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−0.036%7-day average +0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

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

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)+0.029%+$3 · spread now −0.036%, 7d avg +0.065%

Together, before fees+0.250%+ Points / potential airdropedgeX: Active · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.101% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.065%). If the spread goes back, that is −$10 on $10k: about 3.4 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	142.17	0	get 0.0000% / 8h	5h 28m	$50K	$1.4M	3.4x
Short	edgeX AAVEUSDC	142.12	0.0100	get 0.0050% / 4h	1h 28m	$107K	$284K	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 −0.036%Rate

Funding earned: $21
Price spread: −0.036% → +0.065%: −$10.1
Slippage, 4 orders: −$28.77
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$36.87
Costs to cover: 0.478%
Break-even: 19.3 days

Slippage from Kalshi: live order book, 4 min ago; edgeX: live order book, 14 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	5.98 bp	11.0 bp −$11	19.5 bp −$195	doesn't fit	doesn't fit
Sell edgeX live order book, 14 min ago	3.51 bp	8.1 bp −$8	11.7 bp −$117	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	142.27	+0.068%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERPlong	0.0000%	8h	142.17	long leg	$50K	$1.4M	3.4x
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.13	−0.028%	$216K	$397K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.19	+0.012%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.665%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.06	−0.076%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0055%	1h	142.20	+0.021%	$826K	$389K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0079%	8h	142.11	−0.042%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.30	+0.091%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.19	+0.017%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.20	+0.022%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.12	−0.034%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.23	+0.044%	$325K	$385K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.03	−0.098%	$63.9M	$189.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.00	−0.120%	$61.2M	$67.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.96	−0.148%	$16.9M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.34	+0.120%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.07	−0.067%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.09	−0.056%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.07	−0.070%	$24.6M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.08	−0.063%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.03	−0.098%	$29.0M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.09	−0.056%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.20	+0.021%	$374K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.15	−0.014%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	142.12	−0.036%	$107K	$284K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.24	+0.051%	$447K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.20	+0.021%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.24	+0.049%	$141K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.10	−0.051%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.09	−0.056%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.31	+0.099%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.16	−0.007%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.01	−0.115%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.16	−0.005%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.25	+0.056%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0175%	1h	142.21	+0.028%	$77.8M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.06	−0.077%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.20	+0.022%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.19	+0.012%	$193K	$263K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.33	+0.113%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.19	+0.017%	$3.4M	$2.1M	50x	as long as short