Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.021%

Price spread now: MEXC against Extended+0.015%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days+0.017%+$2 · spread now +0.015%, 7d avg +0.062%

Together, before fees−0.050%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.047% cheaper against Extended than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	146.40	0.0104	pay 0.0013% / 1h	15m 11s	$939K	$1.7M	50x
Short	MEXC AAVE_USDT	146.42	0.0022	get 0.0022% / 8h	7h 15m	$28.9M	$25.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$17.22
Price spread: +0.015% → +0.062%: −$4.68
Slippage, 4 orders: −$15.08
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$41.97
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from Extended: live order book, 3 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 Extended live order book, 3 min ago	4.45 bp	8.4 bp −$8	34.8 bp −$348	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.34 bp	0.7 bp −$1	6.1 bp −$61	39.8 bp −$3,981	134.3 bp −$67.1K

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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.59	+0.134%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0152%	1h	146.37	−0.019%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0082%	1h	146.44	+0.029%	$5K	$295K	10x	as long as short
Phemex AAVEUSDT	−0.0070%	8h	146.42	+0.015%	$4.2M	$3.8M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0023%	1h	146.47	+0.049%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.55	+0.104%	$105K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.43	+0.022%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.33	−0.046%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.51	+0.076%	$71K	—	150x	as long as short
MEXC AAVE_USDTshort	+0.0022%	8h	146.42	+0.015%	$28.9M	$25.8M	200x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0023%	8h	146.44	+0.029%	$66.3M	$183.4M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0024%	1h	146.19	−0.142%	$136K	$231K	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.447%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.41	+0.007%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.43	+0.022%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	146.40	+0.002%	$17.9M	$66.4M	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	146.48	+0.056%	$7.9M	$15.3M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.46	+0.042%	$124K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0093%	8h	146.39	−0.005%	$3.5M	$3.5M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.66	+0.180%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.50	+0.070%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.49	+0.060%	$801K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.55	+0.104%	$79.9M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.49	+0.063%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.53	+0.090%	$334K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.42	+0.015%	$62.7M	$65.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.45	+0.036%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.418%	$59K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.52	+0.083%	$11.1M	$9.0M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.40	+0.002%	$30.3M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.44	+0.029%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.55	+0.104%	$332K	$736K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.27	−0.086%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.09	−0.212%	$105K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.19	−0.143%	$462K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.52	+0.083%	$127K	$416K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.41	+0.011%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.77	+0.257%	$714K	$5.2M	75x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	146.40	long leg	$939K	$1.7M	50x
RISEx AAVE/USDC	+0.0107%	1h	146.48	+0.055%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0373%	1h	146.49	+0.063%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.42	+0.015%	$785K	$2.9M	50x	as long as short