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 0.000%

Price spread now: SunX against Polymarket Perps−0.172%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1471.472% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.376%+$38 · spread now −0.172%, 7d avg −0.043%

Together, before fees+0.385%+$39 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: SunX is 0.129% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAVE-USD	142.70	0.0100	pay 0.0013% / 1h	28m 14s	$123K	$384K	10x
Short	SunX AAVE-USDT	142.45	0.0100	get 0.0100% / 8h	4h 28m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.172%Rate

Funding earned: $0
Price spread: −0.172% → −0.043%: −$12.93
Slippage, 4 orders: −$131.22
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$160.15
Costs to cover: 1.472%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 29 min ago; SunX: live order book, 6 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, 29 min ago	1.75 bp	5.8 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	44.87 bp	66.4 bp −$66	doesn't fit	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
01 Exchange AAVEUSD	−0.0152%	1h	142.61	−0.063%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0101%	1h	142.47	−0.161%	$219K	$401K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.74	+0.027%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.50	−0.140%	$46K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.56	−0.098%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0014%	1h	142.65	−0.032%	$841K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.022%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.68	−0.013%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	142.49	−0.147%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.03	+0.231%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0082%	1h	142.46	−0.168%	$5K	$292K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.57	−0.088%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.70	0.000%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.60	−0.070%	$76.8M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.71	+0.010%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.74	+0.031%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.50	−0.140%	$63.8M	$186.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.48	−0.154%	$61.0M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.44	−0.182%	$17.1M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.82	+0.084%	$64K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.50	−0.844%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.49	−0.147%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.46	−0.168%	$25.1M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.49	−0.147%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.37	−0.231%	$28.9M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.49	−0.147%	—	$43.7M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.57	−0.091%	$336K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.70	0.000%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.66	−0.030%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.75	+0.035%	$446K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.16	−0.378%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	142.70	long leg	$123K	$384K	10x
SunX AAVE-USDTshort	+0.0100%	8h	142.45	−0.172%	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.083%	$687K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.43	−0.189%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.42	−0.197%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.52	−0.124%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.71	+0.004%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.10	+0.280%	$3.4M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.58	−0.082%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0325%	1h	142.58	−0.087%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.09	+0.273%	$793K	$2.8M	50x	as long as short