AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.56 per $10,000 · paid last 24h +0.018%

Price spread now: Phemex against MEXC+0.034%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now +0.034%, 7d avg +0.005%

Together, before fees+0.152%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phemex is 0.029% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	146.06	0.0044	pay 0.0044% / 8h	45m 04s	$30.7M	$25.7M	200x
Short	Phemex AAVEUSDT	146.11	0.0100	get 0.0100% / 8h	45m 04s	$4.1M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.034%Rate

Funding earned: $11.76
Price spread: +0.034% → +0.005%: $2.9
Slippage, 4 orders: −$28.44
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$25.78
Costs to cover: 0.404%
Break-even: 22.3 days

Slippage from MEXC: live order book, 4 min ago; Phemex: live order book, 4 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 MEXC live order book, 4 min ago	1.37 bp	1.5 bp −$2	5.7 bp −$57	36.8 bp −$3,679	98.4 bp −$49.2K
Sell Phemex live order book, 4 min ago	4.79 bp	14.3 bp −$14	21.5 bp −$215	doesn't fit	doesn't fit

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
Phoenix AAVE	−0.0027%	1h	146.19	+0.089%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.07	+0.007%	$255K	$406K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.08	+0.014%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.09	+0.021%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.18	+0.082%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.09	+0.024%	$71K	—	150x	as long as short
SoDEX AAVE-USD	+0.0020%	1h	146.05	−0.007%	$5K	$298K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.230%	$422	$51K	12x	as long as short
01 Exchange AAVEUSD	+0.0040%	1h	146.08	+0.014%	$11K	$2K	5x	as long as short
MEXC AAVE_USDTlong	+0.0044%	8h	146.06	long leg	$30.7M	$25.7M	200x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	146.04	−0.016%	—	—	20x	as long as short
Binance AAVEUSDT	+0.0045%	8h	146.05	−0.009%	$66.6M	$185.5M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.04	−0.014%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	146.00	−0.041%	$17.8M	$67.4M	50x	as long as short
Gate AAVE_USDT	+0.0079%	8h	146.03	−0.021%	$7.8M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.07	+0.009%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.26	+0.136%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.02	−0.025%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.00	−0.038%	$808K	$439K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.11	+0.033%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.06	+0.001%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.05	−0.007%	$62.3M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.05	−0.007%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.296%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.06	0.000%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.05	−0.007%	$30.5M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.04	−0.014%	—	$44.0M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.22	+0.107%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.29	+0.155%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.32	+0.178%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.94	−0.082%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.12	+0.041%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.02	−0.026%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.10	+0.025%	$699K	$5.0M	75x	as long as short
Phemex AAVEUSDTshort	+0.0100%	8h	146.11	+0.034%	$4.1M	$3.8M	50x
Extended AAVE-USD	+0.0104%	1h	146.03	−0.021%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.09	+0.018%	$186K	$246K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0147%	1h	146.14	+0.055%	$359K	$737K	10x	as long as short
Hyperliquid AAVE	+0.0163%	1h	146.20	+0.096%	$80.7M	$34.5M	10x	as long as short
BloFin AAVE-USDT	+0.0165%	8h	145.98	−0.055%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.09	+0.023%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.253%	$795K	$3.0M	50x	as long as short