AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.52 per $10,000 · paid last 24h −0.018%

Price spread now: Kalshi against Orderly+0.111%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 5 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 pays, funding is against you. Kalshi is 0.111% dearer against Orderly than usual: you sell high and buy low (spread +0.111% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AAVE_USDC	144.42	0.0052	pay 0.0052% / 8h	2h 23m	$18K	$12K	10x
Short	Kalshi KXAAVEPERP	144.58	0	get 0.0000% / 8h	6h 23m	$71K	$1.5M	3.4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Orderly. 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 OrderlybpFee KalshibpOrdersPrice spread, now +0.111%Rate

Funding earned: −$10.94
Price spread: +0.111% → 0.000%: $11.08
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$15.86
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 5 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 5 min ago	0.35 bp	10.8 bp −$11	18.0 bp −$180	doesn't fit	doesn't fit

Orderly: 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	−0.0511%	1h	144.45	+0.021%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0191%	1h	144.41	−0.007%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	144.44	+0.014%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.80	+0.263%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.47	+0.035%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERPshort	0.0000%	8h	144.58	+0.111%	$71K	$1.5M	3.4x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.50	+0.057%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.58	+0.108%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.165%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.36	−0.039%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0047%	1h	144.75	+0.229%	$135K	$229K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.41	−0.007%	$17.4M	$66.0M	50x	as long as short
Orderly PERP_AAVE_USDClong	+0.0052%	8h	144.42	long leg	$18K	$12K	10x
Gate AAVE_USDT	+0.0053%	8h	144.41	−0.007%	$7.7M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0056%	8h	144.37	−0.035%	$31.4M	$26.3M	200x	as long as short
Binance AAVEUSDT	+0.0056%	8h	144.37	−0.032%	$65.8M	$184.3M	75x	as long as short
Nado AAVE-PERP	+0.0089%	1h	144.39	−0.017%	$801K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.76	+0.234%	$456K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.59	+0.120%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.46	+0.031%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.46	+0.029%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.42	−0.002%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.54	+0.083%	$80.3M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.52	+0.072%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.45	+0.021%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.42	0.000%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.41	−0.007%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.085%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.43	+0.007%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.37	−0.035%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.39	−0.021%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.53	+0.076%	$377K	$704K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.87	+0.312%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.67	+0.175%	$101K	$312K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.47	+0.035%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.41	−0.007%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.64	+0.150%	$720K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.46	+0.028%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.39	−0.022%	$932K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0179%	8h	144.65	+0.159%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.042%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.50	+0.058%	$124K	—	100x	as long as short