Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.020%

Price spread now: Polymarket Perps against Binance+0.347%46s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

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

costs, in and out, $10k−$290.288% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 3 days (all we have)+0.074%+$7 · spread now +0.347%, 7d avg +0.042%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Polymarket Perps is 0.304% dearer against Binance than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.042%. The two prices were read 46 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	Binance AAVEUSDT	145.26	0.0086	pay 0.0086% / 8h	2h 57m	$66.0M	$180.8M	75x
Short	Polymarket Perps AAVE-USD	145.76	0.0100	get 0.0013% / 1h	57m 44s	$128K	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.347%Rate

Funding earned: $2.89
Price spread: +0.347% → +0.042%: $30.44
Slippage, 4 orders: −$10.83
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $4.5
Costs to cover: 0.288%
Break-even: from the start

Slippage from Binance: live order book, 16 min ago; Polymarket Perps: live order book, 29 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 Binance live order book, 16 min ago	0.34 bp	8.4 bp −$8	15.5 bp −$155	38.1 bp −$3,813	177.9 bp −$88.9K
Sell Polymarket Perps live order book, 29 min ago	2.36 bp	7.7 bp −$8	9.0 bp −$90	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
Deribit AAVE_USDC-PERPETUAL	−0.4696%	1h	144.85	−0.280%	$231K	$462K	50x	as long as short
SoDEX AAVE-USD	−0.0298%	1h	145.42	+0.113%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.69	+0.299%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0039%	1h	145.99	+0.505%	$4K	$95K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.36	+0.070%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.56	+0.209%	$69K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.69	+0.295%	$71K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.58	+0.220%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.711%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.59	+0.228%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0055%	8h	145.23	−0.018%	$17.8M	$65.4M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0059%	1h	146.32	+0.732%	$136K	$229K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0061%	8h	145.55	+0.202%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0083%	8h	145.34	+0.058%	$7.8M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0086%	8h	145.24	−0.011%	$32.6M	$25.9M	200x	as long as short
Binance AAVEUSDTlong	+0.0086%	8h	145.26	long leg	$66.0M	$180.8M	75x
Lighter AAVE	+0.0096%	1h	145.55	+0.203%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.68	+0.293%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.26	+0.006%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.58	+0.223%	$817K	$441K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.48	+0.154%	$81.4M	$32.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.33	+0.048%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.36	+0.074%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.28	+0.016%	$62.1M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.61	+0.244%	$51K	$299K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.680%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.35	+0.065%	$10.1M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.30	+0.030%	$29.7M	$17.7M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.39	+0.092%	—	$44.3M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.44	+0.127%	$345K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.813%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.30	+0.718%	$101K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.29	+0.712%	$463K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	145.76	+0.347%	$128K	$468K	10x
SunX AAVE-USDT	+0.0100%	8h	145.54	+0.193%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.73	+0.325%	$743K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.47	+0.147%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.30	+0.029%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.58	+0.223%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0208%	8h	145.63	+0.257%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.72	+0.319%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0274% / S −0.0485%	1h	145.66	+0.278%	$135K	—	100x	as long as short