Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.016%

Price spread now: Gate against Polymarket Perps−0.027%48s7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as 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−$450.453% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 3 days (all we have)−0.155%−$15 · spread now −0.027%, 7d avg −0.052%

Together, before fees−0.243%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.025% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.052%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.089% in total) that is about 47 hours. The two prices were read 48 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	145.72	0.0100	pay 0.0013% / 1h	46m 33s	$128K	$449K	10x
Short	Gate AAVE_USDT	145.68	0.0012	get 0.0012% / 8h	7h 46m	$7.8M	$15.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.027%Rate

Funding earned: −$18.48
Price spread: −0.027% → −0.052%: $2.45
Slippage, 4 orders: −$22.33
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$61.35
Costs to cover: 0.453%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 26 min ago; Gate: live order book, 2 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, 26 min ago	1.37 bp	6.7 bp −$7	7.5 bp −$75	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.74 bp	14.5 bp −$15	27.6 bp −$276	40.3 bp −$4,033	45.8 bp −$22.9K

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	−0.0185%	1h	145.82	+0.066%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	145.62	−0.069%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0077%	1h	145.67	−0.034%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.80	+0.055%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.89	+0.117%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.12	+0.274%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.74	+0.014%	$254K	$391K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.78	+0.043%	$71K	—	150x	as long as short
Phemex AAVEUSDT	+0.0006%	8h	145.72	0.000%	$4.1M	$3.8M	50x	as long as short
Gate AAVE_USDTshort	+0.0012%	8h	145.68	−0.027%	$7.8M	$15.2M	75x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0024%	8h	145.67	−0.034%	$29.0M	$25.6M	200x	as long as short
Binance AAVEUSDT	+0.0024%	8h	145.62	−0.071%	$66.0M	$187.6M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0031%	1h	145.81	+0.062%	$136K	$229K	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.012%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.62	−0.067%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	145.78	+0.041%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	145.52	−0.137%	$17.9M	$67.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.70	−0.011%	$123K	$146	10x	as long as short
Bybit AAVEUSDT	+0.0093%	8h	145.55	−0.117%	$62.2M	$65.9M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.86	+0.098%	$4.7M	$1.5M	10x	as long as short
BloFin AAVE-USDT	+0.0096%	8h	145.69	−0.021%	$3.4M	$4.1M	100x	as long as short
GRVT AAVE_USDT_Perp	+0.0097%	8h	145.88	+0.110%	$457K	$3.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.69	−0.020%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.63	−0.065%	$796K	$448K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.79	+0.048%	$79.6M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.78	+0.039%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.70	−0.014%	$332K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.68	−0.027%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.05	+0.226%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.64	−0.055%	$10.0M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.64	−0.055%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.67	−0.034%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.89	+0.117%	$346K	$740K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.51	−0.142%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.78	+0.042%	$105K	$318K	20x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	145.72	long leg	$128K	$449K	10x
SunX AAVE-USDT	+0.0100%	8h	145.66	−0.038%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.78	+0.041%	$696K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.63	−0.063%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.69	−0.024%	$184K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.76	+0.024%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.90	+0.124%	$784K	$3.1M	50x	as long as short