Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: ApeX Omni against Polymarket Perps+0.315%63s7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as 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−$440.441% of the position

Long on Polymarket Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.421%−$42 · spread now +0.315%, 7d avg −0.034%

Together, before fees−0.423%−$42 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: ApeX Omni is 0.348% dearer against Polymarket Perps than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.034%. The two prices were read 63 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	Polymarket Perps AAVE-USD	143.08	0.0100	pay 0.0013% / 1h	26m 13s	$132K	$449K	10x
Short	ApeX Omni AAVEUSDT	143.53	0.0100	get 0.0013% / 1h	26m 13s	$133K	$220K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.315%Rate

Funding earned: $0
Price spread: +0.315% → −0.034%: $34.82
Slippage, 4 orders: −$26.12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$9.3
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 26 min ago; ApeX Omni: live order book, 25 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, 26 min ago	3.47 bp	7.6 bp −$8	9.7 bp −$97	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 25 min ago	5.91 bp	14.3 bp −$14	113.0 bp −$1,130	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	143.00	−0.058%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.97	−0.077%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.92	−0.112%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.96	−0.084%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.277%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.58	+0.349%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0037%	1h	142.94	−0.098%	$835K	$398K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.91	−0.116%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0056%	8h	142.91	−0.119%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0061%	8h	142.89	−0.133%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0088%	1h	143.01	−0.049%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.95	−0.090%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.97	−0.076%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.00	−0.059%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.96	−0.084%	$63.8M	$188.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.98	−0.070%	$61.5M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.98	−0.070%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.05	−0.021%	$64K	$200K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.01	−0.049%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.97	−0.077%	$25.5M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.98	−0.070%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.94	−0.098%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.00	−0.056%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.08	0.000%	$336K	$720K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	+0.405%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.36	+0.195%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.34	+0.181%	$452K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	143.53	+0.315%	$133K	$220K	50x
Polymarket Perps AAVE-USDlong	+0.0100%	1h	143.08	long leg	$132K	$449K	10x
SunX AAVE-USDT	+0.0100%	8h	142.93	−0.103%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.93	−0.105%	$5K	$309K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.10	+0.013%	$685K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.31	+0.161%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.85	−0.158%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.95	−0.087%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.01	−0.051%	$185K	$252K	10x	as long as short
Lighter AAVE	+0.0136%	1h	143.14	+0.039%	$4.5M	$2.3M	10x	as long as short
Hyperliquid AAVE	+0.0202%	1h	143.16	+0.056%	$78.4M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.94	−0.098%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	143.02	−0.039%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.96	−0.087%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.68	+0.419%	$788K	$2.8M	50x	as long as short