Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Paradex against Phemex−0.025%7-day average — · you buy dearer than you sell

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

Long on Phemex 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 airdropParadex: 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 0.025% cheaper against Phemex than usual: you would sell low and buy high, −$3 on $10k if it 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	Phemex AAVEUSDT	140.93	0.0100	pay 0.0100% / 8h	25m 22s	$3.9M	$3.6M	50x
Short	Paradex AAVE-USD-PERP	140.89	0.0100	get 0.0100% / 8h	25m 22s	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Phemex. 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 PhemexbpFee ParadexbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → 0.000%: −$2.51
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18.51
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phemex: 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 Phemex live order book, 3 min ago	3.90 bp	15.4 bp −$15	22.3 bp −$223	doesn't fit	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
dYdX AAVE-USD	0.0000%	1h	140.96	+0.019%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.98	+0.035%	$45K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.94	+0.007%	$212K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.96	+0.018%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.817%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.91	−0.015%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	140.92	−0.007%	$17K	$8K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.10	+0.123%	$4.5M	$2.5M	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	141.01	+0.057%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	140.89	−0.025%	$13K	$4K	20x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	140.91	−0.014%	$823K	$397K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.07	+0.099%	$77.1M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.98	+0.036%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.95	+0.013%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.95	+0.014%	$63.0M	$191.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.95	+0.014%	$60.5M	$69.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.95	+0.014%	$16.6M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.07	+0.099%	$91K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.09	+0.113%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.95	+0.014%	$8.0M	$16.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.97	+0.028%	$22.9M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.95	+0.014%	$10.1M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.92	−0.007%	$28.6M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.96	+0.021%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.88	−0.036%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.09	+0.117%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.16	+0.166%	$443K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.08	+0.106%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.00	+0.050%	$133K	$483K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.91	−0.015%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	140.92	−0.007%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.01	+0.060%	$667K	$5.3M	75x	as long as short
Phemex AAVEUSDTlong	+0.0100%	8h	140.93	long leg	$3.9M	$3.6M	50x
Extended AAVE-USD	+0.0104%	1h	140.88	−0.038%	$910K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.95	+0.011%	$119K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	140.98	+0.035%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.14	+0.149%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	140.99	+0.044%	$185K	$280K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0251%	1h	141.01	+0.057%	$383K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	140.96	+0.021%	$110K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.15	+0.156%	$751K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0272%	1h	140.99	+0.042%	$3.3M	$2.1M	50x	as long as short