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

AAVE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h +0.011%
Price spread now: BloFin against Polymarket Perps+0.110%45s7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$320.322% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.148%+$15 on $10k
Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.110%, 7d avg −0.029%
Together, before fees+0.125%+$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.138% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of −0.029%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days. Mind the row above: over the last 7 days funding on this pair paid +0.148%, so the current rate has only just turned against you. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps AAVE-USD145.960.0100pay 0.0013% / 1h31m 50s$128K$427K10x
ShortBloFin AAVE-USDT146.120.0081get 0.0081% / 8h7h 31m$3.5M$4.0M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
−$4.01
Price spread: +0.110% → −0.029%
$13.83
Slippage, 4 orders
−$12.17
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$22.35
Costs to cover
0.322%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 41 min ago; BloFin: live order book, 2 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 Polymarket Perps live order book, 41 min ago1.37 bp6.7 bp −$77.5 bp −$75doesn't fitdoesn't fit
Sell BloFin live order book, 2 min ago1.71 bp8.4 bp −$815.6 bp −$15638.1 bp −$3,809doesn'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
Kraken Futures PF_AAVEUSD−0.0184%1h146.20+0.162%$3.5M$2.1M50xas long as short
01 Exchange AAVEUSD−0.0144%1h145.80−0.110%$11K$2K5xas long as short
SoDEX AAVE-USD−0.0115%1h146.08+0.082%$5K$305K10xas long as short
dYdX AAVE-USD0.0000%1h146.23+0.182%$104K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h145.98+0.014%$77K$1.5M3.4xas long as short
Phoenix AAVE0.0000%1h146.19+0.158%$5K$102K10xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h146.15+0.130%$255K$369K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h146.14+0.125%$71K150xas long as short
Phemex AAVEUSDT+0.0009%8h146.07+0.075%$4.2M$3.8M50xas long as short
Gate AAVE_USDT+0.0016%8h146.17+0.144%$7.9M$15.2M75xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance AAVEUSDT+0.0019%8h146.20+0.164%$66.3M$184.8M75xas long as short
MEXC AAVE_USDT+0.0020%8h146.15+0.130%$29.2M$25.8M200xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−6.166%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h145.93−0.019%20xas long as short
Orderly PERP_AAVE_USDC+0.0047%8h146.09+0.089%$18K$10K10xas long as short
OKX AAVE-USDT-SWAP+0.0062%8h146.23+0.185%$18.0M$66.7M50xas long as short
ApeX Omni AAVEUSDT+0.0067%1h146.03+0.048%$136K$230K50xas long as short
GRVT AAVE_USDT_Perp+0.0071%8h145.82−0.093%$461K$3.8M10xas long as short
BloFin AAVE-USDTshort+0.0081%8h146.12+0.110%$3.5M$4.0M100x
Bybit AAVEUSDT+0.0085%8h146.21+0.171%$62.5M$65.3M75xas long as short
Aevo AAVE-PERP+0.0088%1h146.10+0.099%$123K$14610xas long as short
Lighter AAVE+0.0096%1h146.40+0.298%$4.7M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h145.93−0.024%$14K$4K20xas long as short
Nado AAVE-PERP+0.0100%1h145.82−0.098%$797K$445K10xas long as short
Hyperliquid AAVE+0.0100%1h146.28+0.219%$79.8M$35.3M10xas long as short
Aster AAVEUSDT+0.0100%8h146.16+0.139%$1.4M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h145.99+0.022%$333K$503K10xas long as short
Arcus AAVE-USD+0.0100%1h145.83−0.089%$46K$278K10xas long as short
Bulk AAVE-USD+0.0100%1h145.72−0.164%$61K−$010xas long as short
KuCoin AAVEUSDTM+0.0100%8h146.17+0.144%$10.1M$8.7M75xas long as short
Bitget AAVEUSDT+0.0100%8h146.16+0.137%$30.4M$18.1M75xas long as short
BingX AAVE-USDT+0.0100%8h146.16+0.137%$44.1Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h146.23+0.185%$333K$741K10xas long as short
Variational Omni AAVE+0.0100%8h145.87−0.060%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h145.80−0.111%$105K$318K20xas long as short
Polymarket Perps AAVE-USDlong+0.0100%1h145.96long leg$128K$427K10x
SunX AAVE-USDT+0.0100%8h145.84−0.086%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h146.29+0.223%$712K$5.2M75xas long as short
Extended AAVE-USD+0.0104%1h146.14+0.123%$933K$1.7M50xas long as short
RISEx AAVE/USDC+0.0107%1h145.86−0.066%$185K$246K10xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0233% / S −0.0363%1h146.14+0.123%$127K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0296%1h146.17+0.144%$786K$3.1M50xas long as short