Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.020%

Price spread now: MEXC against Polymarket Perps+0.014%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$170.174% of the position

Long on Polymarket Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 3 days (all we have)−0.272%−$27 · spread now +0.014%, 7d avg −0.042%

Together, before fees−0.344%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.056% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.042%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAVE-USD	145.10	0.0100	pay 0.0013% / 1h	22m 08s	$127K	$467K	10x
Short	MEXC AAVE_USDT	145.12	0.0035	get 0.0035% / 8h	1h 22m	$30.9M	$25.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Polymarket Perps. 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 Polymarket PerpsbpFee MEXCbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$13.65
Price spread: +0.014% → −0.042%: $5.56
Slippage, 4 orders: −$9.42
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$25.5
Costs to cover: 0.174%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 60 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 Polymarket Perps live order book, 60 min ago	2.77 bp	7.4 bp −$7	8.8 bp −$88	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.34 bp	1.1 bp −$1	5.7 bp −$57	39.4 bp −$3,943	118.7 bp −$59.3K

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	−0.0144%	1h	145.06	−0.028%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	144.98	−0.083%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0036%	1h	145.08	−0.014%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.06	−0.030%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.10	0.000%	$68K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.12	+0.014%	$255K	$480K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.08	−0.012%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.610%	$422	$51K	12x	as long as short
MEXC AAVE_USDTshort	+0.0035%	8h	145.12	+0.014%	$30.9M	$25.8M	200x
Binance AAVEUSDT	+0.0035%	8h	145.12	+0.015%	$66.1M	$185.6M	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	145.03	−0.051%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.10	+0.003%	$180K	$244K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	145.04	−0.041%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	145.14	+0.028%	$17.6M	$66.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.21	+0.073%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0062%	8h	145.09	−0.007%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.12	+0.010%	$123K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0094%	8h	144.79	−0.217%	$457K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.31	+0.143%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.01	−0.060%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.04	−0.041%	$803K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.25	+0.103%	$79.8M	$33.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.17	+0.047%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.00	−0.067%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.14	+0.028%	$61.6M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.07	−0.021%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.27	−0.574%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.08	−0.014%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.13	+0.021%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.11	+0.007%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.26	+0.110%	$347K	$727K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.67	−0.298%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.72	−0.262%	$103K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.77	−0.227%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	145.10	long leg	$127K	$467K	10x
SunX AAVE-USDT	+0.0100%	8h	145.00	−0.067%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.46	+0.251%	$697K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.07	−0.021%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.05	−0.033%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0141%	8h	144.87	−0.159%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.06	−0.027%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	−0.028%	$787K	$3.0M	50x	as long as short