Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h −0.013%

Price spread now: Kraken Futures against Paradex+0.100%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 Kraken Futures

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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.100% dearer against Paradex than usual: you sell high and buy low: +$10 more if the spread 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	142.91	0.0100	pay 0.0100% / 8h	7h 03m	$13K	$4K	20x
Short	Kraken Futures PF_AAVEUSD	143.06	0.0246	get 0.0031% / 1h	3m 53s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.100%Rate

Funding earned: $30.62
Price spread: +0.100% → 0.000%: $9.97
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $26.6
Costs to cover: 0.140%
Break-even: 0.9 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago	3.85 bp	13.1 bp −$13	19.9 bp −$199	104.5 bp −$10.4K	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
Phemex AAVEUSDT	−0.0120%	8h	142.99	+0.053%	$4.0M	$3.6M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.99	+0.055%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.00	+0.060%	$50K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.99	+0.053%	$212K	$360K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.00	+0.063%	$82K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.166%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.88	−0.026%	—	—	20x	as long as short
01 Exchange AAVEUSD	+0.0072%	1h	143.04	+0.088%	$10K	$2K	5x	as long as short
Orderly PERP_AAVE_USDC	+0.0092%	8h	142.96	+0.032%	$17K	$6K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.20	+0.197%	$4.6M	$2.6M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0096%	1h	142.73	−0.129%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	142.91	long leg	$13K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	142.97	+0.041%	$832K	$384K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.16	+0.172%	$78.4M	$36.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.03	+0.081%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.98	+0.049%	$349K	$366K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.93	+0.009%	$63.9M	$187.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.91	−0.003%	$61.7M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.93	+0.011%	$16.6M	$63.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.16	+0.172%	$98K	$228K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.71	−0.144%	$165K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.96	+0.032%	$8.1M	$16.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.94	+0.018%	$22.7M	$24.4M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.98	+0.046%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.00	+0.060%	$29.0M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.94	+0.018%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.08	+0.117%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.79	−0.084%	$110K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.87	−0.029%	$448K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.88	−0.024%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.02	+0.074%	$135K	$465K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.94	+0.020%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.97	+0.039%	$6K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.13	+0.151%	$671K	$5.3M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.88	−0.022%	$916K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.01	+0.069%	$121K	$146	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	143.20	+0.200%	$761K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.90	−0.010%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	143.06	+0.102%	$174K	$275K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0226%	1h	143.10	+0.130%	$389K	$731K	10x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0246%	1h	143.06	+0.100%	$3.4M	$2.1M	50x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	143.02	+0.073%	$111K	—	100x	as long as short