Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 13:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Polymarket Perps+0.021%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Polymarket Perps Short on Arcus

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)−0.149%−$15 · spread now +0.021%, 7d avg −0.024%

Together, before fees−0.149%−$15 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: Arcus is 0.045% dearer against Polymarket Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAVE-USD	143.10	0.0100	pay 0.0013% / 1h	22m 47s	$131K	$377K	10x
Short	Arcus AAVE-USD	143.13	0.0100	get 0.0013% / 1h	22m 47s	$95K	$209K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.024%: $4.52
Slippage, 4 orders: −$19.27
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$27.25
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 13 min ago; Arcus: live order book, 14 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, 13 min ago	2.12 bp	8.4 bp −$8	9.6 bp −$96	doesn't fit	doesn't fit
Sell Arcus live order book, 14 min ago	2.83 bp	10.1 bp −$10	26.6 bp −$266	doesn't fit	doesn't fit

AAVE on 42 exchanges

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
SoDEX AAVE-USD	−0.0145%	1h	143.08	−0.014%	$7K	$180K	10x	as long as short
Phemex AAVEUSDT	−0.0096%	8h	143.09	−0.007%	$3.9M	$3.5M	50x	as long as short
01 Exchange AAVEUSD	−0.0088%	1h	143.08	−0.014%	$10K	$370	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.04	−0.042%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.03	−0.049%	$62K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.14	+0.028%	$214K	$315K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.17	+0.047%	$80K	—	150x	as long as short
Bybit AAVEUSDT	+0.0007%	8h	143.25	+0.105%	$62.5M	$58.2M	75x	as long as short
Variational Omni AAVE	+0.0010%	8h	143.10	+0.003%	$3.6M	$707K	—	as long as short
Phoenix AAVE	+0.0017%	1h	143.23	+0.091%	$5K	$81K	10x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.291%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.99	−0.075%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0067%	8h	143.10	0.000%	$17K	$2K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0074%	8h	143.29	+0.133%	$16.2M	$53.3M	50x	as long as short
Binance AAVEUSDT	+0.0088%	8h	143.26	+0.109%	$64.4M	$158.0M	75x	as long as short
MEXC AAVE_USDT	+0.0088%	8h	143.25	+0.105%	$24.6M	$21.4M	200x	as long as short
Lighter AAVE	+0.0096%	1h	143.31	+0.145%	$4.7M	$2.3M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.94	−0.114%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.03	−0.049%	$833K	$314K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.43	+0.231%	$78.9M	$26.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.30	+0.138%	$1.2M	$962K	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.06	−0.029%	$321K	$364K	10x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	143.13	+0.021%	$95K	$209K	10x
Bulk AAVE-USD	+0.0100%	1h	143.02	−0.056%	$114K	$69K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.27	+0.119%	$8.3M	$13.4M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.31	+0.147%	$10.3M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.24	+0.098%	$29.6M	$15.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.25	+0.105%	—	$34.8M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.99	−0.079%	$110K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.01	−0.063%	$451K	$3.1M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.72	−0.266%	$153K	$233K	50x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	143.10	long leg	$131K	$377K	10x
SunX AAVE-USDT	+0.0100%	8h	143.10	−0.002%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.10	−0.002%	$642K	$1.3M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.19	+0.064%	$930K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.99	−0.074%	$121K	—	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0138%	1h	143.40	+0.210%	$394K	$586K	10x	as long as short
RISEx AAVE/USDC	+0.0139%	1h	143.06	−0.029%	$173K	$228K	10x	as long as short
BloFin AAVE-USDT	+0.0208%	8h	143.13	+0.021%	$3.2M	$3.2M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0232%	1h	143.01	−0.063%	$775K	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0255% / S −0.0365%	1h	143.17	+0.049%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	143.20	+0.072%	$3.5M	$1.8M	50x	as long as short