Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: MEXC against edgeX+0.208%98s7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as 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−$180.183% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.574%−$57 · spread now +0.208%, 7d avg +0.019%

Together, before fees−0.658%+ Points / potential airdropedgeX: Active · farm board−$66 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.189% dearer against edgeX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 98 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	edgeX AAVEUSDC	140.92	0.0100	pay 0.0050% / 4h	17m 48s	$108K	$282K	20x
Short	MEXC AAVE_USDT	141.21	0.0100	get 0.0100% / 8h	17m 48s	$22.6M	$24.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against edgeX. 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 edgeXbpFee MEXCbpOrdersPrice spread, now +0.208%Rate

Funding earned: $0
Price spread: +0.208% → +0.019%: $18.9
Slippage, 4 orders: −$9.28
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $0.62
Costs to cover: 0.183%
Break-even: from the start

Slippage from edgeX: live order book, 20 min ago; MEXC: live order book, 1 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 edgeX live order book, 20 min ago	3.54 bp	8.0 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.35 bp	1.8 bp −$2	6.1 bp −$61	36.4 bp −$3,643	123.8 bp −$61.9K

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	141.19	+0.195%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.10	+0.130%	$45K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.16	+0.173%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.14	+0.159%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.808%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.03	+0.082%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	141.12	+0.144%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.33	+0.296%	$4.5M	$2.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.08	+0.116%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.02	+0.077%	$825K	$399K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	141.29	+0.265%	$77.1M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.20	+0.201%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.11	+0.141%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.17	+0.183%	$63.4M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.14	+0.159%	$60.7M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.16	+0.173%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.22	+0.215%	$91K	$221K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.18	+0.187%	$8.0M	$16.6M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	141.21	+0.208%	$22.6M	$24.3M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	141.22	+0.215%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.13	+0.151%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.18	+0.187%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.89	−0.019%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDClong	+0.0100%	4h	140.92	long leg	$108K	$282K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.02	+0.074%	$444K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.98	+0.045%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.13	+0.151%	$133K	$483K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.07	+0.106%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.15	+0.166%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.21	+0.210%	$667K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.15	+0.166%	$3.9M	$3.6M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.18	+0.187%	$163K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.12	+0.144%	$909K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	141.16	+0.173%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.17	+0.179%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	141.08	+0.116%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.21	+0.208%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.16	+0.172%	$189K	$292K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0250%	1h	141.27	+0.251%	$384K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.13	+0.154%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.10	+0.130%	$751K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0271%	1h	141.26	+0.243%	$3.4M	$2.1M	50x	as long as short