Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.019%

Price spread now: Paradex against Bybit+0.092%49s7-day average — · you sell dearer than you buy

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

Long on Bybit 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.092% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	Bybit AAVEUSDT	141.99	0.0100	pay 0.0100% / 8h	4h 49m	$61.0M	$65.6M	75x
Short	Paradex AAVE-USD-PERP	142.12	0.0100	get 0.0100% / 8h	4h 49m	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bybit. 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 BybitbpFee ParadexbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$0.04
Price spread: +0.092% → 0.000%: $9.23
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.81
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.35 bp	8.2 bp −$8	16.4 bp −$164	67.9 bp −$6,787	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
01 Exchange AAVEUSD	−0.0160%	1h	141.96	−0.021%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0055%	1h	141.99	0.000%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0032%	1h	141.98	−0.007%	$223K	$396K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.07	+0.060%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.85	−0.099%	$53K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.05	+0.044%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.543%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.98	−0.009%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	141.94	−0.035%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.67	+0.479%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0070%	1h	142.01	+0.014%	$832K	$438K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.06	+0.050%	$4.5M	$1.8M	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	142.12	+0.092%	$13K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	142.03	+0.028%	$76.7M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.98	−0.007%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.09	+0.071%	$323K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.03	+0.028%	$63.6M	$184.3M	75x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	141.99	long leg	$61.0M	$65.6M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.00	+0.007%	$17.0M	$63.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.02	+0.021%	$44K	$179K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.00	+0.007%	$7.9M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.94	−0.035%	$25.4M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.96	−0.021%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.90	−0.063%	$28.9M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.99	0.000%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.05	+0.042%	$345K	$705K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.06	+0.049%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.49	+0.354%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.52	+0.373%	$450K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.48	+0.345%	$132K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.04	+0.035%	$122K	$383K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.00	+0.011%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.20	+0.145%	$684K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.03	+0.028%	$4.0M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.68	+0.484%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.88	−0.075%	$895K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.94	−0.034%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.04	+0.036%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.12	+0.092%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	142.06	+0.046%	$120K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0326%	1h	142.06	+0.047%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.15	+0.113%	$769K	$2.8M	50x	as long as short