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: Pacifica against Kalshi+0.021%7-day average +0.076% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Kalshi Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now +0.021%, 7d avg +0.076%

Together, before fees−0.004%+ Points / potential airdropPacifica: Active · farm board$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.055% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.076%). If the spread goes back, that is −$5 on $10k: about 44 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	141.07	0	get 0.0000% / 8h	4h 18m	$45K	$1.4M	3.4x
Short	Pacifica AAVE	141.10	0.0100	get 0.0013% / 1h	18m 56s	$328K	$391K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.021%Rate

Funding earned: $21
Price spread: +0.021% → +0.076%: −$5.49
Slippage, 4 orders: −$26.31
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$28.8
Costs to cover: 0.443%
Break-even: 16.6 days

Slippage from Kalshi: live order book, 4 min ago; Pacifica: live order book, 19 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	8.51 bp	16.6 bp −$17	25.8 bp −$258	doesn't fit	doesn't fit
Sell Pacifica live order book, 19 min ago	1.41 bp	5.8 bp −$6	doesn't fit	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	141.08	+0.004%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERPlong	0.0000%	8h	141.07	long leg	$45K	$1.4M	3.4x
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.25	+0.128%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.25	+0.125%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.913%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.17	+0.073%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	141.20	+0.092%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.42	+0.251%	$4.5M	$2.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.04	−0.024%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.17	+0.071%	$826K	$399K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	141.34	+0.191%	$77.2M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.20	+0.092%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	141.10	+0.021%	$328K	$391K	10x
Binance AAVEUSDT	+0.0100%	8h	141.14	+0.050%	$63.4M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.14	+0.050%	$60.7M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.12	+0.035%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.25	+0.128%	$91K	$221K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.19	+0.085%	$8.0M	$16.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.15	+0.057%	$22.7M	$24.3M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.18	+0.078%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.20	+0.092%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.15	+0.057%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.89	−0.127%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.92	−0.109%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.02	−0.034%	$444K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.98	−0.064%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.26	+0.135%	$133K	$483K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.24	+0.118%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.23	+0.113%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.31	+0.169%	$667K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.23	+0.113%	$3.9M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.18	+0.078%	$163K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.08	+0.009%	$910K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.27	+0.142%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.26	+0.134%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.08	+0.007%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.21	+0.099%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.21	+0.102%	$189K	$292K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0250%	1h	141.36	+0.206%	$384K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.25	+0.125%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.10	+0.021%	$751K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0271%	1h	141.31	+0.169%	$3.4M	$2.1M	50x	as long as short