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: Deribit against Polymarket Perps−0.014%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

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

Long on Polymarket Perps Short on Deribit

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)+0.079%+$8 · spread now −0.014%, 7d avg −0.056%

Together, before fees−0.432%−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.043% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.056%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.511% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAVE-USD	144.30	0.0100	pay 0.0013% / 1h	20m 09s	$124K	$419K	10x
Short	Deribit AAVE_USDC-PERPETUAL	144.28	0	get 0.0000% / 1h	20m 09s	$245K	$363K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$21
Price spread: −0.014% → −0.056%: $4.25
Slippage, 4 orders: −$21.32
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$53.07
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 47 min ago; Deribit: live order book, 44 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, 47 min ago	3.08 bp	9.1 bp −$9	9.6 bp −$96	doesn't fit	doesn't fit
Sell Deribit live order book, 44 min ago	6.54 bp	10.1 bp −$10	15.3 bp −$153	doesn't fit	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	144.29	−0.007%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.38	+0.059%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.40	+0.070%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.38	+0.055%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUALshort	0.0000%	1h	144.28	−0.014%	$245K	$363K	50x
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.31	+0.008%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.83	+0.367%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.087%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.25	−0.038%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.33	+0.021%	$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	+0.0063%	8h	144.15	−0.104%	$26.8M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0065%	8h	144.13	−0.118%	$65.1M	$184.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0077%	8h	144.08	−0.152%	$17.3M	$65.1M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.34	+0.026%	$200K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.52	+0.153%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.33	+0.020%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.33	+0.018%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.25	−0.038%	$802K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.24	−0.042%	$78.1M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.26	−0.030%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.34	+0.026%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.12	−0.125%	$61.6M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.31	+0.007%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.099%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.17	−0.090%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.30	0.000%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.12	−0.125%	$30.0M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.18	−0.083%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.25	−0.035%	$322K	$743K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.48	+0.124%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.81	+0.353%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.81	+0.354%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.80	+0.347%	$135K	$219K	50x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	144.30	long leg	$124K	$419K	10x
SunX AAVE-USDT	+0.0100%	8h	144.36	+0.039%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.30	0.000%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.24	−0.041%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.20	−0.069%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.24	−0.044%	$922K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0243% / S −0.0375%	1h	144.31	+0.007%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.27	−0.021%	$790K	$2.8M	50x	as long as short