Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.025%

Price spread now: Hyperliquid against Paradex+0.102%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.102% dearer against Paradex than usual: you sell high and buy low, +$10 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	146.03	0.0100	pay 0.0100% / 8h	34m 25s	$14K	$4K	20x
Short	Hyperliquid AAVE	146.18	0.0100	get 0.0013% / 1h	34m 25s	$80.6M	$34.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.102%Rate

Funding earned: $0.02
Price spread: +0.102% → 0.000%: $10.22
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$2.76
Costs to cover: 0.130%
Break-even: 815.1 days

Slippage unknown: Paradex: no order-book sample; Hyperliquid: live order book, 9 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 Hyperliquid live order book, 9 min ago	0.68 bp	6.3 bp −$6	11.2 bp −$112	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
SoDEX AAVE-USD	−0.0066%	1h	146.05	+0.013%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.03	−0.001%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.09	+0.041%	$255K	$394K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.14	+0.072%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	146.08	+0.034%	$11K	$2K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.09	+0.041%	$85K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.17	+0.095%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.11	+0.054%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.212%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	146.08	+0.034%	$30.5M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0040%	8h	146.03	−0.001%	$66.5M	$185.9M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.00	−0.022%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	146.04	+0.006%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.04	+0.006%	$18.0M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0076%	8h	146.01	−0.014%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.08	+0.037%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.24	+0.143%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	146.03	long leg	$14K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	145.99	−0.028%	$803K	$442K	10x	as long as short
Hyperliquid AAVEshort	+0.0100%	1h	146.18	+0.102%	$80.6M	$34.6M	10x
Aster AAVEUSDT	+0.0100%	8h	146.14	+0.074%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.06	+0.017%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.03	−0.001%	$62.3M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.09	+0.041%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	−0.103%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.01	−0.014%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.96	−0.048%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.02	−0.007%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.24	+0.143%	$359K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.13	+0.067%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.68	−0.239%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.69	−0.233%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.66	−0.254%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.10	+0.047%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.03	+0.001%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.45	+0.290%	$700K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.11	+0.054%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.02	−0.007%	$935K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.09	+0.038%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0160%	8h	146.13	+0.068%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.09	+0.044%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.23	+0.136%	$789K	$3.0M	50x	as long as short