Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0542%/8h= −59.3% APRpaid last 24h −0.311%

Price spread now: Deribit against Paradex−0.088%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 Deribit

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

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Deribit is 0.088% cheaper against Paradex than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AAVE-USD-PERP	144.44	0.0100	pay 0.0100% / 8h	2h 32m	$14K	$4K	20x
Short	Deribit AAVE_USDC-PERPETUAL	144.31	−0.0442	pay 0.0055% / 1h	32m 17s	$248K	$483K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$113.82
Price spread: −0.088% → 0.000%: −$8.75
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$133.57
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 52 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 Deribit live order book, 52 min ago	14.23 bp	17.7 bp −$18	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
Deribit AAVE_USDC-PERPETUALshort	−0.0442%	1h	144.31	−0.088%	$248K	$483K	50x
SoDEX AAVE-USD	−0.0201%	1h	144.26	−0.122%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.33	−0.074%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.43	−0.004%	$4K	$101K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0026%	1h	144.08	−0.247%	$134K	$229K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.40	−0.022%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.32	−0.081%	$71K	$1.6M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.41	−0.016%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.42	−0.014%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.176%	$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	144.30	−0.092%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.31	−0.088%	$17.5M	$65.7M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0054%	8h	144.32	−0.081%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0055%	8h	144.34	−0.067%	$7.7M	$15.8M	75x	as long as short
Binance AAVEUSDT	+0.0065%	8h	144.27	−0.115%	$65.7M	$183.4M	75x	as long as short
MEXC AAVE_USDT	+0.0067%	8h	144.25	−0.129%	$31.6M	$26.2M	200x	as long as short
Nado AAVE-PERP	+0.0089%	1h	144.35	−0.060%	$801K	$436K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0094%	8h	144.35	−0.057%	$455K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.47	+0.026%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.34	−0.070%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.40	−0.028%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	144.44	long leg	$14K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	144.47	+0.023%	$80.2M	$33.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.34	−0.064%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.42	−0.009%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.30	−0.094%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.36	−0.053%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.61	+0.123%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.35	−0.060%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.28	−0.108%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.35	−0.060%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.33	−0.074%	$377K	$702K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.08	−0.247%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.26	−0.121%	$100K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.41	−0.018%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.33	−0.072%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.47	+0.023%	$724K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.33	−0.074%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.26	−0.124%	$928K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0187%	8h	144.33	−0.074%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.053%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.41	−0.015%	$124K	—	100x	as long as short