Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Paradex against Lighter−0.131%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · Paradex: 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 0.131% cheaper against Lighter than usual: you would sell low and buy high, −$13 on $10k if it 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	Lighter AAVE	144.88	0.0096	pay 0.0012% / 1h	33m 23s	$4.7M	$1.6M	10x
Short	Paradex AAVE-USD-PERP	144.69	0.0100	get 0.0100% / 8h	1h 33m	$14K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Lighter. 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 LighterbpFee ParadexbpOrdersPrice spread, now −0.131%Rate

Funding earned: $0.77
Price spread: −0.131% → 0.000%: −$13.13
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$16.36
Costs to cover: 0.040%
Break-even: 155.2 days

Slippage unknown: Lighter: 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 Lighter live order book, 4 min ago	2.28 bp	3.2 bp −$3	13.6 bp −$136	48.2 bp −$4,817	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	−0.0168%	1h	144.72	−0.113%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0165%	1h	144.67	−0.147%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0061%	1h	144.68	−0.140%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.94	+0.039%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.74	−0.102%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.56	−0.223%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.71	−0.120%	$70K	—	150x	as long as short
Binance AAVEUSDT	+0.0033%	8h	144.63	−0.173%	$65.8M	$185.6M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.469%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	144.64	−0.168%	$30.9M	$25.8M	200x	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	144.59	−0.201%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.78	−0.071%	$180K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.59	−0.202%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.62	−0.182%	$17.5M	$66.7M	50x	as long as short
Gate AAVE_USDT	+0.0053%	8h	144.64	−0.168%	$7.8M	$15.8M	75x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.79	−0.062%	$3.5M	$2.1M	50x	as long as short
Bulk AAVE-USD	+0.0080%	1h	144.69	−0.136%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.71	−0.117%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.70	−0.124%	$456K	$3.8M	10x	as long as short
Lighter AAVElong	+0.0096%	1h	144.88	long leg	$4.7M	$1.6M	10x
Paradex AAVE-USD-PERPshort	+0.0100%	8h	144.69	−0.131%	$14K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	144.72	−0.109%	$801K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.81	−0.050%	$79.6M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.70	−0.124%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.74	−0.096%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.67	−0.147%	$61.4M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.74	−0.099%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.66	−0.154%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.72	−0.113%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.67	−0.147%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.81	−0.050%	$380K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.61	−0.190%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.66	−0.156%	$103K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.57	−0.216%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.73	−0.106%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.46	−0.289%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.79	−0.066%	$694K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.58	−0.209%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.70	−0.129%	$929K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0134%	8h	144.68	−0.140%	$3.4M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.67	−0.144%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.80	−0.057%	$783K	$3.0M	50x	as long as short