Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against edgeX−0.137%64s7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.302% of the position

Long on edgeX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.245%+$24 · spread now −0.137%, 7d avg +0.056%

Together, before fees+0.235%+ Points / potential airdropedgeX: Active · farm board+$24 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 0.193% cheaper against edgeX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.056%. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	144.28	0.0100	pay 0.0050% / 4h	2h 11m	$101K	$315K	20x
Short	Polymarket Perps AAVE-USD	144.08	0.0100	get 0.0013% / 1h	11m 50s	$126K	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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 edgeXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → +0.056%: −$19.29
Slippage, 4 orders: −$13.22
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$49.51
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from edgeX: live order book, 11 min ago; Polymarket Perps: live order book, 11 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 edgeX live order book, 11 min ago	3.46 bp	8.0 bp −$8	11.7 bp −$117	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 11 min ago	2.77 bp	6.8 bp −$7	8.1 bp −$81	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
Deribit AAVE_USDC-PERPETUAL	−0.0374%	1h	144.03	−0.171%	$253K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0158%	1h	143.98	−0.206%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0112%	1h	144.03	−0.171%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.39	+0.078%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.15	−0.091%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.05	−0.157%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.08	−0.139%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.15	−0.086%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.072%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.99	−0.200%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0050%	8h	143.99	−0.199%	$65.6M	$184.9M	75x	as long as short
MEXC AAVE_USDT	+0.0050%	8h	144.00	−0.192%	$31.2M	$26.4M	200x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.02	−0.178%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	144.01	−0.185%	$17.4M	$66.0M	50x	as long as short
Gate AAVE_USDT	+0.0057%	8h	144.03	−0.171%	$7.7M	$15.9M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0079%	1h	144.26	−0.012%	$134K	$230K	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0086%	8h	144.18	−0.065%	$451K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.22	−0.041%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.06	−0.151%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.09	−0.129%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.03	−0.170%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	−0.192%	$799K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.15	−0.088%	$80.1M	$33.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.06	−0.151%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.04	−0.163%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.02	−0.178%	$61.2M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.06	−0.151%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.08	−0.137%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.97	−0.213%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.02	−0.178%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.12	−0.109%	$380K	$708K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.27	−0.006%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	144.28	long leg	$101K	$315K	20x
Polymarket Perps AAVE-USDshort	+0.0100%	1h	144.08	−0.137%	$126K	$468K	10x
SunX AAVE-USDT	+0.0100%	8h	143.99	−0.201%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.12	−0.110%	$717K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.02	−0.178%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	+0.040%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.98	−0.203%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0170%	8h	144.02	−0.178%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+0.161%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.07	−0.144%	$124K	—	100x	as long as short