AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0161%/8h= −17.7% APRnext payment −$1.61 per $10,000 · paid last 24h −0.058%

Price spread now: Kalshi against BloFin+0.014%7-day average −0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$440.444% of the position

Long on BloFin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.375%−$37 on $10k

Price spread, last 3 days (all we have)−0.151%−$15 · spread now +0.014%, 7d avg −0.096%

Together, before fees−0.526%−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.110% dearer against BloFin than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.096%): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAVE-USDT	145.71	0.0161	pay 0.0161% / 8h	38m 41s	$3.5M	$4.0M	100x
Short	Kalshi KXAAVEPERP	145.73	0	get 0.0000% / 8h	4h 38m	$84K	$1.5M	3.4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BloFin. 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 BloFinbpFee KalshibpOrdersPrice spread, now +0.014%Rate

Funding earned: −$33.89
Price spread: +0.014% → −0.096%: $11.01
Slippage, 4 orders: −$22.36
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$67.24
Costs to cover: 0.444%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Kalshi: live order book, 5 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 BloFin live order book, 5 min ago	0.69 bp	7.4 bp −$7	10.8 bp −$108	29.9 bp −$2,993	doesn't fit
Sell Kalshi live order book, 5 min ago	5.14 bp	19.3 bp −$19	28.8 bp −$288	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
Deribit AAVE_USDC-PERPETUAL	−0.0230%	1h	145.67	−0.027%	$255K	$406K	50x	as long as short
SoDEX AAVE-USD	−0.0058%	1h	145.67	−0.027%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.90	+0.130%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.74	+0.019%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERPshort	0.0000%	8h	145.73	+0.014%	$84K	$1.5M	3.4x
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.78	+0.050%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.74	+0.021%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0008%	1h	145.72	+0.007%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.005%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	145.72	+0.007%	$30.6M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0041%	8h	145.73	+0.014%	$66.4M	$185.8M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.65	−0.039%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.67	−0.027%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	145.72	+0.007%	$17.8M	$67.3M	50x	as long as short
Gate AAVE_USDT	+0.0076%	8h	145.67	−0.027%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.70	−0.005%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.96	+0.168%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.73	+0.011%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.75	+0.024%	$802K	$441K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.85	+0.096%	$80.4M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.76	+0.034%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.77	+0.041%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.74	+0.021%	$62.2M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.74	+0.021%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	+0.117%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.73	+0.014%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.70	−0.007%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.74	+0.021%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.78	+0.048%	$358K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.91	+0.135%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.86	+0.105%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.97	+0.177%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.93	+0.151%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.74	+0.021%	$127K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.68	−0.019%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.75	+0.028%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.70	−0.007%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.64	−0.051%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.78	+0.049%	$185K	$246K	10x	as long as short
BloFin AAVE-USDTlong	+0.0161%	8h	145.71	long leg	$3.5M	$4.0M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.74	+0.019%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.23	+0.357%	$789K	$3.0M	50x	as long as short