Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: ApeX Omni against MEXC−0.035%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now −0.035%, 7d avg +0.004%

Together, before fees+0.169%+$17 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: ApeX Omni is 0.039% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	142.75	0.0100	pay 0.0100% / 8h	1h 45m	$25.0M	$24.0M	200x
Short	ApeX Omni AAVEUSDT	142.70	0.0100	get 0.0013% / 1h	45m 20s	$133K	$223K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.004%: −$3.88
Slippage, 4 orders: −$18.56
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$32.45
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; ApeX Omni: live order book, 61 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, 3 min ago	0.35 bp	1.8 bp −$2	5.7 bp −$57	38.2 bp −$3,823	103.5 bp −$51.7K
Sell ApeX Omni live order book, 61 min ago	4.90 bp	12.7 bp −$13	102.1 bp −$1,021	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
dYdX AAVE-USD	0.0000%	1h	142.39	−0.250%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.37	−0.266%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.76	+0.007%	$217K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.76	+0.008%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.056%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.69	−0.044%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0048%	1h	142.68	−0.046%	$827K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0077%	8h	142.73	−0.014%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.30	+0.385%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.85	+0.071%	$4.5M	$2.4M	10x	as long as short

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	142.36	−0.271%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.75	+0.002%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.45	−0.211%	$325K	$449K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.75	+0.003%	$64.3M	$192.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.73	−0.014%	$61.4M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.72	−0.021%	$17.0M	$65.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.64	−0.077%	$64K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	+0.093%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.78	+0.021%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	142.75	long leg	$25.0M	$24.0M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	142.79	+0.028%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.73	−0.014%	$29.2M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.71	−0.028%	—	$43.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.52	−0.161%	$335K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.287%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.69	−0.041%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.76	+0.005%	$452K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	142.70	−0.035%	$133K	$223K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	142.80	+0.035%	$141K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.76	+0.005%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.72	−0.021%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.93	+0.123%	$678K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.74	−0.007%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.68	−0.050%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.77	+0.011%	$121K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0128%	1h	142.62	−0.091%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0219%	1h	142.86	+0.077%	$78.1M	$37.2M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.77	+0.014%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.78	+0.019%	$112K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.60	−0.107%	$195K	$262K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.70	−0.035%	$756K	$2.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.85	+0.069%	$3.4M	$2.1M	50x	as long as short