Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: Binance against Polymarket Perps−0.113%46s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.292% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.308%−$31 · spread now −0.113%, 7d avg −0.041%

Together, before fees−0.383%−$38 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: Binance is 0.072% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.041%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAVE-USD	142.71	0.0100	pay 0.0013% / 1h	53m 41s	$122K	$385K	10x
Short	Binance AAVEUSDT	142.55	0.0100	get 0.0100% / 8h	4h 53m	$63.9M	$184.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.113%Rate

Funding earned: $0
Price spread: −0.113% → −0.041%: −$7.16
Slippage, 4 orders: −$11.15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$36.31
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Binance: live order book, 5 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, 4 min ago	1.75 bp	5.8 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.35 bp	7.8 bp −$8	8.1 bp −$81	23.9 bp −$2,391	97.9 bp −$49.0K

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	−0.0136%	1h	142.48	−0.161%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0061%	1h	142.57	−0.098%	$5K	$303K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.65	−0.042%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.64	−0.049%	$53K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.59	−0.084%	$224K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.69	−0.011%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.029%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.65	−0.040%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.53	−0.126%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0054%	1h	142.60	−0.079%	$835K	$438K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0065%	1h	142.29	−0.294%	$132K	$219K	50x	as long as short
Phoenix AAVE	+0.0089%	1h	142.93	+0.154%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.62	−0.061%	$4.5M	$1.7M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.53	−0.125%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.71	−0.002%	$77.1M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.63	−0.054%	$1.3M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.58	−0.089%	$324K	$434K	10x	as long as short
Binance AAVEUSDTshort	+0.0100%	8h	142.55	−0.113%	$63.9M	$184.2M	75x
Bybit AAVEUSDT	+0.0100%	8h	142.51	−0.140%	$61.2M	$65.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.49	−0.154%	$17.0M	$63.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.51	−0.140%	$44K	$179K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.51	−0.140%	$7.9M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.52	−0.133%	$25.4M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.61	−0.070%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.44	−0.189%	$29.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.50	−0.147%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.69	−0.014%	$347K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.65	−0.041%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.24	−0.327%	$102K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.15	−0.393%	$449K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	142.71	long leg	$122K	$385K	10x
SunX AAVE-USDT	+0.0100%	8h	142.59	−0.081%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.76	+0.037%	$687K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.56	−0.105%	$4.0M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.68	−0.023%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.45	−0.184%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.57	−0.095%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.56	−0.106%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.53	−0.126%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	142.67	−0.027%	$121K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.64	−0.051%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.077%	$774K	$2.8M	50x	as long as short