Funding you earn now, next payment 07:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.011%
Price spread now: Kraken Futures against Kalshi+0.001%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$590.590% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 4 days (all we have)+0.239%+$24 · spread now +0.001%, 7d avg +0.113%
=Funding pays, the price is against you. Kraken Futures is 0.112% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.113%). If the spread goes back, that is −$11 on $10k: about 28 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.058% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXAAVEPERP | 142.59 | 0 | get 0.0000% / 8h | 5h 43m | $51K | $1.5M | 3.4x |
| Short | Kraken Futures PF_AAVEUSD | 142.59 | 0.0316 | get 0.0040% / 1h | 43m 38s | $3.4M | $2.1M | 50x |
Kalshi KXAAVEPERP
Kraken Futures PF_AAVEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Kalshi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $66.4
- Price spread: +0.001% → +0.113%
- −$11.2
- Slippage, 4 orders
- −$39.02
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$3.82
- Costs to cover
- 0.590%
- Break-even
- 7.4 days
Slippage from Kalshi: live order book, 5 min ago; Kraken Futures: live order book, 5 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, 5 min ago | 1.75 bp | 6.8 bp −$7 | 15.2 bp −$152 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 4.90 bp | 14.2 bp −$14 | 19.2 bp −$192 | 132.9 bp −$13.3K | 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 | 142.51 | −0.059% | $102K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERPlong | 0.0000% | 8h | 142.59 | long leg | $51K | $1.5M | 3.4x | |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 142.48 | −0.077% | $217K | $396K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 142.55 | −0.027% | $80K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −3.948% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 142.49 | −0.068% | — | — | 20x | as long as short |
| Nado AAVE-PERP | +0.0059% | 1h | 142.56 | −0.018% | $827K | $401K | 10x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0077% | 8h | 142.47 | −0.084% | $18K | $10K | 10x | as long as short |
| Phoenix AAVE | +0.0089% | 1h | 143.30 | +0.498% | $4K | $108K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 142.53 | −0.041% | $4.5M | $2.4M | 10x | as long as short |
dYdX AAVE-USD
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Nado AAVE-PERP
Orderly PERP_AAVE_USDC
Phoenix AAVE
Lighter AAVEShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 142.39 | −0.142% | $13K | $4K | 20x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 142.51 | −0.055% | $1.2M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 142.49 | −0.070% | $325K | $449K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 142.48 | −0.074% | $64.2M | $192.1M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 142.54 | −0.035% | $61.3M | $68.4M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 142.56 | −0.021% | $17.0M | $65.5M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 142.60 | +0.007% | $64K | $197K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 142.88 | +0.206% | $58K | −$0 | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 142.53 | −0.042% | $8.0M | $15.9M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 142.54 | −0.035% | $25.0M | $24.0M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 142.49 | −0.070% | $10.2M | $9.5M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 142.51 | −0.056% | $29.1M | $18.4M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 142.53 | −0.042% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 142.54 | −0.035% | $335K | $723K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 142.34 | −0.175% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 142.55 | −0.026% | $107K | $283K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.76 | +0.118% | $452K | $3.9M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 142.70 | +0.077% | $133K | $223K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 142.61 | +0.014% | $141K | $471K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 142.47 | −0.086% | $1K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 142.47 | −0.084% | $5K | $311K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 142.82 | +0.161% | $678K | $5.3M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 142.49 | −0.070% | $4.0M | $3.6M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 142.52 | −0.047% | $906K | $1.7M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 142.50 | −0.063% | $120K | $146 | 10x | as long as short |
| 01 Exchange AAVEUSD | +0.0136% | 1h | 142.55 | −0.028% | $10K | $2K | 5x | as long as short |
| Hyperliquid AAVE | +0.0200% | 1h | 142.59 | 0.000% | $78.0M | $37.3M | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 142.77 | +0.126% | $3.3M | $3.6M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0252% / S −0.0362% | 1h | 142.54 | −0.034% | $111K | — | 100x | as long as short |
| RISEx AAVE/USDC | +0.0256% | 1h | 142.55 | −0.030% | $195K | $262K | 10x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 142.70 | +0.077% | $756K | $2.9M | 50x | as long as short |
| Kraken Futures PF_AAVEUSDshort | +0.0316% | 1h | 142.59 | +0.001% | $3.4M | $2.1M | 50x |
Paradex AAVE-USD-PERP
Aster AAVEUSDT
Pacifica AAVE
Binance AAVEUSDT
Bybit AAVEUSDT
OKX AAVE-USDT-SWAP
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
MEXC AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
SoDEX AAVE-USD
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
Aevo AAVE-PERP
01 Exchange AAVEUSD
Hyperliquid AAVE
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
RISEx AAVE/USDC
Coinbase International AAVE-PERP-INTX