Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: MEXC against edgeX+0.268%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.354%−$35 · spread now +0.268%, 7d avg +0.022%

Together, before fees−0.437%+ Points / potential airdropedgeX: Active · farm board−$44 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 0.246% dearer against edgeX than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX AAVEUSDC	141.94	0.0100	pay 0.0050% / 4h	2h 23m	$105K	$280K	20x
Short	MEXC AAVE_USDT	142.32	0.0100	get 0.0100% / 8h	2h 23m	$25.1M	$24.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against edgeX. 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 edgeXbpFee MEXCbpOrdersPrice spread, now +0.268%Rate

Funding earned: $0
Price spread: +0.268% → +0.022%: $24.56
Slippage, 4 orders: −$12.15
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $3.41
Costs to cover: 0.211%
Break-even: from the start

Slippage from edgeX: live order book, 25 min ago; MEXC: live order book, 1 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 edgeX live order book, 25 min ago	3.49 bp	8.2 bp −$8	11.6 bp −$116	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.70 bp	2.6 bp −$3	7.1 bp −$71	38.5 bp −$3,855	111.3 bp −$55.6K

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
dYdX AAVE-USD	0.0000%	1h	142.21	+0.189%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.16	+0.155%	$49K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.20	+0.183%	$216K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.19	+0.176%	$79K	—	150x	as long as short
Nado AAVE-PERP	+0.0031%	1h	142.10	+0.116%	$832K	$403K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.508%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.06	+0.082%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0069%	8h	142.22	+0.197%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.17	+0.160%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.33	+0.275%	$77.7M	$37.1M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	142.36	+0.294%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.22	+0.195%	$325K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.36	+0.298%	$63.9M	$190.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.31	+0.261%	$61.0M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.29	+0.247%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.23	+0.204%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.34	+0.280%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.19	+0.176%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	142.32	+0.268%	$25.1M	$24.1M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	142.31	+0.261%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.29	+0.247%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.35	+0.289%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.03	+0.065%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	141.94	long leg	$105K	$280K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.34	+0.282%	$454K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.04	+0.071%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.16	+0.155%	$140K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.12	+0.127%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.22	+0.197%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.49	+0.385%	$679K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.23	+0.204%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.29	+0.244%	$901K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.18	+0.169%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.22	+0.196%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.01	+0.049%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0139%	1h	142.33	+0.275%	$337K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.19	+0.177%	$190K	$253K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.17	+0.162%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.30	+0.257%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.16	+0.154%	$111K	—	100x	as long as short
Lighter AAVE	+0.0264%	1h	142.42	+0.341%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.17	+0.162%	$758K	$2.8M	50x	as long as short