Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.020%

Price spread now: MEXC against Bulk−0.214%56s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bulk Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.214% cheaper against Bulk than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 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	Bulk AAVE-USD	144.44	0.0100	pay 0.0013% / 1h	44m 40s	$58K	$2K	10x
Short	MEXC AAVE_USDT	144.13	0.0041	get 0.0041% / 8h	6h 44m	$27.4M	$24.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bulk. 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 BulkbpFee MEXCbpOrdersPrice spread, now −0.214%Rate

Funding earned: −$12.39
Price spread: −0.214% → 0.000%: −$21.42
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$40.81
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Bulk: no order-book sample; MEXC: live order book, 9 min ago. Net counts fees only.

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 Bulk no order-book sample	—	—	—	—	—
Sell MEXC live order book, 9 min ago	0.35 bp	1.0 bp −$1	7.2 bp −$72	43.0 bp −$4,302	97.5 bp −$48.8K

Bulk: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit AAVE_USDC-PERPETUAL	−0.1346%	1h	143.86	−0.401%	$250K	$362K	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.20	−0.166%	$3.4M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	144.20	−0.166%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0009%	1h	144.47	+0.021%	$134K	$230K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.20	−0.169%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.11	−0.228%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.10	−0.234%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.68	+0.167%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.178%	$422	$51K	12x	as long as short
MEXC AAVE_USDTshort	+0.0041%	8h	144.13	−0.214%	$27.4M	$24.7M	200x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0043%	8h	144.18	−0.177%	$65.1M	$185.1M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.06	−0.263%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.05	−0.267%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0066%	8h	144.12	−0.221%	$17.5M	$65.9M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.09	−0.243%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.25	−0.132%	$184K	$232K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.29	−0.101%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.14	−0.204%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.21	−0.155%	$798K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.22	−0.152%	$78.3M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.19	−0.171%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.17	−0.189%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.11	−0.228%	$61.7M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.23	−0.145%	$45K	$188K	10x	as long as short
Bulk AAVE-USDlong	+0.0100%	1h	144.44	long leg	$58K	$2K	10x
Gate AAVE_USDT	+0.0100%	8h	144.14	−0.207%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.13	−0.214%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.07	−0.256%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.14	−0.207%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.20	−0.166%	$324K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	−0.108%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	−0.044%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.54	+0.072%	$456K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.20	−0.166%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.27	−0.119%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.08	−0.249%	$5K	$302K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.28	−0.112%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.16	−0.193%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.12	−0.219%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.063%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.10	−0.236%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.55	+0.077%	$775K	$2.8M	50x	as long as short