Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.046%

Price spread now: Hyperliquid against MEXC+0.011%7-day average +0.056% · 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−$20as in the Price arb table

costs, in and out, $10k−$160.156% of the position

Long on MEXC Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.011%, 7d avg +0.056%

Together, before fees+0.087%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 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: Hyperliquid is 0.045% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	144.37	0.0100	pay 0.0100% / 8h	5h 18m	$26.1M	$23.6M	200x
Short	Hyperliquid AAVE	144.39	0.0100	get 0.0013% / 1h	18m 32s	$78.1M	$35.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.056%: −$4.45
Slippage, 4 orders: −$6.58
Fee MEXC: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$20.03
Costs to cover: 0.156%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Hyperliquid: live order book, 5 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, 5 min ago	0.35 bp	1.9 bp −$2	4.6 bp −$46	25.1 bp −$2,511	104.2 bp −$52.1K
Sell Hyperliquid live order book, 5 min ago	0.69 bp	6.7 bp −$7	13.6 bp −$136	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	−0.0048%	1h	144.36	−0.007%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.44	+0.051%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.36	−0.007%	$61K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.42	+0.035%	$229K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.48	+0.078%	$81K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.133%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.21	−0.108%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	144.42	+0.035%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0048%	1h	144.24	−0.088%	$833K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.46	+0.062%	$5K	$98K	10x	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	144.59	+0.155%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.37	0.000%	$14K	$4K	20x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	144.39	+0.011%	$78.1M	$35.1M	10x
Aster AAVEUSDT	+0.0100%	8h	144.47	+0.068%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.39	+0.015%	$329K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.31	−0.041%	$64.6M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.28	−0.062%	$61.5M	$64.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.24	−0.090%	$17.2M	$63.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.37	0.000%	$45K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.91	−0.317%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.32	−0.035%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	144.37	long leg	$26.1M	$23.6M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	144.37	0.000%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.35	−0.014%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.31	−0.042%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.51	+0.097%	$322K	$693K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.42	+0.033%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.40	+0.022%	$104K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.31	−0.045%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.44	+0.048%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.29	−0.055%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.44	+0.048%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.43	+0.042%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.55	+0.123%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.42	+0.035%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.27	−0.071%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.44	+0.050%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.39	+0.012%	$188K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.43	+0.042%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.47	+0.067%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.53	+0.111%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.97	−0.277%	$783K	$2.8M	50x	as long as short