Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.044%

Price spread now: Paradex against Coinbase International−0.029%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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 against this trade now: funding costs −$6 a day on $10k at the current rate, and Paradex is 0.029% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AAVE-PERP-INTX	144.56	0.0296	pay 0.0037% / 1h	26m 50s	$775K	$2.8M	50x
Short	Paradex AAVE-USD-PERP	144.52	0.0100	get 0.0100% / 8h	6h 26m	$14K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$41.2
Price spread: −0.029% → 0.000%: −$2.95
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$58.15
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	6.57 bp	14.1 bp −$14	17.5 bp −$175	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 41 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	−0.0056%	1h	144.55	−0.007%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.59	+0.018%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.51	−0.033%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.46	−0.069%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.51	−0.035%	$250K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.54	−0.012%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.55	−0.007%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.257%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.52	−0.027%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.46	−0.069%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0055%	8h	144.49	−0.048%	$26.9M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0056%	8h	144.48	−0.055%	$65.2M	$184.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	144.49	−0.048%	$17.4M	$65.4M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.59	+0.020%	$189K	$224K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.67	+0.075%	$4.7M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.53	−0.021%	$122K	$146	10x	as long as short
Gate AAVE_USDT	+0.0098%	8h	144.48	−0.055%	$7.8M	$15.2M	75x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	144.52	−0.029%	$14K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	144.53	−0.024%	$804K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.62	+0.042%	$78.3M	$35.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.53	−0.018%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.57	+0.010%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.50	−0.042%	$61.8M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.57	+0.007%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.736%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.50	−0.042%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.44	−0.083%	$30.1M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.48	−0.055%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.59	+0.021%	$322K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.14	−0.289%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	−0.123%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.43	−0.088%	$463K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.39	−0.118%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.59	+0.021%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.45	−0.079%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.45	−0.076%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.61	+0.035%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.48	−0.055%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.35	−0.148%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0239% / S −0.0366%	1h	144.55	−0.007%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0296%	1h	144.56	long leg	$775K	$2.8M	50x