Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%

Price spread now: Bybit against Polymarket Perps+0.139%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Polymarket Perps Short on Bybit

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)−0.582%−$58 · spread now +0.139%, 7d avg −0.068%

Together, before fees−0.698%−$70 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: Bybit is 0.207% dearer against Polymarket Perps than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAVE-USD	143.61	0.0100	pay 0.0013% / 1h	35m 59s	$125K	$419K	10x
Short	Bybit AAVEUSDT	143.81	0.0100	get 0.0100% / 8h	5h 35m	$61.5M	$64.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → −0.068%: $20.7
Slippage, 4 orders: −$14.33
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$12.63
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 26 min ago; Bybit: live order book, 3 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	1.73 bp	8.3 bp −$8	9.3 bp −$93	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.35 bp	9.6 bp −$10	18.9 bp −$189	67.6 bp −$6,757	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
01 Exchange AAVEUSD	−0.0064%	1h	143.58	−0.021%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.59	−0.017%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.68	+0.049%	$60K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.84	+0.160%	$228K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.80	+0.132%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.631%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.76	+0.104%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.61	0.000%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0072%	1h	143.65	+0.028%	$832K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.28	−0.230%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.04	+0.302%	$4.6M	$1.5M	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0098%	8h	143.77	+0.111%	$17.2M	$63.5M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.59	−0.011%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.99	+0.265%	$77.9M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.91	+0.207%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.57	−0.025%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.81	+0.139%	$64.4M	$182.9M	75x	as long as short
Bybit AAVEUSDTshort	+0.0100%	8h	143.81	+0.139%	$61.5M	$64.2M	75x
Arcus AAVE-USD	+0.0100%	1h	143.63	+0.014%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	−0.037%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.81	+0.139%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.85	+0.167%	$26.0M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.90	+0.202%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.85	+0.167%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.79	+0.125%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.00	+0.272%	$321K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.76	+0.102%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.52	−0.066%	$103K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.26	−0.245%	$455K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.31	−0.209%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	143.61	long leg	$125K	$419K	10x
SunX AAVE-USDT	+0.0100%	8h	143.65	+0.029%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.84	+0.160%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.07	+0.318%	$695K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.85	+0.167%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.82	+0.147%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.82	+0.147%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.65	+0.030%	$188K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.38	−0.160%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.76	+0.102%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.94	+0.228%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.47	−0.097%	$776K	$2.8M	50x	as long as short