Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h +0.073%

Price spread now: Paradex against Kraken Futures−0.128%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 pays, the price is against you. Paradex is 0.128% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.128% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 2.7 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	148.08	−0.0060	get 0.0008% / 1h	31m 51s	$3.5M	$2.0M	50x
Short	Paradex AAVE-USD-PERP	147.89	0.0100	get 0.0100% / 8h	3h 31m	$14K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now −0.128%Rate

Funding earned: $33.6
Price spread: −0.128% → 0.000%: −$12.78
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $6.82
Costs to cover: 0.140%
Break-even: 5.6 days

Slippage unknown: Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	9.16 bp	16.3 bp −$16	24.0 bp −$240	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
SoDEX AAVE-USD	−0.0111%	1h	147.93	−0.102%	$5K	$299K	10x	as long as short
Kraken Futures PF_AAVEUSDlong	−0.0060%	1h	148.08	long leg	$3.5M	$2.0M	50x
Phoenix AAVE	−0.0039%	1h	147.49	−0.400%	$4K	$95K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	147.93	−0.101%	$106K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	147.87	−0.143%	$76K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	147.99	−0.062%	$215K	$379K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	147.93	−0.101%	$72K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−7.511%	$422	$51K	12x	as long as short
OKX AAVE-USDT-SWAP	+0.0034%	8h	147.92	−0.109%	$18.5M	$66.1M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	147.82	−0.180%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0058%	1h	147.87	−0.146%	$842K	$433K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0065%	8h	147.91	−0.116%	$18K	$12K	10x	as long as short
MEXC AAVE_USDT	+0.0085%	8h	147.84	−0.163%	$33.3M	$25.1M	200x	as long as short
Binance AAVEUSDT	+0.0086%	8h	147.89	−0.129%	$67.1M	$176.5M	75x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	147.96	−0.082%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0090%	1h	147.94	−0.096%	$186K	$240K	10x	as long as short
Variational Omni AAVE	+0.0091%	8h	147.15	−0.631%	$3.8M	$1.3M	—	as long as short
Lighter AAVE	+0.0096%	1h	148.16	+0.053%	$4.8M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0096%	8h	147.04	−0.704%	$463K	$3.9M	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	147.89	−0.128%	$14K	$4K	20x
Bulk AAVE-USD	+0.0100%	1h	147.72	−0.244%	$62K	$3K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	148.06	−0.017%	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	147.99	−0.065%	$346K	$484K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	147.95	−0.089%	$62.6M	$63.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	147.89	−0.129%	$52K	$337K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	147.89	−0.129%	$7.9M	$14.8M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	147.92	−0.109%	$10.4M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	147.88	−0.136%	$30.5M	$17.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	147.88	−0.136%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	148.09	+0.006%	$351K	$595K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	147.08	−0.677%	$100K	$310K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	147.44	−0.433%	$137K	$235K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	147.92	−0.109%	$131K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	147.91	−0.116%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	148.40	+0.214%	$755K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	147.97	−0.075%	$4.2M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	147.89	−0.131%	$956K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	148.07	−0.005%	$125K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0205%	8h	147.68	−0.271%	$3.6M	$5.4M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0208%	1h	148.07	−0.008%	$802K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0451%	1h	147.94	−0.093%	$130K	—	100x	as long as short
Hyperliquid AAVE	+0.0549%	1h	148.23	+0.100%	$84.6M	$30.5M	10x	as long as short