Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.045%

Price spread now: Paradex against SoDEX+0.036%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.036% dearer against SoDEX than usual: you sell high and buy low, +$4 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	SoDEX AAVE-USD	143.82	0.0100	pay 0.0013% / 1h	50m 59s	$5K	$312K	10x
Short	Paradex AAVE-USD-PERP	143.87	0.0100	get 0.0100% / 8h	3h 50m	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against SoDEX. 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 SoDEXbpFee ParadexbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$0.03
Price spread: +0.036% → 0.000%: $3.58
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$8.45
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 3 min ago; Paradex: 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 SoDEX live order book, 3 min ago	0.35 bp	5.2 bp −$5	10.6 bp −$106	98.8 bp −$9,883	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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
dYdX AAVE-USD	0.0000%	1h	143.87	+0.036%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.69	−0.090%	$54K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.84	+0.014%	$220K	$402K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.87	+0.035%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.770%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.99	+0.118%	$4K	$106K	10x	as long as short
Phemex AAVEUSDT	+0.0040%	8h	143.86	+0.028%	$4.0M	$3.7M	50x	as long as short
Nado AAVE-PERP	+0.0044%	1h	143.82	0.000%	$846K	$396K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.83	+0.008%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	143.85	+0.021%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.91	+0.065%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	143.87	+0.036%	$13K	$4K	20x
Aster AAVEUSDT	+0.0100%	8h	143.91	+0.064%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.90	+0.057%	$329K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.90	+0.052%	$64.4M	$187.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.87	+0.035%	$61.9M	$67.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.85	+0.021%	$17.2M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.97	+0.104%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.81	−0.007%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.82	0.000%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.81	−0.007%	$25.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.84	+0.014%	$10.6M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.80	−0.014%	$29.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.91	+0.063%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.84	+0.014%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.82	0.000%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.88	+0.041%	$458K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.84	+0.014%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.90	+0.056%	$128K	$443K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.81	−0.010%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDlong	+0.0100%	1h	143.82	long leg	$5K	$312K	10x
HTX AAVE-USDT	+0.0100%	8h	143.96	+0.097%	$692K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.78	−0.029%	$911K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.88	+0.039%	$122K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	143.89	+0.049%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.91	+0.063%	$186K	$251K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0197%	1h	143.98	+0.111%	$338K	$720K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.75	−0.049%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	143.86	+0.027%	$3.5M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.87	+0.035%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	144.18	+0.250%	$791K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0416%	1h	144.07	+0.174%	$79.2M	$36.7M	10x	as long as short