Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.009%

Price spread now: gTrade (Gains Network) against MEXC+0.086%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.086% dearer against MEXC than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	144.64	0.0060	pay 0.0060% / 8h	2h 25m	$31.5M	$26.3M	200x
Short	gTrade (Gains Network) AAVE/USD	144.76	L +0.0005% / S −0.0004%	get 0.0000% / 1h	25m 17s	$70K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.086%Rate

Funding earned: −$11.79
Price spread: +0.086% → 0.000%: $8.57
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$13.22
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. 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 MEXC live order book, 4 min ago	0.35 bp	0.3 bp $0	2.3 bp −$23	29.0 bp −$2,900	92.3 bp −$46.2K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Deribit AAVE_USDC-PERPETUAL	−0.0510%	1h	144.68	+0.028%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0187%	1h	144.65	+0.007%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.71	+0.048%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.80	+0.111%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.85	+0.143%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.59	−0.035%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	144.76	+0.086%	$70K	—	150x
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.82	+0.122%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.310%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.67	+0.022%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0047%	1h	144.75	+0.076%	$135K	$229K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.67	+0.021%	$17.5M	$66.1M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	144.66	+0.014%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0054%	8h	144.68	+0.028%	$7.7M	$15.8M	75x	as long as short
Binance AAVEUSDT	+0.0059%	8h	144.64	0.000%	$65.9M	$184.1M	75x	as long as short
MEXC AAVE_USDTlong	+0.0060%	8h	144.64	long leg	$31.5M	$26.3M	200x
Nado AAVE-PERP	+0.0086%	1h	144.77	+0.088%	$803K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.76	+0.082%	$456K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.87	+0.160%	$4.7M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.70	+0.043%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.74	+0.070%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.72	+0.053%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.83	+0.131%	$80.5M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.74	+0.070%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.71	+0.046%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.70	+0.041%	$61.6M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.70	+0.041%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.237%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.71	+0.048%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.67	+0.021%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.67	+0.021%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.96	+0.221%	$378K	$702K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.87	+0.159%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.67	+0.022%	$101K	$312K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.78	+0.097%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.64	+0.001%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.81	+0.117%	$721K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.68	+0.028%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.65	+0.007%	$933K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0179%	8h	144.65	+0.007%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.194%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.74	+0.072%	$125K	—	100x	as long as short