Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against Arcus+0.062%50s7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.308% of the position

Long on Arcus Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now +0.062%, 7d avg +0.037%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.025% dearer against Arcus than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.037%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	146.12	0.0100	pay 0.0013% / 1h	42m 37s	$46K	$278K	10x
Short	Polymarket Perps AAVE-USD	146.21	0.0100	get 0.0013% / 1h	42m 37s	$128K	$445K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Arcus. 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 ArcusbpFee Polymarket PerpsbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → +0.037%: $2.46
Slippage, 4 orders: −$18.33
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$28.37
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Arcus: live order book, 31 min ago; Polymarket Perps: live order book, 30 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 Arcus live order book, 31 min ago	2.05 bp	8.3 bp −$8	23.8 bp −$238	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 30 min ago	1.37 bp	8.8 bp −$9	9.6 bp −$96	25.7 bp −$2,574	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
Phemex AAVEUSDT	−0.0256%	8h	146.24	+0.082%	$4.2M	$3.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.32	+0.135%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	146.15	+0.021%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0061%	1h	146.21	+0.062%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	+0.047%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.21	+0.062%	$79K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.81	−0.212%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.30	+0.123%	$255K	$373K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.28	+0.109%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	146.05	−0.048%	$29.3M	$25.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0025%	8h	146.07	−0.034%	$66.2M	$186.9M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.269%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.13	+0.005%	—	—	20x	as long as short
ApeX Omni AAVEUSDT	+0.0049%	1h	145.80	−0.219%	$136K	$230K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	146.21	+0.062%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	146.09	−0.021%	$17.9M	$67.3M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.25	+0.089%	$124K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0093%	8h	145.86	−0.178%	$457K	$3.9M	10x	as long as short
BloFin AAVE-USDT	+0.0095%	8h	146.22	+0.068%	$3.5M	$4.1M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.26	+0.093%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.07	−0.036%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.19	+0.051%	$799K	$448K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.15	+0.021%	$79.7M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.18	+0.041%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.07	−0.034%	$333K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.09	−0.021%	$62.4M	$65.7M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	146.12	long leg	$46K	$278K	10x
Bulk AAVE-USD	+0.0100%	1h	146.05	−0.048%	$61K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	146.11	−0.007%	$7.9M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.07	−0.034%	$10.1M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.06	−0.041%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.09	−0.021%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.28	+0.109%	$347K	$734K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.63	−0.334%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.74	−0.258%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	146.21	+0.062%	$128K	$445K	10x
SunX AAVE-USDT	+0.0100%	8h	146.12	+0.003%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.229%	$699K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.05	−0.045%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.15	+0.020%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	146.28	+0.106%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.08	−0.027%	$786K	$3.1M	50x	as long as short