Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against SunX+0.154%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1461.460% of the position

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.581%−$58 · spread now +0.154%, 7d avg +0.044%

Together, before fees−0.591%−$59 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: Polymarket Perps is 0.110% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	145.54	0.0100	pay 0.0100% / 8h	2h 58m	$1K	$1.3M	20x
Short	Polymarket Perps AAVE-USD	145.76	0.0100	get 0.0013% / 1h	58m 22s	$128K	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against SunX. 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 SunXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → +0.044%: $11.04
Slippage, 4 orders: −$129.96
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$134.92
Costs to cover: 1.460%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; Polymarket Perps: live order book, 29 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 SunX live order book, 5 min ago	44.92 bp	66.4 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 29 min ago	2.36 bp	7.7 bp −$8	9.0 bp −$90	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	−0.4696%	1h	144.85	−0.471%	$231K	$462K	50x	as long as short
SoDEX AAVE-USD	−0.0298%	1h	145.42	−0.080%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.69	+0.106%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0039%	1h	145.99	+0.312%	$4K	$95K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.67	+0.093%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.56	+0.016%	$69K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.69	+0.102%	$71K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.58	+0.027%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.893%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.59	+0.035%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0055%	8h	145.52	−0.011%	$17.9M	$65.6M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0059%	1h	146.32	+0.539%	$136K	$229K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0061%	8h	145.55	+0.010%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0083%	8h	145.67	+0.092%	$7.8M	$15.4M	75x	as long as short
Binance AAVEUSDT	+0.0086%	8h	145.33	−0.141%	$66.0M	$180.7M	75x	as long as short
MEXC AAVE_USDT	+0.0087%	8h	145.72	+0.126%	$32.8M	$25.9M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.59	+0.041%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.68	+0.100%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.60	+0.047%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.58	+0.030%	$817K	$441K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.78	+0.168%	$81.6M	$32.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.67	+0.091%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.64	+0.071%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.62	+0.058%	$62.2M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.61	+0.051%	$51K	$299K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.487%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.66	+0.085%	$10.1M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.53	−0.004%	$29.8M	$17.6M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.60	+0.044%	—	$44.2M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.71	+0.120%	$345K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.619%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.30	+0.524%	$101K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.29	+0.518%	$463K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	145.76	+0.154%	$128K	$468K	10x
SunX AAVE-USDTlong	+0.0100%	8h	145.54	long leg	$1K	$1.3M	20x
HTX AAVE-USDT	+0.0100%	8h	145.73	+0.132%	$743K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.47	−0.045%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.49	−0.029%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.58	+0.030%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0208%	8h	145.63	+0.065%	$3.6M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.72	+0.126%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0274% / S −0.0485%	1h	145.66	+0.085%	$135K	—	100x	as long as short