Funding arb · Price arb /

AAVE

all AAVE markets

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: Extended against MEXC−0.026%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

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

Long on MEXC Short on Extended

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−0.004%$0 · spread now −0.026%, 7d avg −0.061%

Together, before fees+0.058%+ Points / potential airdropExtended: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.036% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	146.09	0.0040	pay 0.0040% / 8h	20m 57s	$29.9M	$26.0M	200x
Short	Extended AAVE-USD	146.05	0.0104	get 0.0013% / 1h	20m 57s	$940K	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.026%Rate

Funding earned: $13.44
Price spread: −0.026% → −0.061%: $3.56
Slippage, 4 orders: −$10.89
Fee MEXC: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $1.11
Costs to cover: 0.159%
Break-even: 6.4 days

Slippage from MEXC: live order book, 3 min ago; Extended: live order book, 3 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	0.34 bp	0.8 bp −$1	4.2 bp −$42	26.8 bp −$2,676	82.4 bp −$41.2K
Sell Extended live order book, 3 min ago	2.75 bp	6.5 bp −$6	22.1 bp −$221	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
SoDEX AAVE-USD	−0.0074%	1h	145.98	−0.075%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.39	+0.205%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.02	−0.048%	$255K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0016%	1h	146.13	+0.027%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.22	+0.089%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.18	+0.062%	$85K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.10	+0.003%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.10	+0.010%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.250%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0040%	8h	146.10	+0.010%	$66.6M	$186.5M	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_USDTlong	+0.0040%	8h	146.09	long leg	$29.9M	$26.0M	200x
Reya AAVERUSDPERP	+0.0044%	1h	146.05	−0.027%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.98	−0.075%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0072%	8h	146.07	−0.014%	$17.9M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0073%	8h	146.10	+0.007%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.97	−0.082%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.25	+0.108%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.16	+0.048%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.08	−0.003%	$805K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.24	+0.103%	$80.6M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.16	+0.048%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.20	+0.077%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.09	0.000%	$62.3M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.13	+0.027%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	−0.014%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.07	−0.014%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.02	−0.048%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.09	0.000%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.18	+0.062%	$347K	$748K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.06	−0.024%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.60	−0.338%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.68	−0.281%	$468K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.78	−0.212%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.16	+0.048%	$128K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.99	−0.066%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.20	+0.075%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.09	0.000%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	146.05	−0.026%	$940K	$1.7M	50x
RISEx AAVE/USDC	+0.0106%	1h	146.17	+0.056%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0160%	8h	146.06	−0.021%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.10	+0.007%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.11	+0.014%	$789K	$3.0M	50x	as long as short