Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.025%

Price spread now: Paradex against Hyperliquid−0.153%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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 airdropHyperliquid: Season 2 · Paradex: 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 0.153% cheaper against Hyperliquid than usual: you would sell low and buy high, −$15 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	Hyperliquid AAVE	142.64	0.0100	pay 0.0013% / 1h	1m 19s	$78.0M	$37.1M	10x
Short	Paradex AAVE-USD-PERP	142.42	0.0100	get 0.0100% / 8h	3h 01m	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Hyperliquid. 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 HyperliquidbpFee ParadexbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0
Price spread: −0.153% → 0.000%: −$15.3
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$28.3
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 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 Hyperliquid live order book, 12 min ago	1.40 bp	6.3 bp −$6	14.1 bp −$141	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	142.36	−0.195%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.53	−0.077%	$49K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.33	−0.217%	$217K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.50	−0.095%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.982%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	142.46	−0.126%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0043%	1h	142.45	−0.133%	$828K	$400K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.48	−0.111%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0058%	8h	142.50	−0.098%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0075%	8h	142.34	−0.210%	$4.0M	$3.6M	50x	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	142.42	−0.153%	$13K	$4K	20x
Hyperliquid AAVElong	+0.0100%	1h	142.64	long leg	$78.0M	$37.1M	10x
Aster AAVEUSDT	+0.0100%	8h	142.53	−0.075%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.46	−0.123%	$326K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.52	−0.086%	$63.7M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.49	−0.105%	$61.2M	$67.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.51	−0.091%	$17.1M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.60	−0.028%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.61	−0.021%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.49	−0.105%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.53	−0.077%	$25.7M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.51	−0.091%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.52	−0.084%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.49	−0.105%	—	$43.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.41	−0.161%	$335K	$725K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.93	+0.203%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.64	−0.001%	$104K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.78	+0.099%	$456K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.66	+0.014%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.60	−0.028%	$131K	$450K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.31	−0.231%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.33	−0.217%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	−0.126%	$681K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.47	−0.121%	$906K	$1.8M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.54	−0.070%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.53	−0.081%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	142.55	−0.065%	$186K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.58	−0.042%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	142.40	−0.171%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.50	−0.096%	$111K	—	100x	as long as short
Lighter AAVE	+0.0256%	1h	142.67	+0.019%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	142.48	−0.112%	$783K	$2.8M	50x	as long as short