	−0.106%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.70	−0.108%	$915K	$1.7M	50x	as long as short
01 Exchange AAVEUSDshort	+0.0104%	1h	141.84	−0.007%	$10K	$2K	5x
Aevo AAVE-PERP	+0.0104%	1h	141.80	−0.035%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	142.06	+0.148%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.93	+0.056%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.85	−0.001%	$187K	$276K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.79	−0.040%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	142.03	+0.127%	$754K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0270%	1h	141.80	−0.034%	$3.4M	$2.1M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0326%	1h	141.84	−0.007%	$387K	$728K	10x	as long as short