Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.316%

Price spread now: Paradex against Deribit−0.065%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Paradex

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

Funding pays, the price is against you. Paradex is 0.065% cheaper against Deribit than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 42 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	145.51	−0.0025	get 0.0003% / 1h	5m 46s	$254K	$436K	50x
Short	Paradex AAVE-USD-PERP	145.41	0.0100	get 0.0100% / 8h	1h 05m	$14K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now −0.065%Rate

Funding earned: $26.2
Price spread: −0.065% → 0.000%: −$6.54
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $8.66
Costs to cover: 0.110%
Break-even: 4.7 days

Slippage unknown: Deribit: live order book, 8 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 Deribit live order book, 8 min ago	5.17 bp	11.4 bp −$11	doesn't fit	doesn't fit	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
01 Exchange AAVEUSD	−0.0128%	1h	145.47	−0.027%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	145.40	−0.076%	$5K	$100K	10x	as long as short
Deribit AAVE_USDC-PERPETUALlong	−0.0025%	1h	145.51	long leg	$254K	$436K	50x
SoDEX AAVE-USD	−0.0021%	1h	145.50	−0.007%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.33	−0.125%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.49	−0.014%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.55	+0.029%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.876%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0038%	8h	145.41	−0.069%	$30.7M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0039%	8h	145.45	−0.041%	$66.3M	$185.0M	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	145.47	−0.031%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.51	+0.002%	$181K	$245K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.49	−0.014%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.59	+0.055%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0059%	8h	145.44	−0.048%	$17.6M	$67.1M	50x	as long as short
Gate AAVE_USDT	+0.0067%	8h	145.43	−0.055%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.62	+0.075%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.69	+0.126%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	145.41	−0.065%	$14K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	145.47	−0.027%	$805K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.60	+0.062%	$80.0M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.48	−0.019%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.40	−0.074%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.45	−0.041%	$62.1M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.46	−0.034%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.13	−0.264%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.41	−0.069%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.48	−0.021%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.47	−0.027%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.61	+0.069%	$348K	$723K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.04	−0.326%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.06	−0.311%	$104K	$315K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.27	−0.163%	$459K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.28	−0.158%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.54	+0.021%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.49	−0.012%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.57	+0.044%	$697K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.46	−0.034%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.37	−0.096%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0154%	8h	145.23	−0.192%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.54	+0.018%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	−0.309%	$787K	$3.0M	50x	as long as short