Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Paradex against dYdX+0.002%7-day average — · you sell dearer than you buy

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

Long on dYdX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	142.64	0	get 0.0000% / 1h	15m 32s	$102K	$4K	10x
Short	Paradex AAVE-USD-PERP	142.65	0.0100	get 0.0100% / 8h	4h 15m	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against dYdX. 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 dYdXbpFee ParadexbpOrdersPrice spread, now +0.002%Rate

Funding earned: $20.94
Price spread: +0.002% → 0.000%: $0.15
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $7.1
Costs to cover: 0.140%
Break-even: 4.6 days

Slippage unknown: dYdX: live order book, 43 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 dYdX live order book, 43 min ago	82.64 bp	87.6 bp −$88	87.6 bp −$876	111.1 bp −$11.1K	376.3 bp −$188.1K
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
01 Exchange AAVEUSD	−0.0144%	1h	142.66	+0.011%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0030%	1h	142.65	+0.004%	$219K	$401K	50x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	142.64	long leg	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	142.75	+0.074%	$46K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.66	+0.012%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0014%	1h	142.59	−0.038%	$840K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.985%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.63	−0.013%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	142.62	−0.017%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.95	+0.214%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0091%	1h	142.65	+0.004%	$5K	$293K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.76	+0.082%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	142.65	+0.002%	$13K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	142.74	+0.067%	$76.9M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.64	−0.003%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.66	+0.008%	$326K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.69	+0.034%	$63.8M	$186.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.71	+0.046%	$61.1M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.62	−0.017%	$17.1M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.79	+0.102%	$64K	$203K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	+0.165%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.70	+0.039%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.66	+0.011%	$25.1M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.64	−0.003%	$10.5M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.57	−0.052%	$29.0M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.66	+0.011%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.70	+0.039%	$336K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.61	−0.024%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.71	+0.045%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.75	+0.074%	$459K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.78	+0.095%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.70	+0.039%	$124K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.64	−0.002%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.126%	$687K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.64	−0.003%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.61	−0.023%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.67	+0.018%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.75	+0.072%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.83	+0.130%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.67	+0.016%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.76	+0.078%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.123%	$792K	$2.8M	50x	as long as short