Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h +0.031%

Price spread now: Polymarket Perps against OKX0.000%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 3 days (all we have)+0.181%+$18 · spread now 0.000%, 7d avg +0.071%

Together, before fees+0.303%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.071% cheaper against OKX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.071%). If the spread goes back, that is −$7 on $10k: about 6.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAVE-USDT-SWAP	146.22	0.0063	pay 0.0063% / 8h	7h 17m	$17.9M	$66.4M	50x
Short	Polymarket Perps AAVE-USD	146.22	0.0100	get 0.0013% / 1h	17m 03s	$127K	$416K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now 0.000%Rate

Funding earned: $7.69
Price spread: 0.000% → +0.071%: −$7.11
Slippage, 4 orders: −$14.47
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$31.89
Costs to cover: 0.325%
Break-even: 36.0 days

Slippage from OKX: live order book, 2 min ago; Polymarket Perps: live order book, 55 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 OKX live order book, 2 min ago	0.34 bp	8.1 bp −$8	13.9 bp −$139	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 55 min ago	1.37 bp	8.8 bp −$9	9.6 bp −$96	25.7 bp −$2,574	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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.18	−0.031%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0160%	1h	146.11	−0.075%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0097%	1h	146.04	−0.123%	$5K	$305K	10x	as long as short
Phemex AAVEUSDT	−0.0048%	8h	146.10	−0.082%	$4.2M	$3.8M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.08	−0.096%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	−0.022%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.17	−0.034%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.33	+0.075%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.12	−0.069%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0021%	8h	146.11	−0.075%	$28.9M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0022%	8h	146.23	+0.007%	$66.2M	$183.5M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.333%	$422	$51K	12x	as long as short
Gate AAVE_USDT	+0.0036%	8h	146.15	−0.048%	$7.9M	$15.3M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.04	−0.121%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.04	−0.123%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAPlong	+0.0063%	8h	146.22	long leg	$17.9M	$66.4M	50x
ApeX Omni AAVEUSDT	+0.0074%	1h	146.56	+0.233%	$136K	$231K	50x	as long as short
Bybit AAVEUSDT	+0.0086%	8h	146.21	−0.007%	$62.6M	$65.0M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.12	−0.070%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0088%	8h	146.04	−0.123%	$3.5M	$3.5M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.27	+0.033%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.12	−0.067%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.19	−0.017%	$799K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.28	+0.041%	$79.7M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.06	−0.108%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.18	−0.027%	$334K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.19	−0.021%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.296%	$59K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.16	−0.041%	$11.1M	$9.0M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.09	−0.089%	$30.3M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.11	−0.075%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.21	−0.007%	$334K	$735K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.151%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.46	+0.167%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.48	+0.178%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	146.22	0.000%	$127K	$416K	10x
SunX AAVE-USDT	+0.0100%	8h	146.13	−0.058%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.43	+0.146%	$712K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.00	−0.148%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.21	−0.005%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0373%	1h	146.10	−0.081%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.41	+0.130%	$785K	$2.9M	50x	as long as short