Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0167%/8h= −18.3% APRpaid last 24h +0.059%

Price spread now: Paradex against Kraken Futures+0.014%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	143.94	0.0267	pay 0.0033% / 1h	33m 35s	$3.5M	$2.1M	50x
Short	Paradex AAVE-USD-PERP	143.95	0.0100	get 0.0100% / 8h	5h 33m	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$35.13
Price spread: +0.014% → 0.000%: $1.36
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$47.77
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago	5.23 bp	15.4 bp −$15	27.3 bp −$273	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
01 Exchange AAVEUSD	−0.0064%	1h	143.94	+0.003%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.86	−0.050%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.74	−0.135%	$60K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.82	−0.080%	$228K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.81	−0.088%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.846%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.82	−0.080%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.79	−0.101%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0055%	1h	143.97	+0.024%	$834K	$432K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.28	−0.455%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.11	+0.124%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	143.95	+0.014%	$13K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	144.01	+0.052%	$77.9M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.99	+0.036%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.97	+0.024%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.96	+0.017%	$64.5M	$182.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.97	+0.024%	$61.5M	$64.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.98	+0.031%	$17.2M	$63.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.98	+0.031%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.90	−0.024%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.98	+0.031%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.96	+0.017%	$26.0M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.98	+0.031%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.95	+0.010%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.97	+0.024%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.97	+0.024%	$321K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.76	−0.124%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.84	−0.065%	$104K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.91	−0.015%	$453K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.97	+0.024%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.83	−0.073%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.78	−0.107%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.82	−0.080%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.87	−0.048%	$695K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.80	−0.094%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.91	−0.014%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.85	−0.061%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.01	+0.049%	$188K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.00	+0.045%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.81	−0.084%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0267%	1h	143.94	long leg	$3.5M	$2.1M	50x
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.23	+0.205%	$778K	$2.8M	50x	as long as short