Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Paradex against Aevo−0.015%7-day average — · you buy dearer than you sell

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

Long on Aevo 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	140.79	0.0104	pay 0.0013% / 1h	27m 22s	$119K	$146	10x
Short	Paradex AAVE-USD-PERP	140.77	0.0100	get 0.0100% / 8h	7h 27m	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$0.84
Price spread: −0.015% → 0.000%: −$1.47
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$22.31
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 6 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 Aevo live order book, 6 min ago	215.46 bp	223.5 bp −$223	doesn't fit	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
Deribit AAVE_USDC-PERPETUAL	−0.0105%	1h	140.75	−0.026%	$211K	$393K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.87	+0.058%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.61	−0.125%	$53K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.66	−0.092%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.718%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.68	−0.072%	—	—	20x	as long as short
SoDEX AAVE-USD	+0.0072%	1h	140.69	−0.068%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	+0.0080%	1h	140.76	−0.019%	$10K	$2K	5x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	140.71	−0.054%	$17K	$8K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	140.61	−0.125%	$4K	$99K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERPshort	+0.0100%	8h	140.77	−0.015%	$13K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	140.77	−0.008%	$833K	$406K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.83	+0.031%	$76.9M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.86	+0.054%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.82	+0.025%	$343K	$409K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.76	−0.022%	$63.1M	$192.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.71	−0.054%	$60.6M	$69.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.69	−0.068%	$16.4M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.86	+0.052%	$94K	$228K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.61	−0.125%	$162K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.80	+0.010%	$8.2M	$16.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.73	−0.040%	$22.5M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.79	+0.003%	$10.1M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.71	−0.054%	$28.6M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.76	−0.019%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.62	−0.117%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.59	−0.142%	$108K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.66	−0.090%	$440K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.59	−0.139%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.79	+0.003%	$133K	$474K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.77	−0.011%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	140.72	−0.051%	$662K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	140.81	+0.017%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.67	−0.079%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	140.79	long leg	$119K	$146	10x
Lighter AAVE	+0.0120%	1h	141.04	+0.180%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0164%	1h	140.96	+0.123%	$384K	$736K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	140.68	−0.075%	$750K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.69	−0.068%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	140.54	−0.174%	$171K	$301K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0250%	1h	140.83	+0.032%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	140.81	+0.018%	$110K	—	100x	as long as short