Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.019%

Price spread now: MEXC against RISEx+0.048%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$130.127% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.048%, 7d avg +0.007%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.041% dearer against RISEx than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of +0.007%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	142.38	0.0256	pay 0.0032% / 1h	41m 48s	$195K	$262K	10x
Short	MEXC AAVE_USDT	142.45	0.0100	get 0.0100% / 8h	1h 41m	$24.9M	$24.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against RISEx. 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 RISExbpFee MEXCbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$32.72
Price spread: +0.048% → +0.007%: $4.09
Slippage, 4 orders: −$6.69
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$41.32
Costs to cover: 0.127%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; MEXC: live order book, 2 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 RISEx live order book, 1 min ago	1.54 bp	4.5 bp −$5	8.3 bp −$83	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.35 bp	1.5 bp −$1	6.1 bp −$61	34.5 bp −$3,453	119.5 bp −$59.8K

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
dYdX AAVE-USD	0.0000%	1h	142.39	+0.006%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.39	+0.006%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.37	−0.009%	$217K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.38	0.000%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.808%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.31	−0.049%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0062%	1h	142.26	−0.082%	$823K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0077%	8h	142.36	−0.016%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.80	+0.293%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.49	+0.074%	$4.5M	$2.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.26	−0.083%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.47	+0.059%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.32	−0.042%	$325K	$449K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.48	+0.069%	$64.2M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.46	+0.055%	$61.3M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.47	+0.062%	$17.0M	$65.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.41	+0.020%	$63K	$197K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.42	+0.027%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	142.45	+0.048%	$24.9M	$24.0M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	142.39	+0.006%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.48	+0.069%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.45	+0.048%	—	$43.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.45	+0.048%	$334K	$722K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.030%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.55	+0.120%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.76	+0.264%	$452K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.58	+0.139%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.40	+0.013%	$141K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.35	−0.025%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.37	−0.009%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.54	+0.112%	$676K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.40	+0.013%	$4.0M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.36	−0.019%	$57K	−$0	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.34	−0.027%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.39	+0.007%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0136%	1h	142.46	+0.055%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0191%	1h	142.62	+0.167%	$78.0M	$37.3M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.47	+0.062%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.38	−0.002%	$111K	—	100x	as long as short
RISEx AAVE/USDClong	+0.0256%	1h	142.38	long leg	$195K	$262K	10x
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.48	+0.069%	$755K	$2.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.46	+0.056%	$3.4M	$2.1M	50x	as long as short