Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.029%

Price spread now: Paradex against gTrade (Gains Network)−0.141%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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 0.141% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.141% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 5.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	141.59	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	51m 16s	$79K	—	150x
Short	Paradex AAVE-USD-PERP	141.39	0.0100	get 0.0100% / 8h	7h 51m	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now −0.141%Rate

Funding earned: $19.96
Price spread: −0.141% → 0.000%: −$14.12
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$8.16
Costs to cover: 0.140%
Break-even: 9.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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
dYdX AAVE-USD	0.0000%	1h	141.41	−0.125%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.27	−0.225%	$46K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.59	+0.001%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	141.59	long leg	$79K	—	150x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.269%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.53	−0.039%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0086%	8h	141.56	−0.020%	$17K	$8K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	141.40	−0.133%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	141.39	−0.141%	$13K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	141.48	−0.076%	$827K	$400K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	141.71	+0.089%	$77.4M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.60	+0.006%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.43	−0.113%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.58	−0.005%	$63.6M	$192.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.55	−0.027%	$61.0M	$69.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.56	−0.020%	$16.6M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.63	+0.030%	$92K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.56	−0.017%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.59	+0.001%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.57	−0.013%	$22.9M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.59	+0.001%	$10.3M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.56	−0.020%	$28.8M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.54	−0.034%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.23	−0.252%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.24	−0.242%	$109K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.30	−0.206%	$452K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.25	−0.239%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.62	+0.023%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.52	−0.045%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.56	−0.020%	$5K	$298K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.67	+0.055%	$667K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.52	−0.048%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.51	−0.056%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.59	+0.003%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	141.62	+0.023%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0203%	1h	141.47	−0.083%	$385K	$732K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.46	−0.090%	$753K	$2.7M	50x	as long as short
Lighter AAVE	+0.0216%	1h	141.76	+0.121%	$4.5M	$2.5M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.57	−0.013%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.58	−0.003%	$178K	$296K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	141.65	+0.041%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.58	−0.002%	$110K	—	100x	as long as short