Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: Polymarket Perps against Gate0.000%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.182%+$18 · spread now 0.000%, 7d avg +0.047%

Together, before fees+0.271%+$27 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 0.047% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAVE_USDT	142.18	0.0100	pay 0.0100% / 8h	1h 07m	$8.0M	$16.0M	75x
Short	Polymarket Perps AAVE-USD	142.18	0.0100	get 0.0013% / 1h	7m 55s	$141K	$470K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.047%: −$4.68
Slippage, 4 orders: −$21.78
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$49.46
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Polymarket Perps: live order book, 35 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 Gate live order book, 1 min ago	0.35 bp	13.9 bp −$14	28.9 bp −$289	39.1 bp −$3,908	44.1 bp −$22.0K
Sell Polymarket Perps live order book, 35 min ago	3.51 bp	7.9 bp −$8	8.7 bp −$87	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
dYdX AAVE-USD	0.0000%	1h	142.18	+0.004%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.13	−0.035%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.14	−0.028%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.15	−0.020%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.671%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.08	−0.069%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0070%	1h	142.06	−0.088%	$827K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.12	−0.042%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.48	+0.211%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.32	+0.098%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.03	−0.106%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.22	+0.031%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.10	−0.053%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.17	−0.005%	$63.9M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.13	−0.035%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.14	−0.028%	$17.0M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.18	0.000%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	+0.120%	$161K	$103K	10x	as long as short
Gate AAVE_USDTlong	+0.0100%	8h	142.18	long leg	$8.0M	$16.0M	75x
MEXC AAVE_USDT	+0.0100%	8h	142.13	−0.035%	$24.3M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.13	−0.035%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.07	−0.077%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.13	−0.035%	—	$43.4M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.30	+0.083%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.35	+0.118%	$107K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.39	+0.144%	$452K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.41	+0.162%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	142.18	0.000%	$141K	$470K	10x
SunX AAVE-USDT	+0.0100%	8h	142.06	−0.081%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.13	−0.035%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.196%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.12	−0.042%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.06	−0.084%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.17	−0.004%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	142.13	−0.035%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0159%	1h	142.27	+0.063%	$390K	$727K	10x	as long as short
Hyperliquid AAVE	+0.0166%	1h	142.31	+0.091%	$77.8M	$36.9M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.18	0.000%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.14	−0.026%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.14	−0.030%	$189K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	+0.077%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.22	+0.031%	$3.4M	$2.1M	50x	as long as short