Funding arb · Price arb /

AAVE

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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 +0.019%

Price spread now: Paradex against Bybit−0.160%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.160% cheaper against Bybit than usual: you would sell low and buy high, −$16 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	Bybit AAVEUSDT	142.32	0.0100	pay 0.0100% / 8h	2h 30m	$61.0M	$68.4M	75x
Short	Paradex AAVE-USD-PERP	142.09	0.0100	get 0.0100% / 8h	2h 30m	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bybit. 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 BybitbpFee ParadexbpOrdersPrice spread, now −0.160%Rate

Funding earned: $0
Price spread: −0.160% → 0.000%: −$16.05
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$31.05
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.35 bp	7.7 bp −$8	15.1 bp −$151	66.0 bp −$6,604	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	142.06	−0.184%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.13	−0.134%	$55K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.28	−0.028%	$216K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.29	−0.018%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0024%	1h	142.40	+0.056%	$829K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.766%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.32	−0.001%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0067%	8h	142.27	−0.035%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0091%	8h	142.34	+0.014%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	142.29	−0.021%	$10K	$2K	5x	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	142.09	−0.160%	$13K	$4K	20x
Aster AAVEUSDT	+0.0100%	8h	142.37	+0.038%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.14	−0.129%	$325K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.34	+0.011%	$63.6M	$190.1M	75x	as long as short
Bybit AAVEUSDTlong	+0.0100%	8h	142.32	long leg	$61.0M	$68.4M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.29	−0.021%	$17.0M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.33	+0.007%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.34	+0.012%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.37	+0.035%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.35	+0.021%	$25.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.34	+0.014%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.31	−0.007%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.29	−0.021%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.93	−0.272%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.32	−0.001%	$105K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.34	+0.014%	$446K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.28	−0.028%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.42	+0.070%	$136K	$462K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.25	−0.048%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.31	−0.007%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.32	−0.003%	$680K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.21	−0.076%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.27	−0.035%	$120K	$146	10x	as long as short
Hyperliquid AAVE	+0.0112%	1h	142.48	+0.112%	$77.9M	$37.1M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.85	+0.372%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0153%	1h	142.46	+0.098%	$335K	$729K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.29	−0.020%	$190K	$253K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.03	−0.204%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.38	+0.040%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.32	−0.001%	$111K	—	100x	as long as short
Lighter AAVE	+0.0304%	1h	142.55	+0.159%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.33	+0.007%	$771K	$2.8M	50x	as long as short