Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.012%

Price spread now: MEXC against RISEx−0.060%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$120.124% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.060%, 7d avg +0.008%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.069% cheaper against RISEx than usual: you would sell low and buy high (−$7 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	RISEx AAVE/USDC	144.14	0.0195	pay 0.0024% / 1h	31m 27s	$188K	$235K	10x
Short	MEXC AAVE_USDT	144.05	0.0100	get 0.0100% / 8h	5h 31m	$26.0M	$23.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against RISEx. 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 RISExbpFee MEXCbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$19.97
Price spread: −0.060% → +0.008%: −$6.86
Slippage, 4 orders: −$6.44
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$39.27
Costs to cover: 0.124%
Break-even: never at this rate

Slippage from RISEx: 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 RISEx live order book, 32 min ago	1.84 bp	4.8 bp −$5	9.6 bp −$96	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.35 bp	2.4 bp −$2	8.5 bp −$85	39.0 bp −$3,899	124.6 bp −$62.3K

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	−0.0064%	1h	144.08	−0.040%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0028%	1h	143.86	−0.192%	$228K	$389K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.00	−0.098%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.91	−0.157%	$60K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.07	−0.048%	$81K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.979%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.08	−0.040%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.00	−0.092%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0053%	1h	144.03	−0.071%	$833K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.92	−0.151%	$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	144.21	+0.048%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.02	−0.084%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.18	+0.030%	$78.0M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.07	−0.044%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.05	−0.061%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.08	−0.037%	$64.5M	$182.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.09	−0.033%	$61.6M	$64.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.09	−0.033%	$17.2M	$63.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.10	−0.026%	$45K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.90	−0.164%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.07	−0.046%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	144.05	−0.060%	$26.0M	$23.6M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	144.11	−0.019%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.05	−0.060%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.07	−0.046%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.98	−0.109%	$321K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.76	−0.264%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.90	−0.166%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.98	−0.107%	$453K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.97	−0.116%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.11	−0.019%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.93	−0.144%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.87	−0.185%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.08	−0.040%	$695K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.89	−0.171%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.01	−0.086%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.12	−0.010%	$122K	$146	10x	as long as short
RISEx AAVE/USDClong	+0.0195%	1h	144.14	long leg	$188K	$235K	10x
BloFin AAVE-USDT	+0.0220%	8h	144.00	−0.095%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.08	−0.038%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.00	−0.098%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.05	−0.060%	$779K	$2.8M	50x	as long as short