Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0267%/8h= −29.2% APRpaid last 24h −0.314%

Price spread now: Deribit against Paradex+0.002%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 Deribit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AAVE-USD-PERP	143.93	0.0100	pay 0.0100% / 8h	5h 54m	$13K	$4K	20x
Short	Deribit AAVE_USDC-PERPETUAL	143.93	−0.0167	pay 0.0021% / 1h	54m 32s	$244K	$370K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$56.05
Price spread: +0.002% → 0.000%: $0.23
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$66.82
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 4 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 Deribit live order book, 4 min ago	6.58 bp	10.1 bp −$10	doesn't fit	doesn't fit	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 41 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
ApeX Omni AAVEUSDT	−0.0648%	1h	143.72	−0.144%	$134K	$219K	50x	as long as short
Deribit AAVE_USDC-PERPETUALshort	−0.0167%	1h	143.93	+0.002%	$244K	$370K	50x
01 Exchange AAVEUSD	−0.0064%	1h	143.91	−0.012%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.99	+0.047%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.12	+0.134%	$72K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.00	+0.051%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.59	+0.461%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.840%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.86	−0.046%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.94	+0.009%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0088%	8h	143.84	−0.060%	$17.2M	$63.4M	50x	as long as short
MEXC AAVE_USDT	+0.0092%	8h	143.91	−0.012%	$26.4M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0093%	8h	143.88	−0.032%	$64.9M	$180.9M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.13	+0.144%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	143.93	long leg	$13K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	143.94	+0.013%	$801K	$409K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.05	+0.086%	$77.9M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.95	+0.016%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.93	+0.001%	$328K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.89	−0.025%	$61.5M	$63.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.93	+0.002%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.04	+0.082%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.91	−0.012%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.00	+0.051%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.85	−0.053%	$29.9M	$17.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.92	−0.005%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.12	+0.134%	$322K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.60	+0.469%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.85	−0.055%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.82	−0.073%	$451K	$3.8M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.92	−0.005%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.94	+0.012%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.97	+0.030%	$5K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.28	+0.243%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.10	+0.120%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.86	−0.049%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.98	+0.036%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.97	+0.031%	$199K	$228K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0258% / S −0.0409%	1h	144.00	+0.050%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.10	+0.121%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.56	+0.440%	$777K	$2.8M	50x	as long as short