Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: KuCoin against Polymarket Perps−0.021%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 3 days (all we have)−0.305%−$31 · spread now −0.021%, 7d avg −0.046%

Together, before fees−0.413%−$41 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: KuCoin is 0.025% dearer against Polymarket Perps than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAVE-USD	144.63	0.0100	pay 0.0013% / 1h	28m 12s	$126K	$468K	10x
Short	KuCoin AAVEUSDTM	144.60	0.0100	get 0.0100% / 8h	2h 28m	$10.3M	$8.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → −0.046%: $2.53
Slippage, 4 orders: −$26.61
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$44.07
Costs to cover: 0.466%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 59 min ago; KuCoin: 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, 59 min ago	2.36 bp	6.4 bp −$6	7.2 bp −$72	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.73 bp	17.3 bp −$17	37.0 bp −$370	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
Deribit AAVE_USDC-PERPETUAL	−0.0442%	1h	144.47	−0.111%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0188%	1h	144.44	−0.131%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.56	−0.048%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.43	−0.138%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.66	+0.017%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.52	−0.076%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.56	−0.045%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.60	−0.024%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.303%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0041%	1h	144.40	−0.159%	$134K	$229K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.50	−0.090%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.49	−0.097%	$17.5M	$65.9M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	144.47	−0.111%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0054%	8h	144.52	−0.076%	$7.7M	$15.8M	75x	as long as short
Binance AAVEUSDT	+0.0061%	8h	144.52	−0.076%	$65.8M	$183.7M	75x	as long as short
MEXC AAVE_USDT	+0.0062%	8h	144.52	−0.076%	$31.6M	$26.3M	200x	as long as short
Nado AAVE-PERP	+0.0088%	1h	144.54	−0.059%	$802K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.45	−0.122%	$455K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.71	+0.055%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.51	−0.084%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.61	−0.016%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.58	−0.034%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.68	+0.033%	$80.3M	$33.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.61	−0.013%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.57	−0.038%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.54	−0.062%	$61.5M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.57	−0.041%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.230%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	144.60	−0.021%	$10.3M	$8.6M	75x
Bitget AAVEUSDT	+0.0100%	8h	144.47	−0.111%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.48	−0.104%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.63	0.000%	$378K	$701K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.45	−0.125%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.36	−0.185%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	144.63	long leg	$126K	$468K	10x
SunX AAVE-USDT	+0.0100%	8h	144.53	−0.068%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.60	−0.019%	$723K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.54	−0.062%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.45	−0.123%	$928K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0182%	8h	144.48	−0.104%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.187%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.56	−0.046%	$124K	—	100x	as long as short