Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.035%

Price spread now: SoDEX against Polymarket Perps−0.035%7-day average −0.052% · 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−$24as in the Price arb table

costs, in and out, $10k−$250.255% of the position

Long on Polymarket Perps Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.089%−$9 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.035%, 7d avg −0.052%

Together, before fees−0.014%−$1 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	142.00	0.0100	pay 0.0013% / 1h	41m 00s	$141K	$470K	10x
Short	SoDEX AAVE-USD	141.95	0.0100	get 0.0013% / 1h	41m 00s	$5K	$286K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.052%: $1.71
Slippage, 4 orders: −$9.48
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$23.77
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 61 min ago; SoDEX: live order book, 63 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, 61 min ago	3.51 bp	7.5 bp −$8	7.8 bp −$78	doesn't fit	doesn't fit
Sell SoDEX live order book, 63 min ago	0.35 bp	5.0 bp −$5	9.7 bp −$97	95.8 bp −$9,578	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
dYdX AAVE-USD	0.0000%	1h	141.99	−0.006%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.03	+0.021%	$48K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.95	−0.035%	$214K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.97	−0.022%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.549%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.90	−0.070%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	141.93	−0.049%	$17K	$7K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.15	+0.104%	$4.5M	$2.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.92	−0.054%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.91	−0.067%	$827K	$394K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	142.13	+0.092%	$77.8M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.03	+0.022%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.98	−0.014%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.95	−0.038%	$63.6M	$189.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.90	−0.070%	$61.3M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.89	−0.077%	$17.0M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.03	+0.021%	$63K	$193K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.93	−0.050%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.96	−0.028%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.95	−0.035%	$23.6M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.97	−0.021%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.98	−0.014%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.93	−0.049%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.17	+0.118%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.98	−0.017%	$108K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.08	+0.057%	$452K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.02	+0.014%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	142.00	long leg	$141K	$470K	10x
SunX AAVE-USDT	+0.0100%	8h	141.91	−0.063%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDshort	+0.0100%	1h	141.95	−0.035%	$5K	$286K	10x
HTX AAVE-USDT	+0.0100%	8h	142.10	+0.068%	$671K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.93	−0.049%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.91	−0.066%	$915K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.00	0.000%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.97	−0.019%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	142.06	+0.042%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.93	−0.049%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	142.02	+0.015%	$187K	$276K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.97	−0.023%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	142.03	+0.021%	$754K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0270%	1h	142.01	+0.005%	$3.4M	$2.1M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0330%	1h	142.09	+0.063%	$388K	$728K	10x	as long as short