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: Bulk against MEXC−0.042%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Bulk

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. Bulk is 0.042% cheaper against MEXC than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	144.50	0.0041	pay 0.0041% / 8h	6h 44m	$27.5M	$24.7M	200x
Short	Bulk AAVE-USD	144.44	0.0100	get 0.0013% / 1h	44m 04s	$58K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against MEXC. 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 MEXCbpFee BulkbpOrdersPrice spread, now −0.042%Rate

Funding earned: $12.39
Price spread: −0.042% → 0.000%: −$4.2
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $1.19
Costs to cover: 0.070%
Break-even: 6.3 days

Slippage unknown: MEXC: live order book, 10 min ago; Bulk: no order-book sample. 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 MEXC live order book, 10 min ago	0.35 bp	1.5 bp −$1	5.1 bp −$51	28.9 bp −$2,895	78.3 bp −$39.1K
Sell Bulk no order-book sample	—	—	—	—	—

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
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.60	+0.068%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	144.22	−0.194%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0027%	1h	144.43	−0.048%	$251K	$362K	50x	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	−0.211%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.15	−0.242%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.43	−0.052%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.68	+0.125%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.218%	$422	$51K	12x	as long as short
MEXC AAVE_USDTlong	+0.0041%	8h	144.50	long leg	$27.5M	$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	144.59	+0.065%	$65.3M	$185.1M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.45	−0.035%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.16	−0.233%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0067%	8h	144.59	+0.062%	$17.5M	$66.1M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.50	+0.003%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.23	−0.185%	$185K	$232K	10x	as long as short
Gate AAVE_USDT	+0.0094%	8h	144.53	+0.021%	$7.8M	$15.0M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.67	+0.116%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.14	−0.246%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.16	−0.232%	$801K	$430K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.60	+0.069%	$78.5M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.56	+0.039%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.17	−0.231%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.58	+0.055%	$61.9M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.21	−0.201%	$45K	$188K	10x	as long as short
Bulk AAVE-USDshort	+0.0100%	1h	144.44	−0.042%	$58K	$2K	10x
KuCoin AAVEUSDTM	+0.0100%	8h	144.53	+0.021%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.55	+0.035%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.52	+0.014%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.64	+0.097%	$325K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	−0.150%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	−0.086%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.54	+0.030%	$456K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.25	−0.173%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.42	−0.057%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.49	−0.007%	$5K	$302K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.35	−0.103%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.51	+0.007%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.54	+0.027%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.021%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.31	−0.131%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.57	+0.048%	$777K	$2.8M	50x	as long as short