Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.021%

Price spread now: MEXC against Pacifica+0.075%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

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

costs, in and out, $10k−$160.158% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.075%, 7d avg −0.008%

Together, before fees−0.176%+ Points / potential airdropPacifica: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.083% dearer against Pacifica than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of −0.008%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.044% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	145.86	0.0100	pay 0.0013% / 1h	35m 08s	$333K	$503K	10x
Short	MEXC AAVE_USDT	145.97	0.0022	get 0.0022% / 8h	7h 35m	$29.1M	$25.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Pacifica. 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 PacificabpFee MEXCbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$16.38
Price spread: +0.075% → −0.008%: $8.29
Slippage, 4 orders: −$7.79
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$23.87
Costs to cover: 0.158%
Break-even: never at this rate

Slippage from Pacifica: live order book, 38 min ago; MEXC: 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 Pacifica live order book, 38 min ago	2.39 bp	7.7 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.34 bp	1.1 bp −$1	5.7 bp −$57	37.1 bp −$3,705	98.7 bp −$49.4K

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	−0.0184%	1h	146.09	+0.160%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.78	−0.055%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0106%	1h	145.97	+0.075%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.01	+0.103%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.91	+0.033%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.88	+0.014%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.87	+0.007%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.93	+0.049%	$71K	—	150x	as long as short
Binance AAVEUSDT	+0.0021%	8h	145.96	+0.072%	$66.2M	$185.5M	75x	as long as short
MEXC AAVE_USDTshort	+0.0022%	8h	145.97	+0.075%	$29.1M	$25.8M	200x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.102%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.77	−0.060%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0047%	8h	145.95	+0.062%	$18K	$10K	10x	as long as short
Gate AAVE_USDT	+0.0056%	8h	145.98	+0.082%	$7.9M	$15.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	145.93	+0.048%	$17.9M	$66.9M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0067%	1h	146.03	+0.117%	$136K	$230K	50x	as long as short
Bybit AAVEUSDT	+0.0069%	8h	145.95	+0.062%	$62.4M	$65.4M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0069%	8h	145.92	+0.041%	$462K	$3.9M	10x	as long as short
BloFin AAVE-USDT	+0.0085%	8h	145.81	−0.034%	$3.5M	$4.0M	100x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.97	+0.079%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.16	+0.206%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.85	−0.004%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.79	−0.048%	$797K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.08	+0.151%	$79.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.92	+0.043%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	145.86	long leg	$333K	$503K	10x
Arcus AAVE-USD	+0.0100%	1h	145.83	−0.021%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.72	−0.096%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.97	+0.075%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.91	+0.034%	$30.3M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.96	+0.069%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.07	+0.144%	$333K	$741K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.87	+0.008%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.87	+0.008%	$105K	$317K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.87	+0.007%	$128K	$427K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.81	−0.038%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.13	+0.184%	$710K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.95	+0.062%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.93	+0.048%	$932K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.86	−0.003%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	145.92	+0.042%	$127K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.14	+0.192%	$786K	$3.1M	50x	as long as short