AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.008%

Price spread now: Kalshi against Bybit−0.236%51s7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.455% of the position

Long on Bybit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 3 days (all we have)+0.414%+$41 · spread now −0.236%, 7d avg −0.057%

Together, before fees+0.319%+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.178% cheaper against Bybit than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.057%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	144.35	0.0100	pay 0.0100% / 8h	1h 45m	$61.3M	$65.6M	75x
Short	Kalshi KXAAVEPERP	144.01	0	get 0.0000% / 8h	5h 45m	$67K	$1.5M	3.4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bybit. 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 BybitbpFee KalshibpOrdersPrice spread, now −0.236%Rate

Funding earned: −$21
Price spread: −0.236% → −0.057%: −$17.83
Slippage, 4 orders: −$24.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$84.37
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Kalshi: live order book, 3 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 Bybit live order book, 4 min ago	0.35 bp	7.1 bp −$7	14.2 bp −$142	59.4 bp −$5,940	doesn't fit
Sell Kalshi live order book, 3 min ago	7.64 bp	16.7 bp −$17	25.6 bp −$256	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
01 Exchange AAVEUSD	−0.0184%	1h	144.28	−0.048%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0077%	1h	144.15	−0.139%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	143.99	−0.249%	$5K	$100K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0027%	1h	144.35	0.000%	$253K	$480K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.33	−0.016%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERPshort	0.0000%	8h	144.01	−0.236%	$67K	$1.5M	3.4x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.39	+0.025%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.120%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	144.28	−0.048%	$31.0M	$25.7M	200x	as long as short
Binance AAVEUSDT	+0.0034%	8h	144.34	−0.007%	$65.5M	$185.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.25	−0.067%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.33	−0.017%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0046%	8h	144.33	−0.014%	$17.4M	$66.2M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.33	−0.014%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.29	−0.039%	$3.4M	$2.1M	50x	as long as short
Bulk AAVE-USD	+0.0056%	1h	143.94	−0.284%	$60K	$3K	10x	as long as short
Gate AAVE_USDT	+0.0071%	8h	144.32	−0.021%	$7.8M	$15.8M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0086%	8h	144.06	−0.197%	$455K	$3.8M	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.36	+0.004%	$122K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.42	+0.047%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.32	−0.017%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.27	−0.055%	$799K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.41	+0.042%	$79.2M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.31	−0.027%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.29	−0.044%	$329K	$505K	10x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	144.35	long leg	$61.3M	$65.6M	75x
Arcus AAVE-USD	+0.0100%	1h	144.27	−0.055%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.27	−0.055%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.30	−0.035%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.35	0.000%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.28	−0.048%	$381K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.94	−0.283%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.98	−0.255%	$102K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.17	−0.125%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.38	+0.021%	$126K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.29	−0.039%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.34	−0.007%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.18	−0.118%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.21	−0.098%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0136%	8h	143.85	−0.346%	$3.4M	$4.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.39	+0.025%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.381%	$772K	$3.0M	50x	as long as short