Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h −0.022%

Price spread now: Kraken Futures against MEXC+0.026%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 4 days (all we have)+0.364%+$36 · spread now +0.026%, 7d avg +0.023%

Together, before fees+0.275%+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.089%, 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	142.36	0.0100	pay 0.0100% / 8h	3h 01m	$25.7M	$24.1M	200x
Short	Kraken Futures PF_AAVEUSD	142.40	0.0249	get 0.0031% / 1h	1m 57s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.026%Rate

Funding earned: $31.24
Price spread: +0.026% → +0.023%: $0.26
Slippage, 4 orders: −$19.56
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $1.95
Costs to cover: 0.296%
Break-even: 6.6 days

Slippage from MEXC: live order book, 2 min ago; Kraken Futures: live order book, 2 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	1.9 bp −$2	6.1 bp −$61	40.8 bp −$4,076	105.5 bp −$52.7K
Sell Kraken Futures live order book, 2 min ago	4.56 bp	15.2 bp −$15	21.7 bp −$217	127.6 bp −$12.8K	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
dYdX AAVE-USD	0.0000%	1h	142.36	+0.001%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.53	+0.119%	$49K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.33	−0.021%	$217K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.36	+0.003%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.793%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	142.90	+0.379%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.34	−0.013%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0045%	1h	142.25	−0.077%	$826K	$400K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0058%	8h	142.33	−0.021%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0075%	8h	142.34	−0.014%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.34	−0.012%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.51	+0.105%	$77.9M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.39	+0.021%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.37	+0.009%	$326K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.39	+0.018%	$63.6M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.35	−0.007%	$61.1M	$67.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.33	−0.021%	$17.1M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.39	+0.021%	$63K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.61	+0.176%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.39	+0.021%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	142.36	long leg	$25.7M	$24.1M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	142.40	+0.028%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.31	−0.035%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.38	+0.014%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.41	+0.035%	$335K	$725K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.93	+0.400%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.83	+0.327%	$104K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.78	+0.296%	$456K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.91	+0.386%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.42	+0.042%	$131K	$450K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.31	−0.034%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.33	−0.021%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.070%	$681K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.30	−0.044%	$906K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.36	0.000%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.37	+0.007%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	142.34	−0.017%	$185K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.58	+0.155%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0249%	1h	142.40	+0.026%	$3.4M	$2.1M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.34	−0.011%	$111K	—	100x	as long as short
Lighter AAVE	+0.0256%	1h	142.54	+0.127%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	142.48	+0.084%	$783K	$2.8M	50x	as long as short