Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.017%

Price spread now: MEXC against Aevo−0.094%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1011.007% of the position

Long on Aevo Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 3 days (all we have)−0.213%−$21 · spread now −0.094%, 7d avg −0.003%

Together, before fees−0.287%−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.091% cheaper against Aevo than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	143.36	0.0096	pay 0.0012% / 1h	4m 50s	$121K	$146	10x
Short	MEXC AAVE_USDT	143.23	0.0047	get 0.0047% / 8h	2h 04m	$30.7M	$26.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Aevo. 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 AevobpFee MEXCbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$10.29
Price spread: −0.094% → −0.003%: −$9.11
Slippage, 4 orders: −$84.73
Fee Aevo: 8 bp × 2 orders: −$16
Fee MEXC: 0 bp × 2 orders: $0
Net: −$120.13
Costs to cover: 1.007%
Break-even: never at this rate

Slippage from Aevo: live order book, 19 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 Aevo live order book, 19 min ago	34.26 bp	48.4 bp −$48	288.9 bp −$2,889	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.35 bp	0.8 bp −$1	4.8 bp −$48	32.1 bp −$3,212	131.6 bp −$65.8K

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
Deribit AAVE_USDC-PERPETUAL	−0.0377%	1h	143.37	+0.004%	$252K	$489K	50x	as long as short
SoDEX AAVE-USD	−0.0139%	1h	143.32	−0.031%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0104%	1h	143.58	+0.150%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.10	+0.513%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.54	+0.126%	$102K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.75	+0.269%	$70K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.40	+0.025%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.45	+0.062%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.467%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.48	+0.080%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0046%	8h	143.23	−0.094%	$65.2M	$185.3M	75x	as long as short
MEXC AAVE_USDTshort	+0.0047%	8h	143.23	−0.094%	$30.7M	$26.5M	200x
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.34	−0.017%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0054%	8h	143.25	−0.080%	$17.3M	$65.8M	50x	as long as short
Gate AAVE_USDT	+0.0062%	8h	143.25	−0.080%	$7.7M	$16.0M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0062%	1h	143.74	+0.262%	$134K	$229K	50x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	+0.426%	$60K	$3K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.07	+0.492%	$450K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.44	+0.055%	$4.6M	$1.7M	10x	as long as short
Aevo AAVE-PERPlong	+0.0096%	1h	143.36	long leg	$121K	$146	10x
RISEx AAVE/USDC	+0.0097%	1h	143.65	+0.197%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.63	+0.189%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.56	+0.136%	$797K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.29	−0.052%	$78.8M	$33.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.36	−0.004%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.59	+0.157%	$327K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.25	−0.080%	$60.9M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.58	+0.150%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.25	−0.080%	$9.9M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.18	−0.129%	$29.8M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.24	−0.087%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.45	+0.060%	$379K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.38	+0.010%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.06	+0.485%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.65	+0.199%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.32	−0.027%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.67	+0.215%	$715K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.49	+0.088%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.18	−0.125%	$919K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0166%	8h	143.30	−0.045%	$3.4M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	143.66	+0.206%	$770K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.42	+0.038%	$124K	—	100x	as long as short