Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.024%

Price spread now: MEXC against Lighter−0.105%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$180.176% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 7 days+0.108%+$11 · spread now −0.105%, 7d avg −0.097%

Together, before fees+0.021%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	142.09	0.0096	pay 0.0012% / 1h	1m 42s	$4.5M	$2.5M	10x
Short	MEXC AAVE_USDT	141.94	0.0100	get 0.0100% / 8h	1h 01m	$24.3M	$24.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Lighter. 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 LighterbpFee MEXCbpOrdersPrice spread, now −0.105%Rate

Funding earned: $0.84
Price spread: −0.105% → −0.097%: −$0.82
Slippage, 4 orders: −$17.56
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$17.54
Costs to cover: 0.176%
Break-even: 153.1 days

Slippage from Lighter: live order book, 6 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 Lighter live order book, 6 min ago	2.35 bp	5.0 bp −$5	9.1 bp −$91	33.6 bp −$3,356	doesn't fit
Sell MEXC live order book, 2 min ago	0.35 bp	1.0 bp −$1	3.8 bp −$38	31.0 bp −$3,098	109.0 bp −$54.5K

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	141.90	−0.136%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.01	−0.056%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.02	−0.049%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.05	−0.026%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.610%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.98	−0.079%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0069%	1h	141.99	−0.066%	$827K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.02	−0.049%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.50	+0.289%	$4K	$108K	10x	as long as short
Lighter AAVElong	+0.0096%	1h	142.09	long leg	$4.5M	$2.5M	10x

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	141.97	−0.083%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.95	−0.094%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.94	−0.102%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.90	−0.133%	$63.8M	$188.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.91	−0.126%	$61.3M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.89	−0.140%	$16.9M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.10	+0.008%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	+0.184%	$161K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.96	−0.091%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	141.94	−0.105%	$24.3M	$24.2M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	141.94	−0.105%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.89	−0.140%	$29.0M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.94	−0.105%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.26	+0.120%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.12	+0.021%	$108K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	+0.029%	$444K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.08	−0.006%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.07	−0.013%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.00	−0.060%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.92	−0.119%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.49	+0.279%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.95	−0.098%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.89	−0.143%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.05	−0.024%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	142.08	−0.006%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0156%	1h	142.08	−0.006%	$77.7M	$36.9M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0167%	1h	142.02	−0.049%	$390K	$727K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.03	−0.042%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.05	−0.027%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.08	−0.003%	$188K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	+0.141%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.03	−0.042%	$3.4M	$2.1M	50x	as long as short