AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.037%

Price spread now: Gate against Kalshi0.000%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on Kalshi Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$13 on $10k

Price spread, last 7 days+0.127%+$13 · spread now 0.000%, 7d avg +0.052%

Together, before fees+0.262%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.052% cheaper against Kalshi than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.052%). If the spread goes back, that is −$5 on $10k: about 41 hours 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	141.61	0	get 0.0000% / 8h	1h 53m	$45K	$1.3M	3.4x
Short	Gate AAVE_USDT	141.61	0.0100	get 0.0100% / 8h	5h 53m	$8.2M	$13.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → +0.052%: −$5.18
Slippage, 4 orders: −$36.13
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.31
Costs to cover: 0.611%
Break-even: 22.1 days

Slippage from Kalshi: live order book, 2 min ago; Gate: live order book, 3 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, 2 min ago	7.41 bp	12.4 bp −$12	20.4 bp −$204	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.41 bp	15.7 bp −$16	26.0 bp −$260	46.2 bp −$4,619	53.1 bp −$26.5K

AAVE on 42 exchanges

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	−0.0174%	1h	141.59	−0.014%	$208K	$323K	50x	as long as short
SoDEX AAVE-USD	−0.0169%	1h	141.55	−0.042%	$7K	$242K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.61	−0.001%	$102K	$6K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	141.62	+0.007%	$10K	$1K	5x	as long as short
Kalshi KXAAVEPERPlong	0.0000%	8h	141.61	long leg	$45K	$1.3M	3.4x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.60	−0.006%	$79K	—	150x	as long as short
Bybit AAVEUSDT	+0.0020%	8h	141.51	−0.071%	$61.2M	$59.6M	75x	as long as short
Phemex AAVEUSDT	+0.0023%	8h	141.50	−0.078%	$3.9M	$3.6M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.284%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0041%	1h	141.82	+0.148%	$132K	$221K	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	141.56	−0.038%	—	—	20x	as long as short
Phoenix AAVE	+0.0062%	1h	141.94	+0.233%	$4K	$81K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0086%	8h	141.54	−0.049%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.75	+0.098%	$4.6M	$2.2M	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.67	+0.042%	$3.7M	$692K	—	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.56	−0.036%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.59	−0.018%	$814K	$309K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.71	+0.071%	$77.8M	$27.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.68	+0.049%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.63	+0.011%	$345K	$312K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.54	−0.048%	$63.7M	$162.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.53	−0.056%	$16.3M	$52.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.73	+0.085%	$94K	$205K	10x	as long as short
Gate AAVE_USDTshort	+0.0100%	8h	141.61	0.000%	$8.2M	$13.5M	75x
MEXC AAVE_USDT	+0.0100%	8h	141.59	−0.014%	$21.9M	$21.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.58	−0.021%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.57	−0.028%	$29.2M	$15.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.58	−0.021%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.69	+0.056%	$388K	$601K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.78	+0.119%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.84	+0.163%	$453K	$3.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.64	+0.021%	$134K	$370K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.59	−0.012%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.09	+0.340%	$659K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.78	+0.120%	$164K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.57	−0.031%	$913K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.57	−0.025%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	141.66	+0.033%	$172K	$206K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.69	+0.056%	$3.3M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	141.87	+0.184%	$752K	$2.2M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.59	−0.011%	$110K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0306%	1h	141.66	+0.036%	$3.5M	$1.9M	50x	as long as short