Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%
Price spread now: Polymarket Perps against Bybit+0.133%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$320.318% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.116%+$12 on $10k
Price spread, last 4 days (all we have)+0.157%+$16 · spread now +0.133%, 7d avg +0.064%
Together, before fees+0.273%+$27 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 0.068% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit AAVEUSDT143.230.0100pay 0.0100% / 8h3h 28m$61.6M$67.7M75x
ShortPolymarket Perps AAVE-USD143.420.0100get 0.0013% / 1h28m 54s$132K$449K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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

Funding earned
$0
Price spread: +0.133% → +0.064%
$6.82
Slippage, 4 orders
−$12.8
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$24.99
Costs to cover
0.318%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Polymarket Perps: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago0.35 bp8.0 bp −$814.2 bp −$14274.3 bp −$7,430doesn't fit
Sell Polymarket Perps live order book, 23 min ago3.47 bp7.5 bp −$78.5 bp −$85doesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX AAVE-USD0.0000%1h143.52+0.202%$103K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h143.29+0.042%$52K$1.5M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h143.31+0.056%$219K$397K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h143.39+0.110%$80K150xas long as short
Nado AAVE-PERP+0.0033%1h143.41+0.126%$838K$398K10xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−4.378%$422$51K12xas long as short
Phoenix AAVE+0.0033%1h143.58+0.244%$4K$106K10xas long as short
Reya AAVERUSDPERP+0.0044%1h143.32+0.062%20xas long as short
Phemex AAVEUSDT+0.0054%8h143.35+0.084%$4.0M$3.6M50xas long as short
Orderly PERP_AAVE_USDC+0.0056%8h143.30+0.049%$18K$10K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange AAVEUSD+0.0088%1h143.41+0.126%$10K$2K5xas long as short
Paradex AAVE-USD-PERP+0.0100%8h143.30+0.049%$13K$4K20xas long as short
Aster AAVEUSDT+0.0100%8h143.33+0.070%$1.2M$1.3M50xas long as short
Pacifica AAVE+0.0100%1h143.44+0.147%$328K$446K10xas long as short
Binance AAVEUSDT+0.0100%8h143.24+0.004%$64.0M$188.6M75xas long as short
Bybit AAVEUSDTlong+0.0100%8h143.23long leg$61.6M$67.7M75x
OKX AAVE-USDT-SWAP+0.0100%8h143.22−0.007%$17.1M$64.5M50xas long as short
Arcus AAVE-USD+0.0100%1h143.46+0.161%$64K$200K10xas long as short
Gate AAVE_USDT+0.0100%8h143.28+0.035%$8.0M$16.1M75xas long as short
MEXC AAVE_USDT+0.0100%8h143.26+0.021%$25.6M$23.9M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h143.29+0.042%$10.4M$9.4M75xas long as short
Bitget AAVEUSDT+0.0100%8h143.12−0.077%$29.2M$18.2M75xas long as short
BingX AAVE-USDT+0.0100%8h143.26+0.021%$43.7Mas long as short
Variational Omni AAVE+0.0100%8h143.66+0.300%$3.7M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h143.48+0.172%$104K$281K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h143.58+0.241%$452K$3.8M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h143.53+0.209%$133K$220K50xas long as short
Polymarket Perps AAVE-USDshort+0.0100%1h143.42+0.133%$132K$449K10x
SunX AAVE-USDT+0.0100%8h143.32+0.064%$1K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h143.34+0.077%$5K$309K10xas long as short
HTX AAVE-USDT+0.0100%8h143.65+0.290%$687K$5.2M75xas long as short
Bulk AAVE-USD+0.0100%1h143.31+0.056%$58K$2K10xas long as short
Lighter AAVE+0.0104%1h143.52+0.205%$4.6M$2.3M10xas long as short
Extended AAVE-USD+0.0104%1h143.23−0.001%$905K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h143.36+0.091%$121K$14610xas long as short
Backpack AAVE_USDC_PERP+0.0110%1h143.40+0.119%$337K$720K10xas long as short
RISEx AAVE/USDC+0.0132%1h143.41+0.124%$186K$252K10xas long as short
Hyperliquid AAVE+0.0215%1h143.41+0.126%$78.6M$37.0M10xas long as short
BloFin AAVE-USDT+0.0220%8h143.33+0.070%$3.3M$3.6M100xas long as short
Kraken Futures PF_AAVEUSD+0.0247%1h143.45+0.155%$3.4M$2.1M50xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0362%1h143.37+0.099%$112K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0360%1h143.68+0.314%$788K$2.8M50xas long as short