Funding arb · Price arb /

AAVE

all AAVE markets

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: edgeX against MEXC−0.047%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.047%, 7d avg −0.019%

Together, before fees+0.345%+ Points / potential airdropedgeX: Active · farm board+$34 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: edgeX is 0.028% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	143.27	0.0100	pay 0.0100% / 8h	3h 59m	$25.1M	$23.7M	200x
Short	edgeX AAVEUSDC	143.20	0.0100	get 0.0050% / 4h	3h 59m	$103K	$280K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.019%: −$2.81
Slippage, 4 orders: −$10.3
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$22.12
Costs to cover: 0.193%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; edgeX: live order book, 58 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, 4 min ago	0.35 bp	1.5 bp −$1	5.0 bp −$50	29.7 bp −$2,969	95.9 bp −$48.0K
Sell edgeX live order book, 58 min ago	3.52 bp	8.2 bp −$8	11.2 bp −$112	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
SoDEX AAVE-USD	−0.0195%	1h	143.15	−0.084%	$5K	$302K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0169%	1h	143.15	−0.084%	$220K	$401K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.37	+0.067%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.32	+0.035%	$56K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.23	−0.027%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.404%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.24	−0.020%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.20	−0.049%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.24	−0.021%	$4K	$102K	10x	as long as short
Phemex AAVEUSDT	+0.0069%	8h	143.19	−0.056%	$4.0M	$3.7M	50x	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	143.27	0.000%	$4.6M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.46	+0.134%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.32	+0.038%	$843K	$442K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.52	+0.174%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.42	+0.105%	$328K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.21	−0.039%	$63.9M	$187.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.19	−0.056%	$61.5M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.16	−0.077%	$17.2M	$64.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.51	+0.168%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.517%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.26	−0.007%	$8.1M	$15.8M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	143.27	long leg	$25.1M	$23.7M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	143.30	+0.021%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.20	−0.049%	$29.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.22	−0.035%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.49	+0.154%	$337K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.26	−0.007%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	143.20	−0.047%	$103K	$280K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.03	−0.170%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.03	−0.168%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.39	+0.084%	$137K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.22	−0.037%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.59	+0.221%	$691K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.13	−0.098%	$902K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	143.45	+0.126%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.21	−0.039%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.47	+0.139%	$183K	$249K	10x	as long as short
Hyperliquid AAVE	+0.0175%	1h	143.51	+0.168%	$78.4M	$36.4M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.17	−0.070%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	143.22	−0.035%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.24	−0.019%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.50	+0.161%	$796K	$2.8M	50x	as long as short