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 −0.015%

Price spread now: MEXC against ApeX Omni−0.346%51s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$280.282% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now −0.346%, 7d avg −0.007%

Together, before fees+0.032%+$3 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: MEXC is 0.339% cheaper against ApeX Omni than usual: you would sell low and buy high, −$34 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 51 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	ApeX Omni AAVEUSDT	144.40	0.0100	pay 0.0013% / 1h	14m 36s	$134K	$219K	50x
Short	MEXC AAVE_USDT	143.90	0.0100	get 0.0100% / 8h	5h 14m	$26.1M	$23.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against ApeX Omni. 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 ApeX OmnibpFee MEXCbpOrdersPrice spread, now −0.346%Rate

Funding earned: $0
Price spread: −0.346% → −0.007%: −$33.88
Slippage, 4 orders: −$18.17
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$62.05
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 47 min ago; MEXC: live order book, 4 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 ApeX Omni live order book, 47 min ago	4.85 bp	13.0 bp −$13	100.5 bp −$1,005	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.35 bp	1.6 bp −$2	6.3 bp −$63	38.1 bp −$3,813	97.5 bp −$48.7K

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	−0.0048%	1h	143.91	−0.339%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.98	−0.290%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.04	−0.249%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.08	−0.222%	$228K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.10	−0.205%	$81K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.152%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.08	−0.225%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	144.08	−0.222%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0052%	1h	144.09	−0.215%	$832K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.42	+0.014%	$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	144.13	−0.188%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.96	−0.308%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.07	−0.229%	$77.9M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.00	−0.274%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.94	−0.319%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.89	−0.353%	$64.4M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.91	−0.339%	$61.4M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.92	−0.332%	$17.3M	$63.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.95	−0.312%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.225%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.92	−0.332%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	143.90	−0.346%	$26.1M	$23.7M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	143.96	−0.305%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.93	−0.325%	$30.2M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.90	−0.346%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.10	−0.208%	$321K	$692K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	−0.085%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.34	−0.039%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.39	−0.007%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDTlong	+0.0100%	1h	144.40	long leg	$134K	$219K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	144.14	−0.180%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.05	−0.242%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.07	−0.229%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.48	+0.055%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.13	−0.187%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.88	−0.363%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.10	−0.208%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.98	−0.289%	$187K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.05	−0.242%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.11	−0.204%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.15	−0.173%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.32	−0.055%	$785K	$2.8M	50x	as long as short