Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h −0.002%

Price spread now: Aevo against Paradex−0.115%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aevo

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.115% cheaper against Paradex than usual: you would sell low and buy high, −$12 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	Paradex AAVE-USD-PERP	143.27	0.0100	pay 0.0100% / 8h	4h 01m	$13K	$4K	20x
Short	Aevo AAVE-PERP	143.11	0.0104	get 0.0013% / 1h	1m 37s	$121K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now −0.115%Rate

Funding earned: $0.88
Price spread: −0.115% → 0.000%: −$11.52
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$30.63
Costs to cover: 0.200%
Break-even: 250.3 days

Slippage unknown: Paradex: no order-book sample; Aevo: live order book, 57 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo live order book, 57 min ago	42.45 bp	78.2 bp −$78	doesn't fit	doesn't fit	doesn't fit

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	−0.0128%	1h	143.39	+0.081%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.37	+0.064%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.99	−0.198%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.10	−0.121%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.04	−0.162%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0011%	1h	142.99	−0.195%	$841K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.407%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.96	−0.218%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.05	−0.156%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.73	−0.380%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0085%	1h	143.09	−0.128%	$5K	$302K	10x	as long as short
Phemex AAVEUSDT	+0.0087%	8h	143.02	−0.177%	$4.0M	$3.7M	50x	as long as short
Lighter AAVE	+0.0096%	1h	143.39	+0.078%	$4.6M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	143.27	long leg	$13K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	143.42	+0.102%	$78.2M	$36.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.12	−0.106%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.33	+0.039%	$328K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.33	+0.039%	$63.9M	$186.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.36	+0.060%	$61.6M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.33	+0.039%	$17.2M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.44	+0.116%	$64K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.519%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.34	+0.046%	$8.1M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.32	+0.032%	$25.1M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.34	+0.046%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.33	+0.039%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.36	+0.060%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.15	−0.086%	$336K	$720K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	−0.380%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.62	−0.457%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.87	−0.279%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.69	−0.408%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.04	−0.163%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.95	−0.227%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.19	−0.061%	$689K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.28	+0.007%	$901K	$1.7M	50x	as long as short
Aevo AAVE-PERPshort	+0.0104%	1h	143.11	−0.115%	$121K	$146	10x
RISEx AAVE/USDC	+0.0136%	1h	143.38	+0.074%	$179K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.00	−0.191%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.03	−0.172%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.20	−0.055%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	−0.247%	$793K	$2.8M	50x	as long as short