Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.003%

Price spread now: RISEx against Paradex+0.078%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 RISEx

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and RISEx is 0.078% dearer against Paradex than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AAVE-USD-PERP	142.42	0.0100	pay 0.0100% / 8h	6h 57m	$13K	$4K	20x
Short	RISEx AAVE/USDC	142.53	0.0164	get 0.0021% / 1h	57m 28s	$173K	$275K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.078%Rate

Funding earned: $13.48
Price spread: +0.078% → 0.000%: $7.82
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: $11.3
Costs to cover: 0.100%
Break-even: 1.1 days

Slippage unknown: Paradex: no order-book sample; RISEx: live order book, 36 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 RISEx live order book, 36 min ago	1.24 bp	4.2 bp −$4	10.1 bp −$101	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 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
Phemex AAVEUSDT	−0.0062%	8h	142.41	−0.006%	$3.9M	$3.6M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0031%	1h	142.46	+0.030%	$211K	$359K	50x	as long as short
SoDEX AAVE-USD	−0.0026%	1h	142.38	−0.027%	$6K	$285K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.48	+0.046%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.49	+0.051%	$50K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.88	+0.324%	$82K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.832%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.43	+0.011%	—	—	20x	as long as short
01 Exchange AAVEUSD	+0.0080%	1h	142.54	+0.086%	$10K	$2K	5x	as long as short
Orderly PERP_AAVE_USDC	+0.0093%	8h	142.43	+0.008%	$17K	$6K	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	142.63	+0.150%	$4.6M	$2.2M	10x	as long as short
Phoenix AAVE	+0.0096%	1h	142.69	+0.191%	$4K	$97K	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	142.42	long leg	$13K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	142.35	−0.044%	$824K	$385K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.59	+0.121%	$78.1M	$36.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.52	+0.072%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.46	+0.032%	$347K	$364K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.47	+0.034%	$63.9M	$186.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.44	+0.015%	$61.3M	$67.0M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.44	+0.015%	$16.5M	$62.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.60	+0.128%	$98K	$228K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.43	+0.008%	$8.1M	$13.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.47	+0.037%	$22.5M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.42	+0.001%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.45	+0.022%	$29.0M	$17.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.40	−0.013%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.53	+0.079%	$388K	$732K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.82	+0.281%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.63	+0.150%	$110K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.98	+0.395%	$449K	$3.4M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.01	+0.416%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.53	+0.079%	$133K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.37	−0.032%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.50	+0.060%	$668K	$5.3M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.39	−0.018%	$164K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.34	−0.054%	$916K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.46	+0.031%	$120K	$146	10x	as long as short
RISEx AAVE/USDCshort	+0.0164%	1h	142.53	+0.078%	$173K	$275K	10x
Kraken Futures PF_AAVEUSD	+0.0175%	1h	142.48	+0.044%	$3.4M	$2.1M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.50	+0.058%	$3.2M	$3.5M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0232%	1h	142.71	+0.205%	$758K	$2.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	142.91	+0.344%	$111K	—	100x	as long as short