Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.002%

Price spread now: Paradex against Aevo−0.068%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.068% cheaper against Aevo than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 19 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	146.38	0.0088	pay 0.0011% / 1h	53m 39s	$124K	$146	10x
Short	Paradex AAVE-USD-PERP	146.28	0.0100	get 0.0100% / 8h	53m 39s	$14K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now −0.068%Rate

Funding earned: $2.48
Price spread: −0.068% → 0.000%: −$6.76
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$24.28
Costs to cover: 0.200%
Break-even: 75.4 days

Slippage unknown: Aevo: live order book, 25 min ago; Paradex: 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 Aevo live order book, 25 min ago	26.19 bp	45.0 bp −$45	265.8 bp −$2,658	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Phoenix AAVE	−0.0045%	1h	146.30	−0.055%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0023%	1h	146.38	0.000%	$256K	$412K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.29	−0.062%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.28	−0.068%	$83K	$1.5M	3.4x	as long as short
SoDEX AAVE-USD	+0.0001%	1h	146.34	−0.027%	$5K	$298K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.49	+0.072%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.41	+0.023%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0008%	1h	146.30	−0.055%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.435%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.23	−0.102%	$30.5M	$25.5M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0043%	8h	146.28	−0.068%	$66.7M	$185.1M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.21	−0.119%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.35	−0.021%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0069%	8h	146.28	−0.068%	$17.9M	$67.5M	50x	as long as short
Gate AAVE_USDT	+0.0075%	8h	146.30	−0.055%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERPlong	+0.0088%	1h	146.38	long leg	$124K	$146	10x
Lighter AAVE	+0.0096%	1h	146.46	+0.057%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	146.28	−0.068%	$14K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	146.18	−0.140%	$809K	$438K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.31	−0.048%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.28	−0.070%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.27	−0.075%	$62.4M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.32	−0.041%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.403%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.30	−0.055%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.26	−0.082%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.27	−0.075%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.32	−0.044%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.12	−0.177%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.17	−0.144%	$463K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.22	−0.109%	$136K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.29	−0.061%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.23	−0.102%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.44	+0.038%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.32	−0.041%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.25	−0.087%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.37	−0.010%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0162%	8h	146.37	−0.007%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0228%	1h	146.45	+0.048%	$80.9M	$34.3M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.31	−0.048%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.034%	$795K	$3.0M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0330%	1h	146.45	+0.048%	$354K	$733K	10x	as long as short