Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.020%

Price spread now: MEXC against Extended+0.094%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 7 days−0.064%−$6 · spread now +0.094%, 7d avg +0.061%

Together, before fees−0.126%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.033% dearer against Extended than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.061%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.062% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	145.93	0.0104	pay 0.0013% / 1h	21m 23s	$940K	$1.7M	50x
Short	MEXC AAVE_USDT	146.07	0.0040	get 0.0040% / 8h	21m 23s	$29.9M	$26.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$13.44
Price spread: +0.094% → +0.061%: $3.27
Slippage, 4 orders: −$10.89
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.07
Costs to cover: 0.159%
Break-even: never at this rate

Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago	2.75 bp	6.3 bp −$6	20.8 bp −$208	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.34 bp	2.3 bp −$2	7.0 bp −$70	34.6 bp −$3,460	99.8 bp −$49.9K

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
SoDEX AAVE-USD	−0.0074%	1h	145.98	+0.032%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.39	+0.313%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.02	+0.060%	$255K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0016%	1h	146.13	+0.135%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.22	+0.197%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.04	+0.074%	$85K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.10	+0.111%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.10	+0.118%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.148%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0040%	8h	146.04	+0.072%	$66.6M	$186.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDTshort	+0.0040%	8h	146.07	+0.094%	$29.9M	$26.0M	200x
Reya AAVERUSDPERP	+0.0044%	1h	146.05	+0.081%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.98	+0.032%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0072%	8h	145.97	+0.026%	$17.9M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0073%	8h	146.08	+0.101%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.97	+0.026%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.35	+0.285%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.16	+0.156%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.08	+0.104%	$805K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.21	+0.190%	$80.6M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.23	+0.201%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.20	+0.185%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.00	+0.046%	$62.3M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.13	+0.135%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	+0.094%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.11	+0.122%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.99	+0.039%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.06	+0.087%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.29	+0.245%	$347K	$748K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.06	+0.084%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.60	−0.230%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.68	−0.173%	$468K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.78	−0.105%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.16	+0.156%	$128K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.99	+0.042%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.20	+0.183%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.09	+0.108%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	145.93	long leg	$940K	$1.7M	50x
RISEx AAVE/USDC	+0.0106%	1h	146.17	+0.164%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0160%	8h	146.06	+0.087%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.10	+0.115%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.11	+0.122%	$789K	$3.0M	50x	as long as short