Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0125%/8hpaid last 24h −0.015%

Price spread now: SoDEX against Kalshi−0.103%7-day average +0.075% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Kalshi Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$2 on $10k

Price spread, last 3 days (all we have)+0.165%+$17 · spread now −0.103%, 7d avg +0.075%

Together, before fees+0.190%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.178% cheaper against Kalshi than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.075%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXAAVEPERP	144.96	0	get 0.0000% / 8h	23m 33s	$61K	$1.4M	3.4x
Short	SoDEX AAVE-USD	144.81	−0.0125	pay 0.0016% / 1h	23m 33s	$5K	$281K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$26.27
Price spread: −0.103% → +0.075%: −$17.84
Slippage, 4 orders: −$22.81
Fee Kalshi: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$84.92
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from Kalshi: live order book, 4 min ago; SoDEX: live order book, 9 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	3.46 bp	22.4 bp −$22	27.9 bp −$279	doesn't fit	doesn't fit
Sell SoDEX live order book, 9 min ago	0.35 bp	4.9 bp −$5	10.4 bp −$104	95.8 bp −$9,584	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
SoDEX AAVE-USDshort	−0.0125%	1h	144.81	−0.103%	$5K	$281K	10x
01 Exchange AAVEUSD	−0.0032%	1h	144.67	−0.200%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.69	−0.188%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERPlong	0.0000%	8h	144.96	long leg	$61K	$1.4M	3.4x
Phoenix AAVE	0.0000%	1h	144.44	−0.359%	$4K	$92K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.99	+0.021%	$211K	$379K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.08	+0.083%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.519%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.52	−0.301%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0046%	8h	144.53	−0.297%	$18.1M	$63.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0069%	8h	144.94	−0.014%	$18K	$12K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.85	−0.075%	$4.6M	$1.6M	10x	as long as short
Variational Omni AAVE	+0.0099%	8h	144.27	−0.473%	$3.8M	$1.3M	—	as long as short
MEXC AAVE_USDT	+0.0099%	8h	144.50	−0.317%	$33.1M	$24.8M	200x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.54	−0.288%	$65.3M	$173.3M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.58	−0.260%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.97	+0.003%	$826K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.90	−0.043%	$81.3M	$29.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.82	−0.099%	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.63	−0.227%	$337K	$474K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.55	−0.283%	$61.5M	$62.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.72	−0.166%	$61K	$382K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.97	−0.683%	$60K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.55	−0.283%	$7.8M	$14.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.69	−0.186%	$10.3M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.50	−0.317%	$30.0M	$16.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.55	−0.283%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.87	−0.062%	$331K	$592K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.39	−0.395%	$98K	$311K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.35	−0.419%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.50	−0.317%	$134K	$236K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.64	−0.221%	$130K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.80	−0.110%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.93	−0.018%	$713K	$4.7M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.93	−0.021%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.54	−0.293%	$928K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.91	−0.034%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0105%	1h	144.65	−0.214%	$188K	$237K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0208%	1h	144.98	+0.014%	$747K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0210%	1h	144.97	+0.007%	$3.5M	$2.2M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.60	−0.248%	$3.5M	$5.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0451%	1h	145.12	+0.110%	$127K	—	100x	as long as short