Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.021%

Price spread now: MEXC against Pacifica−0.115%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$170.169% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.115%, 7d avg −0.008%

Together, before fees+0.015%+ Points / potential airdropPacifica: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.107% cheaper against Pacifica than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	146.11	0.0100	pay 0.0013% / 1h	41m 19s	$333K	$503K	10x
Short	MEXC AAVE_USDT	145.94	0.0024	get 0.0024% / 8h	7h 41m	$29.2M	$25.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Pacifica. 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 PacificabpFee MEXCbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$15.96
Price spread: −0.115% → −0.008%: −$10.75
Slippage, 4 orders: −$8.95
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$43.65
Costs to cover: 0.169%
Break-even: never at this rate

Slippage from Pacifica: live order book, 32 min ago; MEXC: 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 Pacifica live order book, 32 min ago	2.39 bp	7.7 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.34 bp	1.4 bp −$1	6.4 bp −$64	41.8 bp −$4,183	90.4 bp −$45.2K

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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.12	+0.008%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	145.98	−0.088%	$11K	$2K	5x	as long as short
Phemex AAVEUSDT	−0.0107%	8h	145.98	−0.088%	$4.1M	$3.8M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0092%	1h	146.01	−0.067%	$255K	$373K	50x	as long as short
SoDEX AAVE-USD	−0.0073%	1h	145.97	−0.094%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.21	+0.070%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.94	−0.115%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.21	+0.070%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.04	−0.044%	$71K	—	150x	as long as short
MEXC AAVE_USDTshort	+0.0024%	8h	145.94	−0.115%	$29.2M	$25.7M	200x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0024%	8h	145.93	−0.122%	$66.1M	$186.8M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.261%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.95	−0.110%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	145.98	−0.088%	$18K	$10K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0049%	1h	145.80	−0.211%	$136K	$230K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	145.89	−0.149%	$17.9M	$67.2M	50x	as long as short
Gate AAVE_USDT	+0.0086%	8h	146.00	−0.074%	$7.9M	$15.2M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.00	−0.074%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.13	+0.015%	$4.7M	$1.5M	10x	as long as short
BloFin AAVE-USDT	+0.0096%	8h	145.90	−0.142%	$3.5M	$4.1M	100x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.98	−0.086%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.98	−0.089%	$798K	$446K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.11	+0.001%	$79.7M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.02	−0.062%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	146.11	long leg	$333K	$503K	10x
Bybit AAVEUSDT	+0.0100%	8h	145.91	−0.136%	$62.4M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.00	−0.074%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.05	−0.040%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.96	−0.101%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.98	−0.088%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.97	−0.094%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.42	+0.214%	$347K	$734K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.08	−0.018%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.12	+0.008%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.12	+0.006%	$462K	$3.9M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.05	−0.040%	$128K	$433K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.96	−0.099%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.12	+0.005%	$698K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.93	−0.119%	$932K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.03	−0.051%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	146.01	−0.068%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.08	−0.019%	$786K	$3.1M	50x	as long as short