Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%

Price spread now: Bybit against Paradex−0.040%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 Bybit

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: Bybit is 0.040% cheaper against Paradex than usual: you would sell low and buy high, −$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	142.26	0.0100	pay 0.0100% / 8h	2h 39m	$13K	$4K	20x
Short	Bybit AAVEUSDT	142.20	0.0100	get 0.0100% / 8h	2h 39m	$61.0M	$68.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → 0.000%: −$4.01
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$19.01
Costs to cover: 0.150%
Break-even: 195729.6 days

Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.35 bp	7.0 bp −$7	13.7 bp −$137	55.1 bp −$5,506	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
Deribit AAVE_USDC-PERPETUAL	−0.0031%	1h	142.30	+0.030%	$217K	$393K	50x	as long as short
Nado AAVE-PERP	−0.0006%	1h	142.24	−0.016%	$828K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.29	+0.026%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.63	+0.262%	$55K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.28	+0.016%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.724%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.23	−0.020%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0065%	8h	142.28	+0.016%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0083%	8h	142.36	+0.072%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	142.30	+0.030%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERPlong	+0.0100%	8h	142.26	long leg	$13K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	142.40	+0.100%	$77.9M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.27	+0.011%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.31	+0.038%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.20	−0.040%	$63.4M	$189.6M	75x	as long as short
Bybit AAVEUSDTshort	+0.0100%	8h	142.20	−0.040%	$61.0M	$68.3M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.20	−0.040%	$17.0M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.36	+0.072%	$63K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.52	+0.187%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.27	+0.009%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.29	+0.023%	$25.3M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.28	+0.016%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.16	−0.068%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.26	+0.002%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.47	+0.150%	$334K	$727K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.41	+0.109%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.70	+0.310%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.49	+0.163%	$446K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.49	+0.164%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.30	+0.030%	$133K	$459K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.28	+0.017%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.29	+0.023%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.43	+0.120%	$680K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.19	−0.048%	$903K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.32	+0.048%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.39	+0.093%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.26	0.000%	$185K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.43	+0.122%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.36	+0.075%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.25	−0.004%	$111K	—	100x	as long as short
Lighter AAVE	+0.0296%	1h	142.50	+0.169%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.24	−0.012%	$782K	$2.8M	50x	as long as short