Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.009%

Price spread now: MEXC against gTrade (Gains Network)−0.058%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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

Funding pays, the price is against you. MEXC is 0.058% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 4.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	145.90	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	42m 17s	$71K	—	150x
Short	MEXC AAVE_USDT	145.81	0.0045	get 0.0045% / 8h	42m 17s	$30.6M	$25.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now −0.058%Rate

Funding earned: $8.41
Price spread: −0.058% → 0.000%: −$5.83
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$7.42
Costs to cover: 0.100%
Break-even: 13.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 2 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	0.34 bp	2.0 bp −$2	4.3 bp −$43	21.6 bp −$2,163	104.9 bp −$52.5K

gTrade (Gains Network): 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	−0.0161%	1h	145.81	−0.058%	$255K	$406K	50x	as long as short
SoDEX AAVE-USD	−0.0035%	1h	145.78	−0.079%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.19	+0.202%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.08	+0.127%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.91	+0.010%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.89	−0.006%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	145.90	long leg	$71K	—	150x
01 Exchange AAVEUSD	+0.0024%	1h	145.82	−0.051%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.124%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0044%	8h	145.78	−0.079%	$66.4M	$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	145.77	−0.084%	—	—	20x	as long as short
MEXC AAVE_USDTshort	+0.0045%	8h	145.81	−0.058%	$30.6M	$25.7M	200x
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.79	−0.072%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	145.77	−0.086%	$17.8M	$67.4M	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	145.83	−0.045%	$7.9M	$15.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.99	+0.066%	$4.7M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	145.84	−0.041%	$123K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.81	−0.058%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.81	−0.062%	$806K	$439K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.92	+0.020%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.94	+0.034%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.81	−0.058%	$62.2M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.83	−0.045%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.410%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.84	−0.038%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.76	−0.093%	$30.5M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.85	−0.031%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.22	+0.221%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.06	+0.116%	$105K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	+0.095%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.08	+0.127%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.85	−0.031%	$127K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.77	−0.084%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.08	+0.130%	$700K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.84	−0.038%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.74	−0.103%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.88	−0.012%	$186K	$246K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0130%	1h	146.04	+0.099%	$359K	$737K	10x	as long as short
Hyperliquid AAVE	+0.0135%	1h	146.00	+0.072%	$80.5M	$34.6M	10x	as long as short
BloFin AAVE-USDT	+0.0165%	8h	145.97	+0.051%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.87	−0.016%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.23	+0.230%	$789K	$3.0M	50x	as long as short