Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h +0.031%

Price spread now: RISEx against Kalshi+0.009%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Kalshi Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.009%, 7d avg +0.075%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.066% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.075%). If the spread goes back, that is −$7 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXAAVEPERP	146.56	0	get 0.0000% / 8h	3h 22m	$79K	$1.5M	3.4x
Short	RISEx AAVE/USDC	146.57	0.0107	get 0.0013% / 1h	22m 54s	$185K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.009%Rate

Funding earned: $22.39
Price spread: +0.009% → +0.075%: −$6.6
Slippage, 4 orders: −$21.58
Fee Kalshi: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$21.79
Costs to cover: 0.376%
Break-even: 13.8 days

Slippage from Kalshi: live order book, just now; RISEx: live order book, 50 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, just now	2.39 bp	13.3 bp −$13	20.0 bp −$200	doesn't fit	doesn't fit
Sell RISEx live order book, 50 min ago	0.41 bp	3.4 bp −$3	8.8 bp −$88	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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.74	+0.123%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0152%	1h	146.47	−0.061%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0086%	1h	146.62	+0.041%	$5K	$305K	10x	as long as short
Phemex AAVEUSDT	−0.0076%	8h	146.60	+0.027%	$4.2M	$3.8M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.57	+0.004%	$105K	$4K	10x	as long as short
Kalshi KXAAVEPERPlong	0.0000%	8h	146.56	long leg	$79K	$1.5M	3.4x
Phoenix AAVE	0.0000%	1h	146.78	+0.150%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.67	+0.075%	$256K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.71	+0.102%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0021%	8h	146.58	+0.014%	$29.2M	$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	+0.0022%	8h	146.56	0.000%	$66.4M	$183.7M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.550%	$422	$51K	12x	as long as short
Gate AAVE_USDT	+0.0036%	8h	146.64	+0.055%	$8.0M	$15.3M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.62	+0.043%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	146.62	+0.041%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	146.55	−0.007%	$18.0M	$66.7M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0078%	1h	146.28	−0.191%	$136K	$231K	50x	as long as short
Bybit AAVEUSDT	+0.0080%	8h	146.58	+0.014%	$62.8M	$65.0M	75x	as long as short
BloFin AAVE-USDT	+0.0088%	8h	146.57	+0.007%	$3.5M	$3.5M	100x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.64	+0.055%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.82	+0.175%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.51	−0.035%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.54	−0.010%	$801K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.71	+0.102%	$80.0M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.68	+0.079%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.55	−0.007%	$335K	$502K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.54	−0.014%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.36	−0.139%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.62	+0.041%	$10.4M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.64	+0.055%	$30.4M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.59	+0.020%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.72	+0.109%	$335K	$738K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.55	−0.006%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.59	+0.021%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.62	+0.041%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.76	+0.136%	$127K	$415K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.60	+0.030%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.88	+0.217%	$714K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.53	−0.022%	$938K	$1.7M	50x	as long as short
RISEx AAVE/USDCshort	+0.0107%	1h	146.57	+0.009%	$185K	$246K	10x
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.72	+0.107%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.74	+0.123%	$787K	$2.9M	50x	as long as short