Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0059%/8h= +6.4% APRpaid last 24h +0.006%

Price spread now: Paradex against ApeX Omni+0.252%50s7-day average — · you sell dearer than you buy

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

Long on ApeX Omni 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paradex is 0.252% dearer against ApeX Omni than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AAVEUSDT	144.40	0.0041	pay 0.0005% / 1h	26m 25s	$134K	$229K	50x
Short	Paradex AAVE-USD-PERP	144.76	0.0100	get 0.0100% / 8h	2h 26m	$14K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX Omni. 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now +0.252%Rate

Funding earned: $12.3
Price spread: +0.252% → 0.000%: $25.17
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $23.47
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 60 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 ApeX Omni live order book, 60 min ago	8.45 bp	16.7 bp −$17	101.9 bp −$1,019	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
Deribit AAVE_USDC-PERPETUAL	−0.0233%	1h	144.86	+0.319%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0180%	1h	144.80	+0.277%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.78	+0.263%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.63	+0.159%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.83	+0.299%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.58	+0.125%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.88	+0.336%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.93	+0.364%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.152%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDTlong	+0.0041%	1h	144.40	long leg	$134K	$229K	50x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.73	+0.232%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.74	+0.235%	$17.5M	$66.1M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	144.81	+0.284%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0055%	8h	144.81	+0.284%	$7.8M	$15.8M	75x	as long as short
MEXC AAVE_USDT	+0.0060%	8h	144.88	+0.332%	$31.6M	$26.3M	200x	as long as short
Binance AAVEUSDT	+0.0060%	8h	144.72	+0.224%	$65.8M	$183.8M	75x	as long as short
Nado AAVE-PERP	+0.0087%	1h	144.73	+0.227%	$803K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.45	+0.037%	$455K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.04	+0.444%	$4.7M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.87	+0.326%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.78	+0.264%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	144.76	+0.252%	$14K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	144.88	+0.332%	$80.5M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.88	+0.335%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.87	+0.327%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.77	+0.256%	$61.6M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.73	+0.229%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.072%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.79	+0.270%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.74	+0.235%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.78	+0.263%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.94	+0.374%	$378K	$702K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.45	+0.034%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.36	−0.026%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.83	+0.298%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.78	+0.264%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.91	+0.350%	$722K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.81	+0.284%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.71	+0.212%	$933K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0180%	8h	144.78	+0.263%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.028%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.90	+0.345%	$125K	—	100x	as long as short