Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against Paradex+0.041%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 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: Bulk is 0.041% dearer against Paradex than usual: you sell high and buy low, +$4 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	145.08	0.0100	pay 0.0100% / 8h	2h 46m	$14K	$4K	20x
Short	Bulk AAVE-USD	145.14	0.0100	get 0.0013% / 1h	46m 32s	$61K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → 0.000%: $4.08
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$6.92
Costs to cover: 0.110%
Break-even: 12095.8 days

Slippage unknown: Paradex: no order-book sample; Bulk: 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 Paradex no order-book sample	—	—	—	—	—
Sell Bulk no order-book sample	—	—	—	—	—

Paradex and Bulk: 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	−0.0369%	1h	145.22	+0.098%	$250K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0166%	1h	145.15	+0.050%	$5K	$311K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.08	+0.001%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	145.11	+0.022%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.16	+0.057%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.15	+0.050%	$74K	$1.6M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.24	+0.110%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.30	+0.155%	$3.5M	$2.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0019%	1h	145.02	−0.040%	$135K	$229K	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.596%	$422	$51K	12x	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	145.17	+0.065%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	145.06	−0.012%	$17.7M	$65.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0058%	8h	145.16	+0.057%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0062%	8h	145.07	−0.005%	$7.8M	$15.6M	75x	as long as short
Nado AAVE-PERP	+0.0074%	1h	145.16	+0.058%	$805K	$444K	10x	as long as short
Binance AAVEUSDT	+0.0078%	8h	145.02	−0.040%	$65.9M	$181.7M	75x	as long as short
MEXC AAVE_USDT	+0.0079%	8h	145.06	−0.012%	$32.2M	$26.0M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.27	+0.134%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.15	+0.050%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	145.08	long leg	$14K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	145.25	+0.119%	$81.2M	$32.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.14	+0.043%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.10	+0.019%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.09	+0.008%	$61.8M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.10	+0.015%	$50K	$274K	10x	as long as short
Bulk AAVE-USDshort	+0.0100%	1h	145.14	+0.041%	$61K	$3K	10x
KuCoin AAVEUSDTM	+0.0100%	8h	145.09	+0.008%	$10.2M	$8.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.09	+0.008%	$30.3M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.10	+0.015%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.27	+0.132%	$381K	$703K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.98	−0.070%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.18	+0.070%	$101K	$313K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.21	+0.091%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.24	+0.112%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.13	+0.032%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.37	+0.200%	$738K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.16	+0.057%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.06	−0.010%	$936K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.22	+0.098%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0199%	8h	145.12	+0.029%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.44	+0.250%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.24	+0.113%	$125K	—	100x	as long as short