Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Paradex against dYdX+0.023%7-day average — · you sell dearer than you buy

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

Long on dYdX 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 +$3 a day on $10k at the current rate, and Paradex is 0.023% dearer against dYdX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	144.66	0	get 0.0000% / 1h	27m 21s	$103K	$5K	10x
Short	Paradex AAVE-USD-PERP	144.69	0.0100	get 0.0100% / 8h	2h 27m	$14K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against dYdX. 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 dYdXbpFee ParadexbpOrdersPrice spread, now +0.023%Rate

Funding earned: $21
Price spread: +0.023% → 0.000%: $2.29
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $9.29
Costs to cover: 0.140%
Break-even: 3.9 days

Slippage unknown: dYdX: live order book, 61 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 dYdX live order book, 61 min ago	163.65 bp	187.4 bp −$187	190.6 bp −$1,906	198.0 bp −$19.8K	457.7 bp −$228.9K
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	+0.142%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0180%	1h	144.80	+0.100%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.84	+0.128%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.63	−0.017%	$5K	$101K	10x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	144.66	long leg	$103K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.52	−0.093%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.88	+0.159%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.60	−0.041%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.320%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0041%	1h	144.40	−0.176%	$134K	$229K	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.81	+0.105%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.83	+0.121%	$17.5M	$66.1M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	144.81	+0.107%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0055%	8h	144.81	+0.107%	$7.8M	$15.8M	75x	as long as short
Binance AAVEUSDT	+0.0060%	8h	144.81	+0.107%	$65.9M	$183.8M	75x	as long as short
MEXC AAVE_USDT	+0.0061%	8h	144.76	+0.072%	$31.6M	$26.3M	200x	as long as short
Nado AAVE-PERP	+0.0087%	1h	144.81	+0.110%	$803K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.45	−0.140%	$455K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.86	+0.139%	$4.7M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.87	+0.149%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.83	+0.118%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	144.69	+0.023%	$14K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	144.91	+0.176%	$80.6M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.76	+0.075%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.69	+0.022%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.84	+0.128%	$61.6M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.77	+0.079%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.248%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.85	+0.135%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.83	+0.121%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.81	+0.107%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.64	−0.010%	$378K	$701K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.45	−0.143%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.36	−0.202%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.86	+0.142%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.78	+0.087%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.60	−0.037%	$723K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.54	−0.080%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.63	−0.015%	$928K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0182%	8h	144.48	−0.121%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.204%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.90	+0.168%	$125K	—	100x	as long as short