Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.009%

Price spread now: MEXC against dYdX−0.056%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1541.540% of the position

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.122%−$12 · spread now −0.056%, 7d avg −0.008%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.048% cheaper against dYdX than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of −0.008%). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	143.98	0	get 0.0000% / 1h	14m 40s	$103K	$4K	10x
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 dYdX. 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 dYdXbpFee MEXCbpOrdersPrice spread, now −0.056%Rate

Funding earned: $21
Price spread: −0.056% → −0.008%: −$4.78
Slippage, 4 orders: −$143.96
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$137.74
Costs to cover: 1.540%
Break-even: 52.9 days

Slippage from dYdX: live order book, 49 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 dYdX live order book, 49 min ago	69.43 bp	74.4 bp −$74	74.4 bp −$744	74.4 bp −$7,443	74.4 bp −$37.2K
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	−0.049%	$11K	$2K	5x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	143.98	long leg	$103K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.04	+0.041%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.08	+0.069%	$228K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.10	+0.086%	$81K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.876%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.08	+0.066%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	144.08	+0.069%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0052%	1h	144.09	+0.076%	$832K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.42	+0.305%	$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	+0.102%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.96	−0.017%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.07	+0.062%	$77.9M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.00	+0.017%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.94	−0.028%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.89	−0.063%	$64.4M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.91	−0.049%	$61.4M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.92	−0.042%	$17.3M	$63.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.95	−0.021%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.065%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.92	−0.042%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	143.90	−0.056%	$26.1M	$23.7M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	143.96	−0.014%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.93	−0.035%	$30.2M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.90	−0.056%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.10	+0.083%	$321K	$692K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.206%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.34	+0.252%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.39	+0.284%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.291%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.14	+0.111%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.05	+0.048%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.07	+0.062%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.48	+0.347%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.13	+0.104%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.88	−0.072%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.10	+0.083%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.98	+0.001%	$187K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.05	+0.048%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.11	+0.087%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.15	+0.118%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.32	+0.236%	$785K	$2.8M	50x	as long as short