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: MEXC against Phemex−0.171%50s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on Phemex Short on MEXC

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)+0.048%+$5 · spread now −0.171%, 7d avg −0.005%

Together, before fees−0.015%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.166% cheaper against Phemex than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AAVEUSDT	146.28	0.0100	pay 0.0100% / 8h	45m 34s	$4.1M	$3.8M	50x
Short	MEXC AAVE_USDT	146.03	0.0044	get 0.0044% / 8h	45m 34s	$30.7M	$25.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Phemex. 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 PhemexbpFee MEXCbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$11.76
Price spread: −0.171% → −0.005%: −$16.57
Slippage, 4 orders: −$28.44
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$68.76
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; MEXC: live order book, 3 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 Phemex live order book, 3 min ago	4.79 bp	23.1 bp −$23	31.8 bp −$318	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.37 bp	1.6 bp −$2	5.4 bp −$54	33.7 bp −$3,374	101.2 bp −$50.6K

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	−0.062%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.08	−0.136%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.17	−0.075%	$83K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.34	+0.041%	$256K	$406K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.41	+0.089%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.35	+0.050%	$71K	—	150x	as long as short
SoDEX AAVE-USD	+0.0024%	1h	146.32	+0.027%	$5K	$298K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.371%	$422	$51K	12x	as long as short
01 Exchange AAVEUSD	+0.0040%	1h	146.08	−0.137%	$11K	$2K	5x	as long as short
MEXC AAVE_USDTshort	+0.0044%	8h	146.03	−0.171%	$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	−0.167%	—	—	20x	as long as short
Binance AAVEUSDT	+0.0045%	8h	146.03	−0.171%	$66.6M	$185.4M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.32	+0.027%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	146.03	−0.171%	$17.8M	$67.5M	50x	as long as short
Gate AAVE_USDT	+0.0079%	8h	146.05	−0.157%	$7.8M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.36	+0.052%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.26	−0.014%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.02	−0.175%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.00	−0.188%	$808K	$439K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.11	−0.117%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.06	−0.149%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.04	−0.164%	$62.3M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.05	−0.157%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.145%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.15	−0.089%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.01	−0.185%	$30.5M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.05	−0.157%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.38	+0.066%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.29	+0.004%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.32	+0.027%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.94	−0.232%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.12	−0.109%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.32	+0.029%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.62	+0.232%	$702K	$5.0M	75x	as long as short
Phemex AAVEUSDTlong	+0.0100%	8h	146.28	long leg	$4.1M	$3.8M	50x
Extended AAVE-USD	+0.0104%	1h	145.98	−0.206%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.09	−0.133%	$186K	$246K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0154%	1h	146.45	+0.116%	$360K	$737K	10x	as long as short
BloFin AAVE-USDT	+0.0164%	8h	145.94	−0.232%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0169%	1h	146.24	−0.027%	$80.7M	$34.5M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.36	+0.056%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.103%	$795K	$3.0M	50x	as long as short