Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Polymarket Perps against MEXC−0.120%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on MEXC Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.533%+$53 · spread now −0.120%, 7d avg +0.034%

Together, before fees+0.595%+$59 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 0.154% cheaper against MEXC than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	141.96	0.0100	pay 0.0100% / 8h	7h 22m	$22.5M	$24.2M	200x
Short	Polymarket Perps AAVE-USD	141.79	0.0100	get 0.0013% / 1h	22m 57s	$134K	$472K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against MEXC. 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 MEXCbpFee Polymarket PerpsbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → +0.034%: −$15.39
Slippage, 4 orders: −$11.08
Fee MEXC: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$34.47
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Polymarket Perps: live order book, 75 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 MEXC live order book, 1 min ago	1.41 bp	3.3 bp −$3	6.1 bp −$61	29.8 bp −$2,979	107.6 bp −$53.8K
Sell Polymarket Perps live order book, 75 min ago	2.12 bp	8.2 bp −$8	9.1 bp −$91	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
Phemex AAVEUSDT	−0.0143%	8h	141.88	−0.056%	$3.9M	$3.6M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.13	−0.586%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.81	−0.106%	$53K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.03	+0.049%	$212K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.00	+0.028%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.522%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.75	−0.150%	—	—	20x	as long as short
01 Exchange AAVEUSD	+0.0072%	1h	141.72	−0.169%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	+0.0089%	1h	141.96	0.000%	$5K	$300K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0090%	8h	141.99	+0.021%	$17K	$8K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0096%	1h	140.86	−0.775%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.70	−0.183%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.70	−0.185%	$837K	$406K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.03	+0.049%	$77.5M	$36.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.97	+0.010%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.70	−0.183%	$345K	$409K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.93	−0.023%	$63.6M	$192.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.87	−0.063%	$61.1M	$69.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.86	−0.070%	$16.5M	$64.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.83	−0.092%	$95K	$228K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.61	−0.951%	$162K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.94	−0.014%	$8.1M	$16.4M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	141.96	long leg	$22.5M	$24.2M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	141.99	+0.021%	$10.2M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.87	−0.063%	$28.8M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.92	−0.028%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.61	−0.953%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.91	−0.738%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.74	−0.859%	$443K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.79	−0.824%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	141.79	−0.120%	$134K	$472K	10x
SunX AAVE-USDT	+0.0100%	8h	141.84	−0.088%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.24	+0.195%	$669K	$5.3M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.81	−0.103%	$911K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.02	+0.045%	$120K	$146	10x	as long as short
Lighter AAVE	+0.0120%	1h	142.19	+0.160%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0186%	1h	142.08	+0.085%	$387K	$739K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	142.15	+0.134%	$758K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.86	−0.070%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.76	−0.140%	$172K	$297K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	142.08	+0.082%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.91	−0.037%	$110K	—	100x	as long as short