Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.021%

Price spread now: Extended against MEXC+0.007%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$160.155% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.007%, 7d avg −0.063%

Together, before fees+0.019%+ Points / potential airdropExtended: Active · farm board+$2 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: Extended is 0.069% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	143.02	0.0100	pay 0.0100% / 8h	4h 02m	$25.0M	$23.9M	200x
Short	Extended AAVE-USD	143.03	0.0104	get 0.0013% / 1h	2m 03s	$897K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0.84
Price spread: +0.007% → −0.063%: $6.95
Slippage, 4 orders: −$10.53
Fee MEXC: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$7.74
Costs to cover: 0.155%
Break-even: 71.5 days

Slippage from MEXC: live order book, 2 min ago; Extended: live order book, 1 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	1.5 bp −$1	5.0 bp −$50	29.7 bp −$2,969	95.9 bp −$48.0K
Sell Extended live order book, 1 min ago	0.70 bp	8.5 bp −$9	27.7 bp −$277	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	−0.0128%	1h	143.00	−0.014%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.04	+0.016%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.99	−0.021%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.10	+0.056%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.04	+0.015%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0011%	1h	142.99	−0.017%	$841K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.237%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.96	−0.041%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.05	+0.021%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.73	−0.203%	$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	+0.0085%	1h	143.09	+0.049%	$5K	$302K	10x	as long as short
Phemex AAVEUSDT	+0.0087%	8h	143.02	0.000%	$4.0M	$3.7M	50x	as long as short
Lighter AAVE	+0.0096%	1h	143.18	+0.113%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.99	−0.022%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.19	+0.122%	$78.0M	$36.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.10	+0.053%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.99	−0.018%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.02	−0.002%	$63.8M	$186.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.00	−0.014%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.98	−0.028%	$17.1M	$64.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.07	+0.035%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.343%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.08	+0.042%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	143.02	long leg	$25.0M	$23.9M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	143.08	+0.042%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.95	−0.049%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.06	+0.028%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.15	+0.091%	$336K	$720K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	−0.203%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.62	−0.280%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.87	−0.102%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.69	−0.231%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.04	+0.014%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.95	−0.050%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.19	+0.116%	$689K	$5.2M	75x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	143.03	+0.007%	$897K	$1.7M	50x
Aevo AAVE-PERP	+0.0104%	1h	143.11	+0.062%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.02	+0.003%	$178K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.00	−0.014%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.03	+0.006%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.20	+0.122%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	−0.070%	$793K	$2.8M	50x	as long as short