Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Polymarket Perps against KuCoin−0.075%49s7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$530.533% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 3 days (all we have)+0.278%+$28 · spread now −0.075%, 7d avg +0.048%

Together, before fees+0.367%+$37 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 0.123% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.048%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	145.71	0.0100	pay 0.0100% / 8h	7h 50m	$10.0M	$8.8M	75x
Short	Polymarket Perps AAVE-USD	145.60	0.0100	get 0.0013% / 1h	50m 44s	$127K	$454K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → +0.048%: −$12.3
Slippage, 4 orders: −$33.33
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$65.63
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Polymarket Perps: live order book, 22 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 KuCoin live order book, 8 min ago	1.03 bp	20.4 bp −$20	43.6 bp −$436	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 22 min ago	1.37 bp	8.8 bp −$9	9.6 bp −$96	25.7 bp −$2,574	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
ApeX Omni AAVEUSDT	−0.0190%	1h	145.56	−0.103%	$135K	$229K	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0185%	1h	145.75	+0.029%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	145.47	−0.165%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0100%	1h	145.64	−0.048%	$5K	$305K	10x	as long as short
Gate AAVE_USDT	−0.0026%	8h	145.71	0.000%	$7.8M	$15.2M	75x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0025%	1h	145.60	−0.075%	$254K	$391K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.71	+0.003%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.50	−0.144%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.67	−0.027%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.63	−0.054%	$70K	—	150x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0023%	8h	145.75	+0.027%	$29.0M	$25.6M	200x	as long as short
Binance AAVEUSDT	+0.0024%	8h	145.73	+0.014%	$66.1M	$187.6M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.005%	$422	$51K	12x	as long as short
GRVT AAVE_USDT_Perp	+0.0034%	8h	145.61	−0.067%	$456K	$3.9M	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.50	−0.146%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.55	−0.110%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	145.73	+0.014%	$17.8M	$67.2M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.64	−0.050%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0094%	8h	145.60	−0.075%	$3.4M	$4.1M	100x	as long as short
Lighter AAVE	+0.0096%	1h	145.92	+0.146%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.73	+0.014%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.50	−0.141%	$796K	$449K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.80	+0.062%	$79.6M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.77	+0.041%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.77	+0.041%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.74	+0.021%	$62.2M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.92	+0.144%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.52	−0.127%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	145.71	long leg	$10.0M	$8.8M	75x
Bitget AAVEUSDT	+0.0100%	8h	145.68	−0.021%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.74	+0.021%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.78	+0.048%	$348K	$742K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.51	−0.136%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.59	−0.081%	$105K	$317K	20x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	145.60	−0.075%	$127K	$454K	10x
SunX AAVE-USDT	+0.0100%	8h	145.53	−0.120%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.73	+0.016%	$686K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.66	−0.034%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.80	+0.061%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.95	+0.164%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.63	−0.056%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.71	0.000%	$782K	$3.1M	50x	as long as short