Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.007%

Price spread now: MEXC against gTrade (Gains Network)+0.019%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	141.99	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	34m 08s	$79K	—	150x
Short	MEXC AAVE_USDT	142.02	0.0100	get 0.0100% / 8h	1h 34m	$24.6M	$24.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now +0.019%Rate

Funding earned: $19.96
Price spread: +0.019% → 0.000%: $1.9
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $11.86
Costs to cover: 0.100%
Break-even: 2.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 5 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 5 min ago	0.35 bp	2.0 bp −$2	4.8 bp −$48	32.7 bp −$3,274	116.2 bp −$58.1K

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	142.03	+0.024%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.99	−0.002%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.98	−0.009%	$216K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	141.99	long leg	$79K	—	150x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.545%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.91	−0.057%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0070%	1h	141.96	−0.023%	$821K	$400K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0078%	8h	141.96	−0.023%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.23	+0.167%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.11	+0.085%	$4.5M	$2.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	141.95	−0.029%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.09	+0.068%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.03	+0.024%	$324K	$450K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.06	+0.047%	$64.0M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.02	+0.019%	$61.1M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.04	+0.033%	$16.9M	$65.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.09	+0.068%	$63K	$197K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.05	+0.040%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	142.02	+0.019%	$24.6M	$24.0M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	142.02	+0.019%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.05	+0.040%	$29.0M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.06	+0.047%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.16	+0.118%	$374K	$742K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.03	+0.026%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.20	+0.143%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.27	+0.197%	$447K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.28	+0.202%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.00	+0.005%	$140K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.94	−0.038%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.96	−0.023%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.36	+0.256%	$675K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.00	+0.005%	$4.0M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.36	+0.255%	$57K	−$0	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.92	−0.052%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.99	−0.004%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.04	+0.033%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0155%	1h	142.23	+0.167%	$77.8M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.98	−0.009%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.98	−0.008%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.05	+0.038%	$192K	$263K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.00	+0.005%	$753K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.06	+0.044%	$3.4M	$2.1M	50x	as long as short