Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: Arcus against MEXC+0.140%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on MEXC Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.140%, 7d avg +0.004%

Together, before fees−0.130%−$13 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: Arcus is 0.136% dearer against MEXC than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	142.62	0.0100	pay 0.0100% / 8h	4h 28m	$25.1M	$23.8M	200x
Short	Arcus AAVE-USD	142.82	0.0100	get 0.0013% / 1h	28m 02s	$64K	$205K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → +0.004%: $13.58
Slippage, 4 orders: −$15.21
Fee MEXC: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$6.13
Costs to cover: 0.197%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Arcus: live order book, 30 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, 1 min ago	0.35 bp	0.7 bp −$1	5.3 bp −$53	40.0 bp −$3,999	120.8 bp −$60.4K
Sell Arcus live order book, 30 min ago	2.81 bp	6.5 bp −$7	16.7 bp −$167	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
01 Exchange AAVEUSD	−0.0152%	1h	142.61	−0.007%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0101%	1h	142.47	−0.105%	$219K	$401K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.74	+0.083%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.50	−0.084%	$46K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.56	−0.042%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0014%	1h	142.65	+0.025%	$841K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.969%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.68	+0.043%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	142.49	−0.091%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.03	+0.287%	$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
SoDEX AAVE-USD	+0.0082%	1h	142.46	−0.112%	$5K	$292K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.57	−0.032%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.70	+0.056%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.60	−0.014%	$76.8M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.55	−0.048%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.74	+0.087%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.59	−0.021%	$63.8M	$186.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.57	−0.035%	$61.0M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.61	−0.007%	$17.1M	$64.1M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	142.82	+0.140%	$64K	$205K	10x
Bulk AAVE-USD	+0.0100%	1h	141.50	−0.789%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.49	−0.091%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	142.62	long leg	$25.1M	$23.8M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	142.49	−0.091%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.48	−0.098%	$29.0M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.49	−0.091%	—	$43.7M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.57	−0.035%	$336K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.70	+0.056%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.66	+0.026%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.75	+0.091%	$446K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.16	−0.323%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.70	+0.056%	$123K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.45	−0.116%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.140%	$687K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.43	−0.133%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.56	−0.039%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.52	−0.068%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.71	+0.060%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.10	+0.337%	$3.4M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.58	−0.026%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0325%	1h	142.58	−0.031%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.09	+0.330%	$793K	$2.8M	50x	as long as short