AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.299%

Price spread now: Deribit against Polymarket Perps−0.077%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

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

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.501%−$50 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.077%, 7d avg −0.057%

Together, before fees−0.320%−$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.020% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAVE-USD	142.08	0.0100	pay 0.0013% / 1h	31m 24s	$136K	$462K	10x
Short	Deribit AAVE_USDC-PERPETUAL	141.97	0	get 0.0000% / 1h	31m 24s	$216K	$394K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$21
Price spread: −0.077% → −0.057%: −$2.03
Slippage, 4 orders: −$15.72
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$53.75
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 16 min ago; Deribit: live order book, 12 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, 16 min ago	2.45 bp	6.4 bp −$6	7.6 bp −$76	doesn't fit	doesn't fit
Sell Deribit live order book, 12 min ago	4.55 bp	8.1 bp −$8	15.5 bp −$155	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
dYdX AAVE-USD	0.0000%	1h	142.06	−0.015%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.02	−0.042%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALshort	0.0000%	1h	141.97	−0.077%	$216K	$394K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.98	−0.068%	$79K	—	150x	as long as short
Nado AAVE-PERP	+0.0023%	1h	141.97	−0.074%	$827K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.604%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.96	−0.087%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0067%	8h	141.98	−0.070%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0091%	8h	142.03	−0.035%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	142.14	+0.042%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.07	−0.004%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.04	−0.028%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.10	+0.016%	$325K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.98	−0.073%	$63.4M	$189.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.96	−0.084%	$60.8M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.93	−0.106%	$17.0M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.20	+0.084%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.34	+0.181%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.99	−0.063%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.04	−0.028%	$25.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.99	−0.063%	$10.2M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.93	−0.106%	$29.0M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.94	−0.099%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.78	+0.495%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.32	+0.168%	$105K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.34	+0.183%	$446K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.28	+0.141%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	142.08	long leg	$136K	$462K	10x
SunX AAVE-USDT	+0.0100%	8h	142.11	+0.023%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.96	−0.084%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.12	+0.025%	$679K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.91	−0.118%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.05	−0.024%	$120K	$146	10x	as long as short
Hyperliquid AAVE	+0.0111%	1h	142.15	+0.049%	$77.7M	$37.1M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.85	+0.542%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0151%	1h	142.19	+0.077%	$334K	$728K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.16	+0.056%	$190K	$253K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.34	+0.183%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0239%	1h	142.05	−0.022%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.97	−0.075%	$111K	—	100x	as long as short
Lighter AAVE	+0.0296%	1h	142.30	+0.153%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.15	+0.049%	$770K	$2.8M	50x	as long as short