Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: MEXC against Bybit+0.070%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

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

costs, in and out, $10k−$210.207% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.070%, 7d avg +0.023%

Together, before fees−0.010%−$1 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 0.048% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AAVEUSDT	142.25	0.0100	pay 0.0100% / 8h	4h 50m	$61.0M	$65.5M	75x
Short	MEXC AAVE_USDT	142.35	0.0100	get 0.0100% / 8h	4h 50m	$25.5M	$23.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → +0.023%: $4.77
Slippage, 4 orders: −$9.71
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$15.94
Costs to cover: 0.207%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: 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 Bybit live order book, 3 min ago	0.35 bp	8.2 bp −$8	16.4 bp −$164	67.9 bp −$6,787	doesn't fit
Sell MEXC live order book, 3 min ago	0.35 bp	2.4 bp −$2	7.0 bp −$70	35.2 bp −$3,518	97.2 bp −$48.6K

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	−0.0152%	1h	142.09	−0.112%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0054%	1h	142.08	−0.120%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0031%	1h	142.10	−0.105%	$223K	$396K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.14	−0.081%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.99	−0.183%	$53K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.14	−0.075%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.719%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.10	−0.108%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	142.05	−0.141%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.67	+0.295%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0071%	1h	142.09	−0.109%	$832K	$438K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.17	−0.056%	$4.5M	$1.7M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.12	−0.088%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.22	−0.024%	$76.8M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.16	−0.061%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.09	−0.110%	$323K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.26	+0.009%	$63.7M	$184.0M	75x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	142.25	long leg	$61.0M	$65.5M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.30	+0.035%	$17.0M	$63.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.14	−0.077%	$44K	$179K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.20	−0.035%	$7.9M	$15.4M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	142.35	+0.070%	$25.5M	$23.5M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	142.31	+0.042%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.20	−0.035%	$29.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.25	0.000%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.28	+0.021%	$346K	$705K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.06	−0.133%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.49	+0.170%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.52	+0.190%	$450K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.48	+0.162%	$132K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.16	−0.063%	$122K	$383K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.07	−0.124%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.145%	$685K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.11	−0.098%	$4.0M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.68	+0.300%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.25	−0.002%	$900K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.13	−0.087%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.18	−0.047%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.12	−0.091%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	142.14	−0.076%	$120K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0325%	1h	142.19	−0.044%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.401%	$774K	$2.8M	50x	as long as short