Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.011%

Price spread now: Paradex against RISEx−0.046%7-day average — · you buy dearer than you sell

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

Long on RISEx 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.046% cheaper against RISEx than usual: you would sell low and buy high, −$5 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	RISEx AAVE/USDC	145.88	0.0106	pay 0.0013% / 1h	41m 54s	$186K	$246K	10x
Short	Paradex AAVE-USD-PERP	145.81	0.0100	get 0.0100% / 8h	41m 54s	$14K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against RISEx. 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 RISExbpFee ParadexbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$1.28
Price spread: −0.046% → 0.000%: −$4.56
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$15.83
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 36 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 RISEx live order book, 36 min ago	1.31 bp	4.3 bp −$4	7.8 bp −$78	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
Deribit AAVE_USDC-PERPETUAL	−0.0161%	1h	145.81	−0.046%	$255K	$406K	50x	as long as short
SoDEX AAVE-USD	−0.0035%	1h	145.78	−0.067%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.19	+0.214%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.08	+0.140%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.91	+0.022%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.89	+0.006%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.90	+0.012%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0024%	1h	145.82	−0.039%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.113%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0044%	8h	145.77	−0.074%	$66.4M	$185.7M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.77	−0.072%	—	—	20x	as long as short
MEXC AAVE_USDT	+0.0045%	8h	145.78	−0.067%	$30.5M	$25.7M	200x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.79	−0.060%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	145.76	−0.081%	$17.8M	$67.4M	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	145.80	−0.053%	$7.9M	$15.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	145.99	+0.078%	$4.7M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	145.84	−0.029%	$123K	$146	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	145.81	−0.046%	$14K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	145.81	−0.050%	$806K	$439K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.90	+0.016%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.94	+0.046%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.79	−0.060%	$62.2M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.83	−0.033%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.422%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.81	−0.046%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.74	−0.094%	$30.5M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.80	−0.053%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.22	+0.233%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.06	+0.128%	$105K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	+0.107%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.08	+0.139%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.85	−0.019%	$127K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.77	−0.072%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.08	+0.142%	$700K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.84	−0.026%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.75	−0.088%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDClong	+0.0106%	1h	145.88	long leg	$186K	$246K	10x
Backpack AAVE_USDC_PERP	+0.0117%	1h	145.89	+0.009%	$358K	$737K	10x	as long as short
Hyperliquid AAVE	+0.0131%	1h	145.95	+0.050%	$80.5M	$34.6M	10x	as long as short
BloFin AAVE-USDT	+0.0165%	8h	145.97	+0.063%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.87	−0.004%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.23	+0.242%	$789K	$3.0M	50x	as long as short