Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: Arcus against MEXC+0.042%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on MEXC Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.042%, 7d avg +0.005%

Together, before fees−0.040%−$4 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: Arcus is 0.037% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	143.33	0.0100	pay 0.0100% / 8h	5h 09m	$25.9M	$23.7M	200x
Short	Arcus AAVE-USD	143.39	0.0100	get 0.0013% / 1h	9m 09s	$44K	$179K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → +0.005%: $3.7
Slippage, 4 orders: −$19.61
Fee MEXC: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.41
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Arcus: live order book, 54 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, 5 min ago	4.52 bp	4.6 bp −$5	7.9 bp −$79	31.6 bp −$3,161	103.5 bp −$51.7K
Sell Arcus live order book, 54 min ago	2.42 bp	6.8 bp −$7	25.0 bp −$250	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
01 Exchange AAVEUSD	−0.0048%	1h	143.35	+0.014%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0029%	1h	143.33	0.000%	$227K	$389K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.45	+0.082%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.60	+0.188%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.38	+0.036%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.444%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.29	−0.026%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.30	−0.021%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0057%	1h	143.35	+0.014%	$828K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.75	+0.293%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.52	+0.130%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.39	+0.042%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.47	+0.098%	$77.6M	$34.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.43	+0.069%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.40	+0.048%	$326K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.32	−0.007%	$64.1M	$182.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.34	+0.007%	$61.2M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.35	+0.014%	$17.2M	$63.2M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	143.39	+0.042%	$44K	$179K	10x
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.519%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.35	+0.014%	$7.8M	$15.2M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	143.33	long leg	$25.9M	$23.7M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	143.42	+0.063%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.33	0.000%	$30.0M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.36	+0.021%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.42	+0.063%	$320K	$691K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	+0.228%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.67	+0.236%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.74	+0.287%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.90	+0.398%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.38	+0.035%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.35	+0.015%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.34	+0.007%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.55	+0.153%	$691K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.43	+0.070%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.30	−0.023%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.03	−0.208%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.42	+0.065%	$184K	$237K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.36	+0.021%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.37	+0.031%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.48	+0.105%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.93	+0.419%	$782K	$2.8M	50x	as long as short