Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Paradex against Lighter−0.103%57s7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · Paradex: 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 0.103% cheaper against Lighter than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	146.17	0.0096	pay 0.0012% / 1h	44m 47s	$4.7M	$1.6M	10x
Short	Paradex AAVE-USD-PERP	146.02	0.0100	get 0.0100% / 8h	44m 47s	$14K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Lighter. 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 LighterbpFee ParadexbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0.81
Price spread: −0.103% → 0.000%: −$10.3
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$13.49
Costs to cover: 0.040%
Break-even: 123.7 days

Slippage unknown: Lighter: 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 Lighter live order book, 3 min ago	2.56 bp	5.0 bp −$5	14.1 bp −$141	46.9 bp −$4,690	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
Phoenix AAVE	−0.0027%	1h	146.19	+0.011%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.07	−0.071%	$255K	$406K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.08	−0.064%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.09	−0.057%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.18	+0.004%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.09	−0.054%	$71K	—	150x	as long as short
SoDEX AAVE-USD	+0.0020%	1h	146.05	−0.085%	$5K	$298K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.303%	$422	$51K	12x	as long as short
01 Exchange AAVEUSD	+0.0040%	1h	146.08	−0.064%	$11K	$2K	5x	as long as short
MEXC AAVE_USDT	+0.0044%	8h	145.98	−0.133%	$30.7M	$25.7M	200x	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	146.04	−0.094%	—	—	20x	as long as short
Binance AAVEUSDT	+0.0045%	8h	146.00	−0.119%	$66.5M	$185.5M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.04	−0.092%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	145.97	−0.140%	$17.8M	$67.4M	50x	as long as short
Gate AAVE_USDT	+0.0079%	8h	146.02	−0.105%	$7.8M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.07	−0.069%	$123K	$146	10x	as long as short
Lighter AAVElong	+0.0096%	1h	146.17	long leg	$4.7M	$1.6M	10x
Paradex AAVE-USD-PERPshort	+0.0100%	8h	146.02	−0.103%	$14K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	146.00	−0.116%	$808K	$439K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.04	−0.092%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.06	−0.077%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.00	−0.119%	$62.3M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.05	−0.085%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.218%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.98	−0.133%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.98	−0.133%	$30.5M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.99	−0.126%	—	$44.0M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.22	+0.029%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.29	+0.077%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.32	+0.100%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.94	−0.160%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.12	−0.037%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.02	−0.104%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.10	−0.053%	$699K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.11	−0.044%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.92	−0.175%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.09	−0.060%	$186K	$246K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0147%	1h	146.14	−0.023%	$359K	$737K	10x	as long as short
Hyperliquid AAVE	+0.0158%	1h	146.16	−0.010%	$80.7M	$34.5M	10x	as long as short
BloFin AAVE-USDT	+0.0165%	8h	145.98	−0.133%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.09	−0.055%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.175%	$795K	$3.0M	50x	as long as short