AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.314%

Price spread now: Polymarket Perps against Deribit+0.062%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs+$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.511%+$51 on $10k

Price spread, last 3 days (all we have)−0.127%−$13 · spread now +0.062%, 7d avg +0.056%

Together, before fees+0.383%+$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	144.50	0	get 0.0000% / 1h	20m 48s	$245K	$363K	50x
Short	Polymarket Perps AAVE-USD	144.59	0.0100	get 0.0013% / 1h	20m 48s	$125K	$419K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.062%Rate

Funding earned: $21
Price spread: +0.062% → +0.056%: $0.59
Slippage, 4 orders: −$21.32
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$14.73
Costs to cover: 0.363%
Break-even: 11.9 days

Slippage from Deribit: live order book, 43 min ago; Polymarket Perps: live order book, 47 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 Deribit live order book, 43 min ago	6.54 bp	10.0 bp −$10	18.2 bp −$182	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 47 min ago	3.08 bp	7.1 bp −$7	7.8 bp −$78	29.3 bp −$2,929	doesn't fit

AAVE on 41 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	144.58	+0.055%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.60	+0.067%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.68	+0.121%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.48	−0.014%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALlong	0.0000%	1h	144.50	long leg	$245K	$363K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.54	+0.029%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.83	+0.228%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.218%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.50	+0.003%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.50	0.000%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0061%	8h	144.33	−0.118%	$26.8M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0064%	8h	144.34	−0.113%	$65.2M	$184.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0077%	8h	144.24	−0.180%	$17.3M	$65.2M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.61	+0.077%	$200K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.69	+0.134%	$4.7M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.55	+0.035%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.65	+0.102%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.52	+0.017%	$804K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.52	+0.014%	$78.3M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.49	−0.005%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.65	+0.104%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.31	−0.131%	$61.7M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.61	+0.076%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	−0.040%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.35	−0.104%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.35	−0.104%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.31	−0.131%	$30.0M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.34	−0.111%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.50	0.000%	$322K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.48	−0.015%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.81	+0.214%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.81	+0.215%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.80	+0.208%	$135K	$219K	50x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	144.59	+0.062%	$125K	$419K	10x
SunX AAVE-USDT	+0.0100%	8h	144.56	+0.039%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.50	0.000%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.71	+0.144%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.47	−0.021%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.29	−0.149%	$922K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0243% / S −0.0374%	1h	144.53	+0.024%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.56	+0.042%	$775K	$2.8M	50x	as long as short