Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.021%

Price spread now: MEXC against Extended+0.029%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

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

costs, in and out, $10k−$160.159% of the position

Long on Extended 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 7 days+0.008%+$1 · spread now +0.029%, 7d avg +0.062%

Together, before fees−0.064%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.033% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.062%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	144.00	0.0104	pay 0.0013% / 1h	53m 28s	$917K	$1.7M	50x
Short	MEXC AAVE_USDT	144.04	0.0093	get 0.0093% / 8h	5h 53m	$26.3M	$23.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$2.31
Price spread: +0.029% → +0.062%: −$3.27
Slippage, 4 orders: −$10.86
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$21.43
Costs to cover: 0.159%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; MEXC: live order book, 5 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 Extended live order book, 5 min ago	2.78 bp	5.9 bp −$6	21.1 bp −$211	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.35 bp	1.9 bp −$2	6.4 bp −$64	33.3 bp −$3,332	115.9 bp −$57.9K

AAVE on 41 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	−0.6483%	1h	143.09	−0.631%	$243K	$370K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0648%	1h	143.72	−0.193%	$134K	$219K	50x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	144.07	+0.050%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.99	−0.003%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.97	−0.019%	$72K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.96	−0.030%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.59	+0.411%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.888%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.86	−0.095%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.02	+0.015%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.03	+0.022%	$17.3M	$63.4M	50x	as long as short
MEXC AAVE_USDTshort	+0.0093%	8h	144.04	+0.029%	$26.3M	$23.4M	200x
Binance AAVEUSDT	+0.0094%	8h	144.07	+0.050%	$64.9M	$180.9M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.17	+0.122%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.07	+0.050%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	−0.002%	$801K	$409K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.12	+0.085%	$78.0M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.96	−0.023%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.04	+0.029%	$328K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.06	+0.043%	$61.6M	$63.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.10	+0.071%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.04	+0.032%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.01	+0.008%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.05	+0.036%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.04	+0.029%	$30.0M	$17.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.01	+0.008%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.04	+0.029%	$322K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.60	+0.419%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.08	+0.057%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.82	−0.123%	$451K	$3.8M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.92	−0.054%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.90	−0.065%	$1K	$1.2M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.06	+0.043%	$5K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.27	+0.191%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.96	−0.026%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	144.00	long leg	$917K	$1.7M	50x
Aevo AAVE-PERP	+0.0104%	1h	144.06	+0.047%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.12	+0.086%	$199K	$228K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0259% / S −0.0410%	1h	143.93	−0.050%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.14	+0.097%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.56	+0.390%	$777K	$2.8M	50x	as long as short