Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.088%

Price spread now: GMX against MEXC+0.085%7-day average +0.032% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.107%−$11 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now +0.085%, 7d avg +0.032%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and GMX is 0.053% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.032%. Mind the row above: over the last 3 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	141.93	0.0100	pay 0.0100% / 8h	1h 01m	$24.3M	$24.2M	200x
Short	GMX AAVE/USD [AAVE-USDC]	142.05	L +0.0252% / S −0.0362%	get 0.0045% / 1h	1m 31s	$111K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $55.05
Price spread: +0.085% → +0.032%: $5.32
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $48.38
Costs to cover: 0.120%
Break-even: 0.8 days

Slippage unknown: MEXC: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.

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, 2 min ago	0.35 bp	1.3 bp −$1	5.9 bp −$59	35.8 bp −$3,577	113.3 bp −$56.7K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.024%	$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	+0.063%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.05	+0.086%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.502%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.98	+0.033%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0070%	1h	141.90	−0.021%	$826K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.02	+0.063%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.50	+0.402%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.09	+0.112%	$4.5M	$2.5M	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	141.90	−0.023%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.95	+0.015%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.94	+0.010%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.91	−0.017%	$63.8M	$188.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.88	−0.035%	$61.3M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.88	−0.035%	$16.9M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.00	+0.049%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	+0.296%	$161K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.92	−0.007%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	141.93	long leg	$24.3M	$24.2M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	141.95	+0.014%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.89	−0.028%	$29.0M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.91	−0.014%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.26	+0.233%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.99	+0.044%	$107K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.03	+0.070%	$443K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.08	+0.106%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.07	+0.099%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.00	+0.052%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.92	−0.007%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.49	+0.391%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.95	+0.014%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.85	−0.060%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.05	+0.088%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	141.94	+0.007%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0156%	1h	142.08	+0.106%	$77.7M	$36.9M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0167%	1h	142.02	+0.063%	$390K	$727K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.03	+0.070%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]short	L +0.0252% / S −0.0362%	1h	142.05	+0.085%	$111K	—	100x
RISEx AAVE/USDC	+0.0256%	1h	142.08	+0.109%	$188K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	+0.254%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.03	+0.070%	$3.4M	$2.1M	50x	as long as short