Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against Arcus−0.112%7-day average +0.027% · 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−$45as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Arcus Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.482%+$48 · spread now −0.112%, 7d avg +0.027%

Together, before fees+0.482%+$48 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 0.139% cheaper against Arcus than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	143.01	0.0100	pay 0.0013% / 1h	0m 16s	$98K	$228K	10x
Short	Polymarket Perps AAVE-USD	142.85	0.0100	get 0.0013% / 1h	0m 16s	$133K	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Arcus. 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 ArcusbpFee Polymarket PerpsbpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → +0.027%: −$13.91
Slippage, 4 orders: −$18.17
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$44.58
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from Arcus: live order book, 33 min ago; Polymarket Perps: live order book, 3 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 Arcus live order book, 33 min ago	1.06 bp	7.3 bp −$7	18.3 bp −$183	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.80 bp	8.2 bp −$8	11.2 bp −$112	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
Phemex AAVEUSDT	−0.0100%	8h	142.80	−0.147%	$4.0M	$3.6M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0030%	1h	142.86	−0.105%	$211K	$360K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.87	−0.096%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.87	−0.098%	$51K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.88	−0.091%	$82K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.230%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.87	−0.099%	—	—	20x	as long as short
01 Exchange AAVEUSD	+0.0072%	1h	142.91	−0.070%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	+0.0089%	1h	142.83	−0.126%	$6K	$285K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0093%	8h	142.83	−0.126%	$17K	$6K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.06	+0.036%	$4.6M	$2.6M	10x	as long as short
Phoenix AAVE	+0.0096%	1h	143.07	+0.042%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.79	−0.155%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	142.84	−0.115%	$826K	$385K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.93	−0.056%	$78.2M	$36.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.89	−0.085%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.86	−0.105%	$348K	$366K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.83	−0.125%	$63.9M	$186.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.82	−0.133%	$61.6M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.82	−0.133%	$16.6M	$63.1M	50x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	143.01	long leg	$98K	$228K	10x
Bulk AAVE-USD	+0.0100%	1h	142.71	−0.211%	$165K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.86	−0.105%	$8.1M	$16.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.83	−0.126%	$22.6M	$24.4M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.83	−0.126%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.86	−0.105%	$29.0M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.80	−0.147%	—	$43.4M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.82	−0.134%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.97	−0.028%	$110K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.03	+0.014%	$449K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.05	+0.028%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	142.85	−0.112%	$133K	$466K	10x
SunX AAVE-USDT	+0.0100%	8h	142.83	−0.124%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.94	−0.048%	$670K	$5.3M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.79	−0.154%	$916K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.87	−0.098%	$121K	$146	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	143.20	+0.133%	$761K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.87	−0.098%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	142.94	−0.049%	$173K	$275K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0226%	1h	143.05	+0.028%	$389K	$731K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	142.94	−0.050%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	142.91	−0.071%	$111K	—	100x	as long as short