Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: ApeX Omni against MEXC+0.028%66s7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.291% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.186%+$19 · spread now +0.028%, 7d avg +0.006%

Together, before fees+0.258%+$26 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: ApeX Omni is 0.022% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	143.30	0.0100	pay 0.0100% / 8h	3h 56m	$25.0M	$23.7M	200x
Short	ApeX Omni AAVEUSDT	143.34	0.0100	get 0.0013% / 1h	56m 17s	$133K	$220K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.028%Rate

Funding earned: $0
Price spread: +0.028% → +0.006%: $2.15
Slippage, 4 orders: −$19.11
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$26.95
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; ApeX Omni: live order book, 60 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 MEXC live order book, 2 min ago	0.35 bp	1.9 bp −$2	7.3 bp −$73	35.1 bp −$3,514	114.6 bp −$57.3K
Sell ApeX Omni live order book, 60 min ago	4.92 bp	12.6 bp −$13	85.6 bp −$856	doesn't fit	doesn't fit

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	143.54	+0.168%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.44	+0.098%	$55K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.47	+0.119%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.41	+0.073%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.424%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.26	−0.027%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.42	+0.084%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0051%	8h	143.47	+0.119%	$4.0M	$3.7M	50x	as long as short
Phoenix AAVE	+0.0056%	1h	143.71	+0.286%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0083%	1h	143.33	+0.021%	$843K	$411K	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	143.55	+0.177%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.35	+0.038%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.38	+0.055%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.44	+0.098%	$328K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.40	+0.069%	$64.0M	$187.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.39	+0.063%	$61.6M	$67.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.40	+0.070%	$17.1M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.45	+0.105%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.537%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.41	+0.077%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	143.30	long leg	$25.0M	$23.7M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	143.37	+0.049%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.39	+0.063%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.38	+0.056%	—	$43.8M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.26	−0.028%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.32	+0.012%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.36	+0.039%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	143.34	+0.028%	$133K	$220K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	143.35	+0.035%	$127K	$437K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.35	+0.033%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.37	+0.049%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.55	+0.174%	$690K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.40	+0.067%	$908K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.39	+0.066%	$121K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	143.40	+0.070%	$10K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.39	+0.065%	$185K	$250K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0150%	1h	143.59	+0.202%	$337K	$720K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.49	+0.133%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	143.49	+0.132%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.40	+0.070%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.82	+0.363%	$789K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0373%	1h	143.51	+0.150%	$78.9M	$36.7M	10x	as long as short