Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.041%

Price spread now: edgeX against Kalshi+0.005%79s7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$480.478% of the position

Long on Kalshi Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.005%, 7d avg +0.063%

Together, before fees+0.197%+ Points / potential airdropedgeX: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.058% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.063%). If the spread goes back, that is −$6 on $10k: about 46 hours of funding at the current rate (+$3 a day). The two prices were read 79 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	Kalshi KXAAVEPERP	143.94	0	get 0.0000% / 8h	6h 03m	$47K	$1.5M	3.4x
Short	edgeX AAVEUSDC	143.95	0.0100	get 0.0050% / 4h	2h 03m	$107K	$282K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Kalshi. 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 KalshibpFee edgeXbpOrdersPrice spread, now +0.005%Rate

Funding earned: $21
Price spread: +0.005% → +0.063%: −$5.79
Slippage, 4 orders: −$28.79
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$32.59
Costs to cover: 0.478%
Break-even: 17.9 days

Slippage from Kalshi: live order book, 4 min ago; edgeX: live order book, 44 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 Kalshi live order book, 4 min ago	1.74 bp	17.2 bp −$17	23.1 bp −$231	doesn't fit	doesn't fit
Sell edgeX live order book, 44 min ago	3.49 bp	8.0 bp −$8	12.4 bp −$124	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
dYdX AAVE-USD	0.0000%	1h	143.93	−0.010%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERPlong	0.0000%	8h	143.94	long leg	$47K	$1.5M	3.4x
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.94	0.000%	$219K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.96	+0.015%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0028%	1h	143.88	−0.038%	$835K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.849%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.90	−0.028%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0073%	8h	143.95	+0.007%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.93	−0.009%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.90	−0.025%	$1.2M	$1.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AAVE	+0.0100%	1h	143.94	+0.002%	$328K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.84	−0.069%	$64.7M	$191.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.83	−0.076%	$61.9M	$68.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.79	−0.104%	$17.3M	$65.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.07	+0.090%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.85	−0.064%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.86	−0.056%	$8.0M	$16.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.85	−0.063%	$25.0M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.89	−0.035%	$10.4M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.83	−0.076%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.84	−0.069%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	144.00	+0.042%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	143.95	+0.005%	$107K	$282K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.98	+0.030%	$455K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.90	−0.028%	$134K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.02	+0.056%	$143K	$469K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.94	+0.003%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.89	−0.035%	$5K	$314K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.02	+0.054%	$683K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.94	0.000%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.78	−0.108%	$915K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.97	+0.024%	$122K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	144.05	+0.076%	$4K	$106K	10x	as long as short
01 Exchange AAVEUSD	+0.0128%	1h	144.06	+0.083%	$11K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0159%	1h	144.07	+0.090%	$78.7M	$37.2M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0173%	1h	144.00	+0.042%	$341K	$727K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	144.04	+0.070%	$200K	$262K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.04	+0.069%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0235%	1h	143.99	+0.034%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0248%	1h	144.10	+0.113%	$4.6M	$2.5M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.96	+0.017%	$113K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	144.04	+0.069%	$769K	$2.9M	50x	as long as short