Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%

Price spread now: Polymarket Perps against Bybit+0.035%7-day average +0.070% · 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−$37as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 4 days (all we have)+0.771%+$77 · spread now +0.035%, 7d avg +0.070%

Together, before fees+0.887%+$89 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 0.035% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	143.79	0.0100	pay 0.0100% / 8h	6h 07m	$61.5M	$64.5M	75x
Short	Polymarket Perps AAVE-USD	143.84	0.0100	get 0.0013% / 1h	7m 26s	$124K	$419K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.070%: −$3.47
Slippage, 4 orders: −$14.23
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$36.7
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Polymarket Perps: live order book, 60 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 Bybit live order book, 2 min ago	0.35 bp	7.8 bp −$8	14.6 bp −$146	56.0 bp −$5,601	doesn't fit
Sell Polymarket Perps live order book, 60 min ago	3.08 bp	7.1 bp −$7	7.8 bp −$78	29.3 bp −$2,929	doesn't fit

AAVE on 41 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
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.97	+0.125%	$3.4M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	143.86	+0.049%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.96	+0.115%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.81	+0.014%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.93	+0.097%	$244K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.87	+0.053%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	143.77	−0.014%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.750%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.81	+0.011%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.92	+0.090%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0079%	8h	143.81	+0.014%	$26.5M	$25.0M	200x	as long as short
Binance AAVEUSDT	+0.0081%	8h	143.82	+0.021%	$64.9M	$183.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0087%	8h	143.78	−0.007%	$17.2M	$64.3M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.92	+0.089%	$199K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.15	+0.250%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.83	+0.027%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.88	+0.066%	$800K	$419K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.92	+0.090%	$77.9M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.97	+0.124%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.96	+0.116%	$328K	$435K	10x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	143.79	long leg	$61.5M	$64.5M	75x
Arcus AAVE-USD	+0.0100%	1h	143.90	+0.077%	$44K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.88	+0.063%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.84	+0.035%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.87	+0.056%	$29.9M	$17.6M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.85	+0.042%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.00	+0.146%	$321K	$721K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.96	+0.118%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.60	−0.131%	$103K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.60	−0.132%	$459K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.67	−0.083%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	143.84	+0.035%	$124K	$419K	10x
SunX AAVE-USDT	+0.0100%	8h	143.94	+0.101%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.92	+0.090%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.21	+0.293%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.88	+0.063%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.09	+0.212%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.81	+0.016%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.94	+0.108%	$122K	$146	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0251% / S −0.0393%	1h	143.87	+0.054%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.01	+0.153%	$774K	$2.8M	50x	as long as short