Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0908%/8h= −99.4% APRpaid last 24h −0.293%

Price spread now: Deribit against Paradex−0.032%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Deribit

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

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Deribit is 0.032% cheaper against Paradex than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AAVE-USD-PERP	141.66	0.0100	pay 0.0100% / 8h	5h 55m	$13K	$444	20x
Short	Deribit AAVE_USDC-PERPETUAL	141.61	−0.0808	pay 0.0101% / 1h	55m 09s	$208K	$323K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. 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 ParadexbpFee DeribitbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$190.68
Price spread: −0.032% → 0.000%: −$3.2
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$204.88
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 52 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit live order book, 52 min ago	4.61 bp	8.1 bp −$8	doesn't fit	doesn't fit	doesn't fit

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 exchanges

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
Deribit AAVE_USDC-PERPETUALshort	−0.0808%	1h	141.61	−0.032%	$208K	$323K	50x
SoDEX AAVE-USD	−0.0126%	1h	141.68	+0.017%	$7K	$242K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.73	+0.051%	$102K	$6K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	141.71	+0.039%	$10K	$1K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.66	+0.003%	$45K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.89	+0.163%	$79K	—	150x	as long as short
Phemex AAVEUSDT	+0.0015%	8h	141.64	−0.011%	$3.9M	$3.6M	50x	as long as short
Bybit AAVEUSDT	+0.0020%	8h	141.64	−0.011%	$61.3M	$59.8M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.315%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0041%	1h	141.82	+0.116%	$132K	$221K	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	141.63	−0.021%	—	—	20x	as long as short
Phoenix AAVE	+0.0062%	1h	141.94	+0.201%	$4K	$81K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0086%	8h	141.67	+0.010%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.89	+0.168%	$4.6M	$2.2M	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.67	+0.010%	$3.7M	$692K	—	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	141.66	long leg	$13K	$444	20x
Nado AAVE-PERP	+0.0100%	1h	141.66	+0.007%	$814K	$310K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.85	+0.137%	$77.9M	$28.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.80	+0.100%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.74	+0.060%	$345K	$312K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.67	+0.008%	$63.8M	$162.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.66	+0.003%	$16.4M	$52.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.82	+0.116%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.71	+0.039%	$8.2M	$13.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.68	+0.017%	$21.9M	$21.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.71	+0.039%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.75	+0.067%	$29.2M	$15.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.69	+0.024%	—	$43.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.89	+0.166%	$388K	$601K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.78	+0.087%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.84	+0.131%	$453K	$3.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.73	+0.053%	$134K	$370K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.68	+0.020%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.12	+0.328%	$659K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.78	+0.088%	$164K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.63	−0.019%	$913K	$1.5M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.69	+0.023%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	141.79	+0.097%	$172K	$206K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.69	+0.024%	$3.3M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	141.87	+0.152%	$752K	$2.2M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.71	+0.039%	$110K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0306%	1h	141.78	+0.088%	$3.5M	$1.9M	50x	as long as short