Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Paradex−2.397%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 Injective

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 −$2 a day on $10k at the current rate, and Injective is 2.397% cheaper against Paradex than usual: you would sell low and buy high (−$240 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	140.32	0.0100	pay 0.0100% / 8h	4h 52m	$13K	$444	20x
Short	Injective AAVE/USDC PERP	136.96	0.0033	get 0.0004% / 1h	52m 30s	$422	$51K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −2.397%Rate

Funding earned: −$14
Price spread: −2.397% → 0.000%: −$239.7
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$257.72
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Paradex and Injective: 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 exchanges

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	−0.3238%	1h	139.99	−0.238%	$206K	$304K	50x	as long as short
SoDEX AAVE-USD	−0.0117%	1h	140.45	+0.090%	$7K	$216K	10x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	140.42	+0.069%	$10K	$2K	5x	as long as short
Bybit AAVEUSDT	−0.0009%	8h	140.34	+0.012%	$60.7M	$58.8M	75x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.39	+0.051%	$101K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.46	+0.097%	$41K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.41	+0.063%	$78K	—	150x	as long as short
Injective AAVE/USDC PERPshort	+0.0033%	1h	136.96	−2.397%	$422	$51K	12x
Reya AAVERUSDPERP	+0.0044%	1h	140.31	−0.008%	—	—	20x	as long as short
Variational Omni AAVE	+0.0057%	8h	140.50	+0.124%	$3.6M	$758K	—	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0084%	8h	140.37	+0.033%	$17K	$2K	10x	as long as short
Phemex AAVEUSDT	+0.0092%	8h	140.46	+0.097%	$3.9M	$3.6M	50x	as long as short
Lighter AAVE	+0.0096%	1h	140.57	+0.174%	$4.5M	$2.1M	10x	as long as short
Phoenix AAVE	+0.0097%	1h	140.65	+0.233%	$4K	$81K	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	140.32	long leg	$13K	$444	20x
Nado AAVE-PERP	+0.0100%	1h	140.40	+0.055%	$814K	$309K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.48	+0.112%	$77.1M	$27.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.50	+0.126%	$1.2M	$1.0M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.42	+0.066%	$342K	$300K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.36	+0.024%	$63.2M	$157.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.34	+0.012%	$16.1M	$50.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.54	+0.154%	$94K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.57	+0.178%	$165K	$20K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.41	+0.062%	$8.1M	$12.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.36	+0.026%	$22.4M	$21.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.40	+0.055%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.36	+0.026%	$29.0M	$15.7M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.39	+0.047%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	140.53	+0.147%	$385K	$590K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.53	+0.146%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.61	+0.203%	$443K	$3.0M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.54	+0.154%	$131K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.42	+0.069%	$131K	$367K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.38	+0.042%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	140.57	+0.179%	$635K	$1.4M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.34	+0.009%	$908K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.47	+0.104%	$119K	—	10x	as long as short
RISEx AAVE/USDC	+0.0175%	1h	140.47	+0.105%	$172K	$230K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.36	+0.026%	$3.2M	$3.3M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0255% / S −0.0365%	1h	140.45	+0.087%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	140.93	+0.432%	$751K	$2.1M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0336%	1h	140.55	+0.164%	$3.4M	$1.8M	50x	as long as short