Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against Bulk+0.011%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bulk Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk AAVE-USD	144.33	0.0100	pay 0.0013% / 1h	14m 28s	$61K	$3K	10x
Short	Polymarket Perps AAVE-USD	144.35	0.0100	get 0.0013% / 1h	14m 28s	$126K	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bulk. 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 BulkbpFee Polymarket PerpsbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → 0.000%: $1.06
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$13.94
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bulk: no order-book sample; Polymarket Perps: live order book, 8 min ago. Net counts fees only.

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 Bulk no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 8 min ago	2.77 bp	6.8 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit

Bulk: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0165%	1h	144.37	+0.024%	$254K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0161%	1h	144.33	−0.003%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0112%	1h	144.29	−0.031%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.27	−0.045%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.28	−0.036%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.24	−0.066%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.35	+0.009%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.48	+0.098%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.109%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.26	−0.049%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0049%	8h	144.26	−0.052%	$31.3M	$26.3M	200x	as long as short
Binance AAVEUSDT	+0.0050%	8h	144.29	−0.031%	$65.7M	$184.8M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	144.30	−0.024%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0054%	8h	144.32	−0.010%	$17.4M	$66.1M	50x	as long as short
Gate AAVE_USDT	+0.0057%	8h	144.30	−0.024%	$7.8M	$15.9M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0061%	1h	144.10	−0.163%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0086%	8h	144.18	−0.104%	$451K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.48	+0.101%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.37	+0.021%	$122K	$146	10x	as long as short
Nado AAVE-PERP	+0.0096%	1h	144.22	−0.079%	$800K	$436K	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.30	−0.027%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.25	−0.056%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.39	+0.038%	$80.3M	$33.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.31	−0.018%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.31	−0.016%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.33	−0.003%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.27	−0.045%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.35	+0.011%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.30	−0.024%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.31	−0.017%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.48	+0.101%	$380K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	−0.046%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.15	−0.125%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	144.35	+0.011%	$126K	$468K	10x
SunX AAVE-USDT	+0.0100%	8h	144.32	−0.012%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.43	+0.064%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.29	−0.031%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USDlong	+0.0100%	1h	144.33	long leg	$61K	$3K	10x
Extended AAVE-USD	+0.0104%	1h	144.21	−0.084%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0169%	8h	144.30	−0.024%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+0.121%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.35	+0.010%	$124K	—	100x	as long as short