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: Bybit against Kalshi−0.097%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$430.428% of the position

Long on Kalshi Short on Bybit

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)−0.160%−$16 · spread now −0.097%, 7d avg +0.057%

Together, before fees−0.065%−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.155% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of +0.057%). If the spread goes back, that is −$15 on $10k: about 5.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.096% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXAAVEPERP	143.69	0	get 0.0000% / 8h	5h 59m	$67K	$1.5M	3.4x
Short	Bybit AAVEUSDT	143.55	0.0100	get 0.0100% / 8h	1h 59m	$61.0M	$65.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.097%Rate

Funding earned: $21
Price spread: −0.097% → +0.057%: −$15.48
Slippage, 4 orders: −$21.82
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$37.3
Costs to cover: 0.428%
Break-even: 19.4 days

Slippage from Kalshi: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago	3.49 bp	8.5 bp −$8	17.8 bp −$178	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.35 bp	6.7 bp −$7	14.0 bp −$140	57.6 bp −$5,760	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	−0.0446%	1h	143.64	−0.035%	$252K	$489K	50x	as long as short
SoDEX AAVE-USD	−0.0161%	1h	143.56	−0.090%	$5K	$298K	10x	as long as short
01 Exchange AAVEUSD	−0.0112%	1h	143.44	−0.174%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	143.51	−0.125%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.63	−0.039%	$102K	$5K	10x	as long as short
Kalshi KXAAVEPERPlong	0.0000%	8h	143.69	long leg	$67K	$1.5M	3.4x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.68	−0.004%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.69	+0.003%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.684%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0043%	8h	143.53	−0.111%	$65.2M	$185.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0043%	8h	143.53	−0.111%	$31.0M	$26.6M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.58	−0.078%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	143.58	−0.077%	$18K	$12K	10x	as long as short
Bulk AAVE-USD	+0.0049%	1h	143.56	−0.090%	$60K	$3K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	143.53	−0.111%	$17.3M	$66.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0058%	1h	143.62	−0.049%	$134K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0062%	8h	143.56	−0.090%	$7.7M	$16.0M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	143.63	−0.043%	$121K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	143.60	−0.062%	$449K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.73	+0.030%	$4.6M	$1.7M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	143.55	−0.100%	$179K	$246K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.45	−0.164%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.47	−0.153%	$794K	$438K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.66	−0.021%	$78.8M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.59	−0.067%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.49	−0.136%	$327K	$505K	10x	as long as short
Bybit AAVEUSDTshort	+0.0100%	8h	143.55	−0.097%	$61.0M	$65.7M	75x
Arcus AAVE-USD	+0.0100%	1h	143.49	−0.139%	$50K	$274K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.54	−0.104%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.50	−0.132%	$29.9M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.56	−0.090%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.69	0.000%	$379K	$710K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.65	−0.029%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.15	−0.379%	$101K	$315K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.53	−0.111%	$125K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.57	−0.081%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.70	+0.007%	$714K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.60	−0.063%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.51	−0.127%	$919K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0164%	8h	143.64	−0.035%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	143.80	+0.077%	$772K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.68	−0.010%	$123K	—	100x	as long as short