Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Paradex+0.045%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 gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.045% dearer against Paradex than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AAVE-USD-PERP	141.65	0.0100	pay 0.0100% / 8h	4h 38m	$13K	$4K	20x
Short	gTrade (Gains Network) AAVE/USD	141.71	L +0.0005% / S −0.0004%	get 0.0000% / 1h	38m 45s	$79K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.045%Rate

Funding earned: −$20.11
Price spread: +0.045% → 0.000%: $4.5
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$29.61
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): 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 Paradex no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Paradex and gTrade (Gains Network): 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	−0.0168%	1h	141.65	0.000%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.69	+0.028%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.80	+0.106%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.59	−0.043%	$219K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	141.71	+0.045%	$79K	—	150x
SoDEX AAVE-USD	+0.0020%	1h	141.57	−0.057%	$5K	$299K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.311%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.66	+0.008%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	141.59	−0.043%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0050%	1h	141.72	+0.049%	$839K	$447K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	142.05	+0.282%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.71	+0.045%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	141.65	long leg	$13K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	141.75	+0.070%	$76.5M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.68	+0.021%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.63	−0.011%	$324K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.58	−0.048%	$63.4M	$185.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.61	−0.028%	$60.6M	$66.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.62	−0.021%	$17.0M	$63.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.80	+0.106%	$63K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.12	+0.332%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.68	+0.021%	$8.0M	$15.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.59	−0.043%	$24.9M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.65	0.000%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.54	−0.078%	$28.8M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.61	−0.028%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.68	+0.021%	$336K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.94	+0.204%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.18	+0.376%	$102K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.91	+0.180%	$445K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.90	+0.176%	$132K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.72	+0.049%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.67	+0.014%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.73	+0.058%	$682K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.65	0.000%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.57	−0.053%	$892K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.61	−0.031%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	141.73	+0.058%	$176K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.96	+0.219%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.71	+0.040%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0327%	1h	141.70	+0.033%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.18	+0.374%	$788K	$2.9M	50x	as long as short