AAVE

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 −0.034%

Price spread now: Kalshi against KuCoin−0.049%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on KuCoin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)+0.535%+$53 · spread now −0.049%, 7d avg −0.076%

Together, before fees+0.402%+$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.028% dearer against KuCoin than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.076%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	144.13	0.0100	pay 0.0100% / 8h	5h 56m	$10.8M	$9.2M	75x
Short	Kalshi KXAAVEPERP	144.06	0	get 0.0000% / 8h	1h 56m	$70K	$1.4M	3.4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against KuCoin. 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 KuCoinbpFee KalshibpOrdersPrice spread, now −0.049%Rate

Funding earned: −$21
Price spread: −0.049% → −0.076%: $2.78
Slippage, 4 orders: −$39.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$79.79
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Kalshi: live order book, 1 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 KuCoin live order book, 2 min ago	0.35 bp	16.5 bp −$17	36.4 bp −$364	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	1.39 bp	16.8 bp −$17	24.7 bp −$247	doesn't fit	doesn't fit

AAVE on 41 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	−0.1835%	1h	143.58	−0.382%	$244K	$370K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	143.83	−0.208%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.83	−0.210%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERPshort	0.0000%	8h	144.06	−0.049%	$70K	$1.4M	3.4x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.89	−0.168%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.59	+0.319%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.975%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.77	−0.252%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.83	−0.208%	$18K	$10K	10x	as long as short
SoDEX AAVE-USD	+0.0087%	1h	143.82	−0.215%	$5K	$291K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.29	+0.111%	$17.3M	$63.7M	50x	as long as short
MEXC AAVE_USDT	+0.0091%	8h	144.14	+0.007%	$26.5M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0092%	8h	144.28	+0.104%	$65.1M	$181.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.00	−0.089%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.84	−0.204%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.81	−0.219%	$800K	$414K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.44	+0.215%	$78.2M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.91	−0.153%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.87	−0.178%	$328K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.28	+0.104%	$61.7M	$63.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.87	−0.180%	$44K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.09	−0.028%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	144.13	long leg	$10.8M	$9.2M	75x
Bitget AAVEUSDT	+0.0100%	8h	144.29	+0.111%	$30.0M	$17.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.22	+0.062%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.99	−0.097%	$322K	$717K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.37	+0.166%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.36	+0.163%	$104K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.46	+0.228%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.45	+0.222%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.81	−0.222%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.83	−0.206%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.96	−0.121%	$697K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.82	−0.215%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.045%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.98	−0.103%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.85	−0.192%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.90	−0.163%	$199K	$229K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0257% / S −0.0406%	1h	143.88	−0.174%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.93	−0.139%	$3.4M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.09	−0.028%	$774K	$2.8M	50x	as long as short