Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h 0.000%

Price spread now: Paradex against Bulk−0.074%7-day average — · you buy dearer than you sell

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

Long on Bulk 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 pays, the price is against you. Paradex is 0.074% cheaper against Bulk than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk AAVE-USD	143.56	0.0049	pay 0.0006% / 1h	0m 06s	$60K	$3K	10x
Short	Paradex AAVE-USD-PERP	143.45	0.0100	get 0.0100% / 8h	2h 00m	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bulk. 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 BulkbpFee ParadexbpOrdersPrice spread, now −0.074%Rate

Funding earned: $10.69
Price spread: −0.074% → 0.000%: −$7.39
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.7
Costs to cover: 0.110%
Break-even: 12.0 days

Slippage unknown: Bulk: no order-book sample; 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 Bulk no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Bulk and 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
Deribit AAVE_USDC-PERPETUAL	−0.0446%	1h	143.64	+0.056%	$252K	$489K	50x	as long as short
SoDEX AAVE-USD	−0.0161%	1h	143.56	0.000%	$5K	$298K	10x	as long as short
01 Exchange AAVEUSD	−0.0112%	1h	143.44	−0.084%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	143.51	−0.035%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.63	+0.052%	$102K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.69	+0.091%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.68	+0.086%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.69	+0.093%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.597%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0043%	8h	143.53	−0.021%	$65.2M	$185.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0043%	8h	143.59	+0.021%	$31.1M	$26.6M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.58	+0.013%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	143.58	+0.014%	$18K	$12K	10x	as long as short
Bulk AAVE-USDlong	+0.0049%	1h	143.56	long leg	$60K	$3K	10x
OKX AAVE-USDT-SWAP	+0.0053%	8h	143.54	−0.014%	$17.3M	$66.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0058%	1h	143.62	+0.042%	$134K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0062%	8h	143.56	0.000%	$7.7M	$16.0M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	143.63	+0.048%	$121K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	143.60	+0.028%	$449K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.73	+0.121%	$4.6M	$1.7M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	143.55	−0.009%	$179K	$246K	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	143.45	−0.074%	$13K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	143.47	−0.063%	$794K	$438K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.66	+0.070%	$78.8M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.64	+0.054%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.49	−0.046%	$327K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.57	+0.007%	$61.0M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.49	−0.049%	$50K	$274K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.56	0.000%	$9.9M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.52	−0.028%	$29.9M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.55	−0.007%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.69	+0.091%	$379K	$710K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.65	+0.062%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.15	−0.289%	$101K	$315K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.53	−0.021%	$125K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.57	+0.010%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.70	+0.098%	$714K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.60	+0.028%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.56	0.000%	$919K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0164%	8h	143.64	+0.056%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	143.80	+0.167%	$772K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.68	+0.080%	$123K	—	100x	as long as short