Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.001%

Price spread now: MEXC against Injective+4.622%7-day average — · you sell dearer than you buy

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 4.622% dearer against Injective than usual: you sell high and buy low: +$462 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AAVE/USDC PERP	136.96	0.0033	pay 0.0004% / 1h	1m 03s	$422	$51K	12x
Short	MEXC AAVE_USDT	143.29	0.0100	get 0.0100% / 8h	4h 01m	$25.1M	$23.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now +4.622%Rate

Funding earned: $14
Price spread: +4.622% → 0.000%: $462.18
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 0 bp × 2 orders: $0
Net: $476.16
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	0.35 bp	1.0 bp −$1	6.5 bp −$65	41.3 bp −$4,130	110.1 bp −$55.1K

Injective: 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
01 Exchange AAVEUSD	−0.0128%	1h	143.39	+4.695%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.37	+4.677%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.08	+4.468%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.26	+4.600%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.29	+4.623%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0010%	1h	143.37	+4.680%	$843K	$448K	10x	as long as short
Injective AAVE/USDC PERPlong	+0.0033%	1h	136.96	long leg	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	143.26	+4.601%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.25	+4.593%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.24	+4.585%	$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
Phemex AAVEUSDT	+0.0071%	8h	143.26	+4.600%	$4.0M	$3.7M	50x	as long as short
SoDEX AAVE-USD	+0.0093%	1h	143.26	+4.600%	$5K	$302K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.40	+4.701%	$4.6M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.27	+4.610%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.46	+4.746%	$78.2M	$36.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.35	+4.666%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.33	+4.651%	$328K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.28	+4.611%	$63.9M	$187.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.27	+4.607%	$61.5M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.26	+4.600%	$17.2M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.44	+4.731%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	+4.067%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.28	+4.614%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	143.29	+4.622%	$25.1M	$23.9M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	143.30	+4.629%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.24	+4.585%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.26	+4.600%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.38	+4.688%	$337K	$720K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.26	+4.600%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.94	+4.364%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.03	+4.430%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.03	+4.432%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.35	+4.666%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.29	+4.620%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.48	+4.760%	$690K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.21	+4.566%	$901K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.28	+4.618%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.38	+4.687%	$179K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.30	+4.629%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.29	+4.619%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.36	+4.675%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	+4.352%	$793K	$2.8M	50x	as long as short