Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h +0.040%

Price spread now: 01 Exchange against MEXC+0.020%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.020% dearer against MEXC than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	146.53	0.0020	pay 0.0020% / 8h	7h 26m	$29.2M	$25.8M	200x
Short	01 Exchange AAVEUSD	146.56	−0.0152	pay 0.0019% / 1h	26m 29s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.020%Rate

Funding earned: −$36.12
Price spread: +0.020% → 0.000%: $2.05
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$41.07
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; 01 Exchange: 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	0.34 bp	1.0 bp −$1	5.9 bp −$59	32.3 bp −$3,229	124.5 bp −$62.3K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.48	−0.035%	$3.5M	$2.0M	50x	as long as short
Phemex AAVEUSDT	−0.0159%	8h	146.33	−0.136%	$4.2M	$3.8M	50x	as long as short
01 Exchange AAVEUSDshort	−0.0152%	1h	146.56	+0.020%	$11K	$2K	5x
SoDEX AAVE-USD	−0.0102%	1h	146.33	−0.136%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0091%	1h	146.38	−0.102%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.49	−0.030%	$105K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.18	−0.239%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.31	−0.150%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.43	−0.067%	$71K	—	150x	as long as short
MEXC AAVE_USDTlong	+0.0020%	8h	146.53	long leg	$29.2M	$25.8M	200x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0020%	8h	146.56	+0.020%	$66.4M	$183.6M	75x	as long as short
Gate AAVE_USDT	+0.0031%	8h	146.53	0.000%	$7.9M	$15.2M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.531%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.33	−0.138%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	146.32	−0.143%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	146.57	+0.027%	$18.0M	$66.6M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0071%	1h	146.16	−0.253%	$136K	$231K	50x	as long as short
BloFin AAVE-USDT	+0.0080%	8h	146.32	−0.143%	$3.5M	$3.5M	100x	as long as short
GRVT AAVE_USDT_Perp	+0.0087%	8h	146.23	−0.208%	$460K	$3.8M	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.37	−0.109%	$124K	$146	10x	as long as short
Bybit AAVEUSDT	+0.0094%	8h	146.55	+0.014%	$62.7M	$65.0M	75x	as long as short
Lighter AAVE	+0.0096%	1h	146.72	+0.127%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.52	−0.004%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.41	−0.078%	$801K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.59	+0.041%	$79.9M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.52	−0.009%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.54	+0.008%	$335K	$502K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.57	+0.027%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.36	−0.119%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.61	+0.055%	$10.2M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.52	−0.007%	$30.4M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.53	0.000%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.48	−0.034%	$334K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.16	−0.251%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.16	−0.253%	$105K	$316K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.42	−0.075%	$127K	$426K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.35	−0.121%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	−0.049%	$712K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.48	−0.036%	$937K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.60	+0.051%	$186K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.42	−0.075%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.44	−0.061%	$786K	$2.9M	50x	as long as short