Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.050%

Price spread now: Coinbase International against Paradex−0.129%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 Coinbase International

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 pays, the price is against you. Coinbase International is 0.129% cheaper against Paradex than usual: you would sell low and buy high (spread −0.129% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 37 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AAVE-USD-PERP	142.75	0.0100	pay 0.0100% / 8h	2h 37m	$13K	$4K	20x
Short	Coinbase International AAVE-PERP-INTX	142.57	0.0376	get 0.0047% / 1h	37m 30s	$775K	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.129%Rate

Funding earned: $57.96
Price spread: −0.129% → 0.000%: −$12.85
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $31.11
Costs to cover: 0.140%
Break-even: 3.2 days

Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago	2.81 bp	9.8 bp −$10	15.0 bp −$150	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
Nado AAVE-PERP	−0.0007%	1h	142.74	−0.013%	$831K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.69	−0.047%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.40	−0.248%	$55K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.54	−0.150%	$218K	$393K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.48	−0.194%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.058%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.51	−0.168%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0065%	8h	142.49	−0.185%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0076%	8h	142.48	−0.192%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	142.75	−0.002%	$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	142.75	long leg	$13K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	142.84	+0.061%	$78.1M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.78	+0.022%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.77	+0.009%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.76	+0.008%	$63.7M	$189.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.69	−0.044%	$61.2M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.65	−0.072%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.85	+0.068%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.52	−0.162%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.72	−0.023%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.77	+0.012%	$25.4M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.71	−0.030%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.72	−0.023%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.74	−0.009%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.41	−0.240%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.23	−0.367%	$105K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.24	−0.360%	$445K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.27	−0.339%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.60	−0.108%	$134K	$459K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.48	−0.189%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.53	−0.157%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.046%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.71	−0.029%	$903K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.54	−0.152%	$120K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0113%	1h	142.68	−0.051%	$335K	$728K	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.39	−0.255%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.80	+0.033%	$186K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.24	−0.360%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.63	−0.083%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.47	−0.197%	$111K	—	100x	as long as short
Lighter AAVE	+0.0312%	1h	142.96	+0.143%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTXshort	+0.0376%	1h	142.57	−0.129%	$775K	$2.8M	50x