AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.032%

Price spread now: Polymarket Perps against Coinbase International−0.096%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 3 days (all we have)−0.207%−$21 · spread now −0.096%, 7d avg −0.026%

Together, before fees−0.337%−$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Polymarket Perps is 0.070% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAVE-PERP-INTX	145.35	0.0248	pay 0.0031% / 1h	54m 05s	$782K	$3.0M	50x
Short	Polymarket Perps AAVE-USD	145.21	0.0100	get 0.0013% / 1h	54m 05s	$127K	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$31.08
Price spread: −0.096% → −0.026%: −$7.02
Slippage, 4 orders: −$19.92
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$76.02
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Polymarket Perps: live order book, 33 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 Coinbase International live order book, 5 min ago	3.77 bp	14.4 bp −$14	19.9 bp −$199	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 33 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
01 Exchange AAVEUSD	−0.0240%	1h	145.35	0.000%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0213%	1h	145.13	−0.151%	$5K	$308K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0108%	1h	145.30	−0.034%	$135K	$229K	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0094%	1h	145.19	−0.110%	$246K	$477K	50x	as long as short
Phoenix AAVE	−0.0039%	1h	145.71	+0.248%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.35	−0.003%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.18	−0.117%	$63K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.21	−0.099%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.24	−0.078%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.772%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.11	−0.163%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	145.18	−0.117%	$17.8M	$65.4M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0060%	8h	145.11	−0.165%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0080%	8h	145.26	−0.062%	$7.8M	$15.5M	75x	as long as short
MEXC AAVE_USDT	+0.0082%	8h	145.17	−0.124%	$32.3M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0082%	8h	145.16	−0.131%	$66.0M	$180.9M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.30	−0.035%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.23	−0.081%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.14	−0.144%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.04	−0.212%	$813K	$439K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.34	−0.007%	$81.4M	$32.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.16	−0.131%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.28	−0.045%	$330K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.24	−0.076%	$62.0M	$64.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.19	−0.110%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.616%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.15	−0.138%	$10.0M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.24	−0.076%	$29.8M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.25	−0.069%	—	$44.3M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.31	−0.028%	$347K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	+0.010%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.31	−0.030%	$100K	$311K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.35	−0.003%	$460K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	145.21	−0.096%	$127K	$468K	10x
SunX AAVE-USDT	+0.0100%	8h	145.12	−0.157%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.25	−0.065%	$739K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.22	−0.089%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.08	−0.186%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.05	−0.209%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0202%	8h	145.59	+0.165%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0248%	1h	145.35	long leg	$782K	$3.0M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.21	−0.098%	$125K	—	100x	as long as short