Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.011%

Price spread now: Polymarket Perps against BloFin+0.014%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

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

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)−0.526%−$53 · spread now +0.014%, 7d avg +0.028%

Together, before fees−0.674%−$67 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAVE-USDT	143.36	0.0220	pay 0.0220% / 8h	5h 08m	$3.4M	$3.5M	100x
Short	Polymarket Perps AAVE-USD	143.38	0.0100	get 0.0013% / 1h	8m 56s	$128K	$422K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$25.2
Price spread: +0.014% → +0.028%: −$1.39
Slippage, 4 orders: −$10.66
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$57.26
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Polymarket Perps: live order book, 53 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 BloFin live order book, 4 min ago	0.70 bp	8.6 bp −$9	12.6 bp −$126	30.2 bp −$3,019	doesn't fit
Sell Polymarket Perps live order book, 53 min ago	1.73 bp	6.4 bp −$6	7.7 bp −$77	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
01 Exchange AAVEUSD	−0.0048%	1h	143.35	−0.007%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0029%	1h	143.33	−0.021%	$227K	$389K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.45	+0.061%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.60	+0.167%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.38	+0.015%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.464%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.29	−0.047%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.30	−0.042%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0057%	1h	143.35	−0.007%	$828K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.75	+0.272%	$5K	$98K	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	143.52	+0.109%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.39	+0.021%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.47	+0.077%	$77.6M	$34.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.37	+0.009%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.40	+0.027%	$326K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.30	−0.042%	$64.1M	$182.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.30	−0.042%	$61.2M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.29	−0.049%	$17.2M	$63.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.39	+0.021%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.498%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.35	−0.007%	$7.8M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.34	−0.014%	$25.9M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.40	+0.028%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.33	−0.021%	$30.0M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.31	−0.035%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.42	+0.042%	$320K	$691K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	+0.207%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.67	+0.215%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.74	+0.266%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.90	+0.377%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	143.38	+0.014%	$128K	$422K	10x
SunX AAVE-USDT	+0.0100%	8h	143.35	−0.006%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.34	−0.014%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.55	+0.133%	$691K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.43	+0.049%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.28	−0.058%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.03	−0.228%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.42	+0.044%	$184K	$237K	10x	as long as short
BloFin AAVE-USDTlong	+0.0220%	8h	143.36	long leg	$3.4M	$3.5M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.37	+0.010%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.48	+0.084%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.93	+0.398%	$782K	$2.8M	50x	as long as short