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: Aevo against MEXC+0.094%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

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

Long on MEXC Short on Aevo

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.091% dearer against MEXC than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	143.23	0.0047	pay 0.0047% / 8h	2h 04m	$30.7M	$26.5M	200x
Short	Aevo AAVE-PERP	143.36	0.0096	get 0.0012% / 1h	4m 55s	$121K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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 MEXCbpFee AevobpOrdersPrice spread, now +0.094%Rate

Funding earned: $10.29
Price spread: +0.094% → +0.003%: $9.11
Slippage, 4 orders: −$84.73
Fee MEXC: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$81.33
Costs to cover: 1.007%
Break-even: 62.3 days

Slippage from MEXC: live order book, 4 min ago; Aevo: live order book, 19 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 MEXC live order book, 4 min ago	0.35 bp	0.6 bp −$1	5.0 bp −$50	34.8 bp −$3,476	130.4 bp −$65.2K
Sell Aevo live order book, 19 min ago	34.26 bp	51.0 bp −$51	290.8 bp −$2,908	doesn't fit	doesn't fit

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	+0.098%	$252K	$489K	50x	as long as short
SoDEX AAVE-USD	−0.0139%	1h	143.32	+0.063%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0104%	1h	143.58	+0.244%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.10	+0.607%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.54	+0.220%	$102K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.75	+0.363%	$70K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.40	+0.119%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.45	+0.156%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.378%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.48	+0.174%	—	—	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	143.30	+0.050%	$65.2M	$185.3M	75x	as long as short
MEXC AAVE_USDTlong	+0.0047%	8h	143.23	long leg	$30.7M	$26.5M	200x
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.34	+0.077%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0054%	8h	143.28	+0.035%	$17.3M	$65.8M	50x	as long as short
Gate AAVE_USDT	+0.0062%	8h	143.33	+0.070%	$7.7M	$16.0M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0062%	1h	143.74	+0.356%	$134K	$229K	50x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	+0.520%	$60K	$3K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.07	+0.586%	$450K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.54	+0.216%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERPshort	+0.0096%	1h	143.36	+0.094%	$121K	$146	10x
RISEx AAVE/USDC	+0.0097%	1h	143.65	+0.291%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.63	+0.283%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.56	+0.230%	$797K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.41	+0.126%	$79.0M	$33.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.37	+0.098%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.59	+0.251%	$327K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.34	+0.077%	$61.0M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.58	+0.244%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.25	+0.014%	$9.9M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.24	+0.007%	$29.8M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.37	+0.098%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.45	+0.154%	$379K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.38	+0.104%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.06	+0.580%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.65	+0.293%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.32	+0.066%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.67	+0.309%	$715K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.49	+0.182%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.18	−0.031%	$919K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0166%	8h	143.30	+0.049%	$3.4M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	143.66	+0.300%	$770K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.42	+0.131%	$124K	—	100x	as long as short