Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.028%

Price spread now: Paradex against gTrade (Gains Network)−0.110%163s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, the price is against you. Paradex is 0.110% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.9 days of funding at the current rate (+$3 a day). The two prices were read 163 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	142.81	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	23m 19s	$80K	—	150x
Short	Paradex AAVE-USD-PERP	142.65	0.0100	get 0.0100% / 8h	1h 23m	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now −0.110%Rate

Funding earned: $19.96
Price spread: −0.110% → 0.000%: −$11.02
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.06
Costs to cover: 0.140%
Break-even: 8.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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	142.69	−0.080%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.67	−0.096%	$50K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.82	+0.009%	$216K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	142.81	long leg	$80K	—	150x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.094%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.52	−0.199%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0050%	1h	142.59	−0.155%	$828K	$395K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0079%	8h	142.67	−0.096%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.81	+0.002%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.83	+0.018%	$4.5M	$2.5M	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	142.65	−0.110%	$13K	$4K	20x
Aster AAVEUSDT	+0.0100%	8h	142.68	−0.089%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.70	−0.074%	$326K	$385K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.65	−0.110%	$64.2M	$189.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.67	−0.096%	$61.5M	$67.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.64	−0.117%	$17.0M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.67	−0.096%	$64K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.07	−0.513%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.64	−0.117%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.57	−0.166%	$24.6M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.59	−0.152%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.68	−0.089%	$29.2M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.63	−0.124%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.76	−0.033%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.26	−0.385%	$107K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.35	−0.320%	$448K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.36	−0.313%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.64	−0.117%	$141K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.56	−0.173%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.79	−0.012%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.91	+0.073%	$676K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.77	−0.026%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.63	−0.124%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.72	−0.061%	$121K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.63	−0.124%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0125%	1h	142.96	+0.107%	$396K	$727K	10x	as long as short
Hyperliquid AAVE	+0.0186%	1h	142.74	−0.047%	$78.0M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.73	−0.054%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.73	−0.057%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.63	−0.125%	$192K	$274K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.23	−0.404%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.89	+0.060%	$3.4M	$2.1M	50x	as long as short