Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0075%/8h= +8.3% APRpaid last 24h +0.027%

Price spread now: MEXC against SoDEX+0.007%7-day average +0.021% · 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−$14as in the Price arb table

costs, in and out, $10k−$130.128% of the position

Long on SoDEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.285%−$28 · spread now +0.007%, 7d avg +0.021%

Together, before fees−0.230%−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	141.90	0.0025	pay 0.0003% / 1h	40m 10s	$5K	$299K	10x
Short	MEXC AAVE_USDT	141.91	0.0100	get 0.0100% / 8h	4h 40m	$25.0M	$23.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SoDEX. 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 SoDEXbpFee MEXCbpOrdersPrice spread, now +0.007%Rate

Funding earned: $15.83
Price spread: +0.007% → +0.021%: −$1.42
Slippage, 4 orders: −$4.82
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $1.58
Costs to cover: 0.128%
Break-even: 6.3 days

Slippage from SoDEX: live order book, 18 min ago; MEXC: live order book, 4 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 SoDEX live order book, 18 min ago	0.35 bp	5.5 bp −$6	11.1 bp −$111	94.8 bp −$9,478	doesn't fit
Sell MEXC live order book, 4 min ago	0.35 bp	1.9 bp −$2	6.5 bp −$65	34.0 bp −$3,400	101.4 bp −$50.7K

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	−0.0168%	1h	142.11	+0.148%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.27	+0.264%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.13	+0.162%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.00	+0.070%	$220K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.00	+0.074%	$79K	—	150x	as long as short
SoDEX AAVE-USDlong	+0.0025%	1h	141.90	long leg	$5K	$299K	10x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.481%	$422	$51K	12x	as long as short
Nado AAVE-PERP	+0.0041%	1h	142.15	+0.180%	$842K	$447K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.02	+0.081%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	141.98	+0.056%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	142.05	+0.106%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.95	+0.036%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.20	+0.211%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.98	+0.059%	$76.6M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.13	+0.160%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.23	+0.232%	$323K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.87	−0.021%	$63.5M	$185.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.90	0.000%	$60.7M	$66.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.88	−0.014%	$17.0M	$63.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.29	+0.275%	$63K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.12	+0.155%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.99	+0.063%	$8.0M	$15.7M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	141.91	+0.007%	$25.0M	$23.7M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	141.94	+0.028%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.79	−0.078%	$28.9M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.91	+0.007%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.99	+0.063%	$336K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.94	+0.027%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.18	+0.199%	$102K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.11	+0.148%	$449K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.11	+0.148%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.11	+0.148%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.93	+0.020%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.10	+0.138%	$684K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.96	+0.042%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.95	+0.036%	$892K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.02	+0.085%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.22	+0.223%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.01	+0.078%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.03	+0.094%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0326%	1h	142.04	+0.102%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.18	+0.197%	$788K	$2.9M	50x	as long as short