Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0402%/8h= +44.0% APRpaid last 24h +0.028%

Price spread now: GMX against MEXC+0.092%7-day average +0.041% · you sell dearer than you buy

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.144%−$14 on $10k

Price spread, last 3 days (all we have)+0.143%+$14 · spread now +0.092%, 7d avg +0.041%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and GMX is 0.051% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.041%. Mind the row above: over the last 3 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	145.01	0.0036	pay 0.0036% / 8h	1h 10m	$30.8M	$25.9M	200x
Short	GMX AAVE/USD [AAVE-USDC]	145.14	L +0.0267% / S −0.0438%	get 0.0055% / 1h	10m 37s	$125K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.092%Rate

Funding earned: $84.33
Price spread: +0.092% → +0.041%: $5.08
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $77.4
Costs to cover: 0.120%
Break-even: 0.6 days

Slippage unknown: MEXC: live order book, 3 min ago; GMX: 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, 3 min ago	0.34 bp	0.7 bp −$1	5.4 bp −$54	40.8 bp −$4,078	129.6 bp −$64.8K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
01 Exchange AAVEUSD	−0.0128%	1h	145.01	0.000%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	145.09	+0.055%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0035%	1h	145.11	+0.069%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	145.13	+0.083%	$255K	$465K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.12	+0.077%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.11	+0.069%	$66K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.14	+0.091%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.551%	$422	$51K	12x	as long as short
MEXC AAVE_USDTlong	+0.0036%	8h	145.01	long leg	$30.8M	$25.9M	200x
Binance AAVEUSDT	+0.0037%	8h	145.08	+0.046%	$66.1M	$185.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.06	+0.031%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.07	+0.041%	$180K	$245K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.11	+0.069%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.22	+0.147%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0057%	8h	144.98	−0.021%	$17.6M	$66.9M	50x	as long as short
Gate AAVE_USDT	+0.0066%	8h	145.03	+0.014%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.16	+0.107%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.29	+0.196%	$4.7M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0099%	8h	145.02	+0.008%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.99	−0.013%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.06	+0.031%	$803K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.23	+0.152%	$79.8M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.17	+0.112%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.09	+0.054%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.00	−0.007%	$61.6M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.03	+0.014%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.13	+0.080%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.04	+0.021%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.03	+0.014%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.03	+0.014%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.23	+0.152%	$347K	$723K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.10	+0.060%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.01	+0.002%	$104K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.10	+0.062%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.14	+0.090%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.04	+0.023%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.22	+0.142%	$695K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.14	+0.090%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.97	−0.027%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	145.13	+0.083%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]short	L +0.0267% / S −0.0438%	1h	145.14	+0.092%	$125K	—	100x
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	+0.034%	$787K	$3.0M	50x	as long as short