Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.020%

Price spread now: MEXC against 01 Exchange−0.021%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. MEXC is 0.021% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.021% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AAVEUSD	141.71	0	get 0.0000% / 1h	55m 13s	$10K	$1K	5x
Short	MEXC AAVE_USDT	141.68	0.0100	get 0.0100% / 8h	5h 55m	$21.9M	$21.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against 01 Exchange. 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 01 ExchangebpFee MEXCbpOrdersPrice spread, now −0.021%Rate

Funding earned: $21
Price spread: −0.021% → 0.000%: −$2.12
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $11.88
Costs to cover: 0.070%
Break-even: 3.0 days

Slippage unknown: 01 Exchange: no order-book sample; MEXC: live order book, 1 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	0.35 bp	1.5 bp −$1	2.6 bp −$26	31.4 bp −$3,144	117.7 bp −$58.9K

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 exchanges

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
Deribit AAVE_USDC-PERPETUAL	−0.0808%	1h	141.61	−0.071%	$208K	$323K	50x	as long as short
SoDEX AAVE-USD	−0.0126%	1h	141.68	−0.021%	$7K	$242K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.73	+0.012%	$102K	$6K	10x	as long as short
01 Exchange AAVEUSDlong	0.0000%	1h	141.71	long leg	$10K	$1K	5x
Kalshi KXAAVEPERP	0.0000%	8h	141.66	−0.035%	$45K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.89	+0.124%	$79K	—	150x	as long as short
Phemex AAVEUSDT	+0.0015%	8h	141.64	−0.049%	$3.9M	$3.6M	50x	as long as short
Bybit AAVEUSDT	+0.0020%	8h	141.64	−0.049%	$61.3M	$59.8M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.352%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0041%	1h	141.82	+0.078%	$132K	$221K	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	141.63	−0.060%	—	—	20x	as long as short
Phoenix AAVE	+0.0062%	1h	141.94	+0.162%	$4K	$81K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0086%	8h	141.67	−0.028%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.89	+0.130%	$4.6M	$2.2M	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.67	−0.029%	$3.7M	$692K	—	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.66	−0.039%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.66	−0.032%	$814K	$310K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.85	+0.099%	$77.9M	$28.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.80	+0.061%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.74	+0.021%	$345K	$312K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.67	−0.030%	$63.8M	$162.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.66	−0.035%	$16.4M	$52.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.82	+0.078%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.71	0.000%	$8.2M	$13.5M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	141.68	−0.021%	$21.9M	$21.7M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	141.71	0.000%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.75	+0.028%	$29.2M	$15.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.69	−0.014%	—	$43.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.89	+0.127%	$388K	$601K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.78	+0.049%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.84	+0.092%	$453K	$3.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.73	+0.014%	$134K	$370K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.68	−0.019%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.12	+0.289%	$659K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.78	+0.049%	$164K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.63	−0.058%	$913K	$1.5M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.69	−0.015%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	141.79	+0.059%	$172K	$206K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.69	−0.014%	$3.3M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	141.87	+0.113%	$752K	$2.2M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.71	0.000%	$110K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0306%	1h	141.78	+0.049%	$3.5M	$1.9M	50x	as long as short