Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h −0.021%

Price spread now: MEXC against Arcus+0.035%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Arcus Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.035%, 7d avg −0.005%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.040% dearer against Arcus than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.005%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	144.45	0.0100	pay 0.0013% / 1h	28m 34s	$45K	$181K	10x
Short	MEXC AAVE_USDT	144.50	0.0053	get 0.0053% / 8h	6h 28m	$26.9M	$24.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Arcus. 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 ArcusbpFee MEXCbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$9.87
Price spread: +0.035% → −0.005%: $3.97
Slippage, 4 orders: −$15.89
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.29
Costs to cover: 0.204%
Break-even: never at this rate

Slippage from Arcus: live order book, 40 min ago; MEXC: live order book, 5 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 Arcus live order book, 40 min ago	2.39 bp	10.4 bp −$10	25.1 bp −$251	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.35 bp	1.7 bp −$2	7.2 bp −$72	37.7 bp −$3,767	105.4 bp −$52.7K

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	−0.0056%	1h	144.43	−0.014%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.21	−0.168%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.37	−0.058%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.08	−0.256%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.13	−0.222%	$250K	$362K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.22	−0.157%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.55	+0.069%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.185%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.15	−0.208%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.40	−0.037%	—	—	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDTshort	+0.0053%	8h	144.50	+0.035%	$26.9M	$24.9M	200x
Binance AAVEUSDT	+0.0055%	8h	144.44	−0.006%	$65.1M	$184.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0072%	8h	144.43	−0.014%	$17.4M	$65.5M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.48	+0.023%	$189K	$231K	10x	as long as short
Gate AAVE_USDT	+0.0091%	8h	144.44	−0.007%	$7.8M	$15.2M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.51	+0.040%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.16	−0.200%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.42	−0.021%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.39	−0.038%	$803K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.39	−0.042%	$78.2M	$35.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.35	−0.067%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.41	−0.028%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.44	−0.007%	$61.8M	$64.8M	75x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	144.45	long leg	$45K	$181K	10x
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.660%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.29	−0.111%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.43	−0.014%	$30.0M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.41	−0.028%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.26	−0.132%	$324K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.14	−0.213%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.20	−0.176%	$104K	$319K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.87	−0.399%	$452K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.20	−0.173%	$134K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.48	+0.021%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.50	+0.033%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.09	−0.249%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.42	−0.022%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.14	−0.215%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.36	−0.065%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0238% / S −0.0363%	1h	144.26	−0.130%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.51	+0.042%	$774K	$2.8M	50x	as long as short