Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: MEXC against Pacifica+0.119%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$160.156% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 4 days (all we have)−0.213%−$21 · spread now +0.119%, 7d avg −0.007%

Together, before fees−0.260%+ Points / potential airdropPacifica: Active · farm board−$26 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: MEXC is 0.127% dearer against Pacifica than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	142.81	0.0100	pay 0.0013% / 1h	53m 05s	$327K	$447K	10x
Short	MEXC AAVE_USDT	142.98	0.0100	get 0.0100% / 8h	2h 53m	$25.8M	$23.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Pacifica. 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 PacificabpFee MEXCbpOrdersPrice spread, now +0.119%Rate

Funding earned: $0
Price spread: +0.119% → −0.007%: $12.66
Slippage, 4 orders: −$7.63
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$2.97
Costs to cover: 0.156%
Break-even: never at this rate

Slippage from Pacifica: live order book, 60 min ago; MEXC: live order book, 1 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 Pacifica live order book, 60 min ago	2.08 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.35 bp	0.7 bp −$1	5.0 bp −$50	38.8 bp −$3,883	102.2 bp −$51.1K

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
Nado AAVE-PERP	−0.0061%	1h	142.81	+0.004%	$833K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.81	+0.001%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.82	+0.007%	$50K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.96	+0.105%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.94	+0.094%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.096%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.91	+0.068%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0061%	8h	142.92	+0.077%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0066%	8h	142.93	+0.084%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	142.87	+0.042%	$10K	$2K	5x	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	142.77	−0.026%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.10	+0.203%	$78.2M	$37.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.98	+0.122%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	142.81	long leg	$327K	$447K	10x
Binance AAVEUSDT	+0.0100%	8h	142.96	+0.105%	$63.9M	$188.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.97	+0.112%	$61.3M	$68.0M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.01	+0.140%	$17.1M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.90	+0.063%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.61	−0.140%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.99	+0.126%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	142.98	+0.119%	$25.8M	$23.9M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	143.01	+0.140%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.93	+0.084%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.97	+0.112%	—	$43.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.07	+0.182%	$336K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.00	+0.133%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.70	−0.075%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.95	+0.098%	$448K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.91	+0.070%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.96	+0.105%	$134K	$453K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.94	+0.091%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.93	+0.084%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.04	+0.161%	$683K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.90	+0.064%	$904K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.98	+0.119%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.89	+0.056%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.87	+0.045%	$186K	$251K	10x	as long as short
Lighter AAVE	+0.0216%	1h	143.17	+0.250%	$4.5M	$2.4M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.95	+0.098%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0237%	1h	143.01	+0.142%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.94	+0.094%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.04	+0.161%	$781K	$2.8M	50x	as long as short