Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Paradex+0.197%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.197% dearer against Paradex than usual: you sell high and buy low, +$20 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	144.99	0.0100	pay 0.0100% / 8h	1h 10m	$14K	$4K	20x
Short	Lighter AAVE	145.28	0.0096	get 0.0012% / 1h	10m 16s	$4.7M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.197%Rate

Funding earned: −$0.79
Price spread: +0.197% → 0.000%: $19.69
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $14.9
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 7 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 Lighter live order book, 7 min ago	1.93 bp	6.1 bp −$6	18.2 bp −$182	55.9 bp −$5,594	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
01 Exchange AAVEUSD	−0.0128%	1h	145.01	+0.013%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	145.09	+0.068%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0033%	1h	145.04	+0.033%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	145.06	+0.047%	$255K	$465K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.12	+0.090%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.10	+0.075%	$66K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.09	+0.069%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.539%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	145.00	+0.006%	$30.8M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0037%	8h	145.08	+0.061%	$66.1M	$185.2M	75x	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	144.94	−0.035%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.07	+0.054%	$180K	$245K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.02	+0.020%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.18	+0.129%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0058%	8h	145.07	+0.054%	$17.6M	$66.9M	50x	as long as short
Gate AAVE_USDT	+0.0066%	8h	144.98	−0.008%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.08	+0.060%	$123K	$146	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	145.28	+0.197%	$4.7M	$1.6M	10x
GRVT AAVE_USDT_Perp	+0.0099%	8h	145.02	+0.021%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	144.99	long leg	$14K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	144.99	−0.001%	$802K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.14	+0.104%	$79.8M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.08	+0.062%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.09	+0.067%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.08	+0.061%	$61.7M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.03	+0.027%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.13	+0.093%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.00	+0.006%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.04	+0.033%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.04	+0.033%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.23	+0.164%	$347K	$723K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.04	+0.030%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.01	+0.015%	$104K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.10	+0.075%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.08	+0.061%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.98	−0.006%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.12	+0.091%	$695K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.02	+0.020%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.01	+0.009%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	145.13	+0.096%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.04	+0.036%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	+0.047%	$787K	$3.0M	50x	as long as short