Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h −0.059%

Price spread now: Kraken Futures against Paradex−0.011%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Kraken Futures

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: +$5 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	142.87	0.0100	pay 0.0100% / 8h	5h 04m	$13K	$4K	20x
Short	Kraken Futures PF_AAVEUSD	142.86	0.0269	get 0.0034% / 1h	4m 02s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.011%Rate

Funding earned: $35.53
Price spread: −0.011% → 0.000%: −$1.07
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $20.46
Costs to cover: 0.140%
Break-even: 3.0 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago	3.84 bp	8.8 bp −$9	17.1 bp −$171	143.7 bp −$14.4K	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 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	−0.0591%	1h	142.65	−0.155%	$226K	$392K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	142.86	−0.008%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.03	+0.108%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.77	−0.071%	$53K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.78	−0.062%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.138%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.68	−0.136%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.73	−0.099%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0062%	1h	142.78	−0.064%	$830K	$436K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.30	+0.300%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	142.96	+0.064%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	142.87	long leg	$13K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	142.89	+0.013%	$77.3M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.78	−0.064%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.98	+0.075%	$325K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.80	−0.050%	$63.9M	$183.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.83	−0.029%	$61.1M	$64.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.84	−0.022%	$17.1M	$63.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.87	−0.001%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.99	+0.085%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.78	−0.064%	$7.8M	$15.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.79	−0.057%	$25.7M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.88	+0.006%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.80	−0.050%	$29.9M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.68	−0.134%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.85	−0.015%	$318K	$694K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.80	−0.052%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.18	+0.214%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.38	+0.353%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.44	+0.398%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.86	−0.008%	$127K	$423K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.70	−0.118%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.73	−0.099%	$5K	$303K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.12	+0.173%	$689K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.83	−0.029%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.74	−0.093%	$909K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.78	−0.062%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	142.91	+0.023%	$180K	$238K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.79	−0.057%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	142.77	−0.070%	$123K	—	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0269%	1h	142.86	−0.011%	$3.4M	$2.1M	50x
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.73	−0.099%	$771K	$2.8M	50x	as long as short