Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Polymarket Perps−0.048%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Polymarket Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.080%−$8 · spread now −0.048%, 7d avg −0.037%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAVE-USD	146.21	0.0100	pay 0.0013% / 1h	42m 47s	$128K	$445K	10x
Short	Arcus AAVE-USD	146.14	0.0100	get 0.0013% / 1h	42m 47s	$46K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Polymarket Perps. 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 Polymarket PerpsbpFee ArcusbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.037%: −$1.09
Slippage, 4 orders: −$18.33
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$31.92
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 30 min ago; Arcus: live order book, 31 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 Polymarket Perps live order book, 30 min ago	1.37 bp	6.7 bp −$7	7.5 bp −$75	doesn't fit	doesn't fit
Sell Arcus live order book, 31 min ago	2.05 bp	7.0 bp −$7	20.9 bp −$209	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	−0.0256%	8h	146.24	+0.021%	$4.2M	$3.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.32	+0.074%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	146.15	−0.041%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0061%	1h	146.21	0.000%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.19	−0.015%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.21	0.000%	$79K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.81	−0.274%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.30	+0.062%	$255K	$373K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.28	+0.047%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	146.14	−0.048%	$29.3M	$25.7M	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	+0.0024%	8h	146.07	−0.094%	$66.2M	$187.2M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.327%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.13	−0.056%	—	—	20x	as long as short
ApeX Omni AAVEUSDT	+0.0049%	1h	145.80	−0.280%	$136K	$230K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	146.21	0.000%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	146.04	−0.116%	$18.0M	$67.3M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.25	+0.028%	$124K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0093%	8h	145.86	−0.239%	$457K	$3.9M	10x	as long as short
BloFin AAVE-USDT	+0.0095%	8h	146.22	+0.007%	$3.5M	$4.1M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.43	+0.152%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.20	−0.009%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.19	−0.010%	$799K	$448K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.24	+0.021%	$79.8M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.22	+0.009%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.21	−0.001%	$334K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.08	−0.089%	$62.4M	$65.7M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	146.14	−0.048%	$46K	$278K	10x
Bulk AAVE-USD	+0.0100%	1h	146.05	−0.109%	$61K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	146.12	−0.062%	$7.9M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.10	−0.075%	$10.1M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.15	−0.041%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.05	−0.109%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.28	+0.048%	$347K	$734K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.63	−0.395%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.74	−0.319%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	146.21	long leg	$128K	$445K	10x
SunX AAVE-USDT	+0.0100%	8h	146.12	−0.059%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.168%	$699K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.05	−0.106%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.18	−0.022%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	146.28	+0.045%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.08	−0.089%	$786K	$3.1M	50x	as long as short