Settings8H · net · $10k
Funding arb · Price arb /

AAVE

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SwapBacktest
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 −0.041%
Price spread now: Kalshi against Paradex−0.047%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.047% cheaper against Paradex than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex AAVE-USD-PERP146.060.0100pay 0.0100% / 8h7h 36m$14K$4K20x
ShortKalshi KXAAVEPERP145.990get 0.0000% / 8h3h 36m$77K$1.5M3.4x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against Paradex. 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

Funding earned
−$20.92
Price spread: −0.047% → 0.000%
−$4.73
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$39.65
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; Kalshi: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Kalshi live order book, 2 min ago7.54 bp18.3 bp −$1825.6 bp −$256doesn't fitdoesn't fit
Paradex: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_AAVEUSD−0.0184%1h146.23+0.115%$3.5M$2.1M50xas long as short
01 Exchange AAVEUSD−0.0136%1h145.98−0.054%$11K$2K5xas long as short
SoDEX AAVE-USD−0.0088%1h146.09+0.021%$5K$305K10xas long as short
dYdX AAVE-USD0.0000%1h146.16+0.068%$104K$4K10xas long as short
Kalshi KXAAVEPERPshort0.0000%8h145.99−0.047%$77K$1.5M3.4x
Phoenix AAVE0.0000%1h145.87−0.129%$5K$102K10xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h146.15+0.062%$255K$369K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h146.10+0.029%$71K150xas long as short
MEXC AAVE_USDT+0.0022%8h146.01−0.034%$29.2M$25.8M200xas long as short
Binance AAVEUSDT+0.0022%8h145.97−0.064%$66.1M$185.7M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex AAVEUSDT+0.0033%8h146.08+0.014%$4.2M$3.8M50xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.230%$422$51K12xas long as short
ApeX Omni AAVEUSDT+0.0044%1h145.86−0.136%$136K$230K50xas long as short
Reya AAVERUSDPERP+0.0044%1h146.01−0.035%20xas long as short
Orderly PERP_AAVE_USDC+0.0048%8h146.06+0.001%$18K$10K10xas long as short
OKX AAVE-USDT-SWAP+0.0063%8h146.00−0.040%$17.9M$66.9M50xas long as short
GRVT AAVE_USDT_Perp+0.0069%8h145.92−0.095%$462K$3.9M10xas long as short
Bybit AAVEUSDT+0.0088%8h145.93−0.088%$62.4M$65.4M75xas long as short
Aevo AAVE-PERP+0.0088%1h146.12+0.038%$123K$14610xas long as short
BloFin AAVE-USDT+0.0088%8h146.01−0.034%$3.5M$4.1M100xas long as short
Gate AAVE_USDT+0.0095%8h146.00−0.040%$7.9M$15.2M75xas long as short
Lighter AAVE+0.0096%1h146.27+0.144%$4.7M$1.5M10xas long as short
Paradex AAVE-USD-PERPlong+0.0100%8h146.06long leg$14K$4K20x
Nado AAVE-PERP+0.0100%1h145.92−0.095%$798K$445K10xas long as short
Hyperliquid AAVE+0.0100%1h146.16+0.069%$79.7M$35.3M10xas long as short
Aster AAVEUSDT+0.0100%8h146.09+0.018%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h146.06+0.002%$333K$503K10xas long as short
Arcus AAVE-USD+0.0100%1h146.03−0.020%$46K$278K10xas long as short
Bulk AAVE-USD+0.0100%1h145.72−0.232%$61K−$010xas long as short
KuCoin AAVEUSDTM+0.0100%8h146.10+0.028%$10.0M$8.8M75xas long as short
Bitget AAVEUSDT+0.0100%8h145.98−0.054%$30.3M$18.0M75xas long as short
BingX AAVE-USDT+0.0100%8h146.01−0.034%$44.1Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h146.21+0.103%$333K$741K10xas long as short
Variational Omni AAVE+0.0100%8h146.08+0.016%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h145.87−0.128%$105K$317K20xas long as short
Polymarket Perps AAVE-USD+0.0100%1h146.10+0.028%$128K$428K10xas long as short
SunX AAVE-USDT+0.0100%8h145.98−0.051%$2K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h146.22+0.112%$710K$5.2M75xas long as short
Extended AAVE-USD+0.0104%1h145.96−0.065%$932K$1.7M50xas long as short
RISEx AAVE/USDC+0.0107%1h146.05−0.006%$185K$246K10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0269% / S −0.0449%1h146.12+0.041%$128K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0296%1h146.14+0.055%$786K$3.1M50xas long as short