Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: MEXC against ApeX Omni+0.021%66s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.315% of the position

Long on ApeX Omni 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 4 days (all we have)−0.173%−$17 · spread now +0.021%, 7d avg −0.003%

Together, before fees−0.244%−$24 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: MEXC is 0.024% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.003%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	143.67	0.0100	pay 0.0013% / 1h	46m 27s	$134K	$220K	50x
Short	MEXC AAVE_USDT	143.70	0.0100	get 0.0100% / 8h	3h 46m	$24.9M	$23.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against ApeX Omni. 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 ApeX OmnibpFee MEXCbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.003%: $2.4
Slippage, 4 orders: −$21.52
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$29.11
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 5 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 ApeX Omni live order book, 5 min ago	5.91 bp	14.7 bp −$15	97.5 bp −$975	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.35 bp	0.4 bp $0	5.1 bp −$51	40.0 bp −$3,998	121.2 bp −$60.6K

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	143.61	−0.039%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.69	+0.014%	$54K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.62	−0.035%	$219K	$397K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.72	+0.036%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.670%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.92	+0.174%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0042%	1h	143.68	+0.003%	$845K	$395K	10x	as long as short
Phemex AAVEUSDT	+0.0044%	8h	143.68	+0.007%	$4.0M	$3.6M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.65	−0.013%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	143.70	+0.021%	$18K	$10K	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	143.77	+0.068%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.63	−0.026%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.64	−0.017%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.65	−0.015%	$329K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.71	+0.028%	$64.3M	$187.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.70	+0.021%	$61.8M	$67.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.71	+0.028%	$17.2M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.67	0.000%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.81	+0.097%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.70	+0.021%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	143.70	+0.021%	$24.9M	$23.7M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	143.69	+0.014%	$10.6M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.63	−0.028%	$29.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.68	+0.007%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.84	+0.118%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.63	−0.026%	$104K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.62	−0.032%	$456K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDTlong	+0.0100%	1h	143.67	long leg	$134K	$220K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	143.73	+0.042%	$132K	$448K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.58	−0.064%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.58	−0.063%	$5K	$315K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.75	+0.056%	$691K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.52	−0.105%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.64	−0.020%	$121K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	143.69	+0.014%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.64	−0.022%	$186K	$251K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0146%	1h	143.68	+0.007%	$337K	$720K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.53	−0.097%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	143.66	−0.009%	$3.5M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.74	+0.049%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.93	+0.181%	$789K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0396%	1h	143.84	+0.118%	$79.1M	$36.7M	10x	as long as short