Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.055%

Price spread now: Paradex against SoDEX−0.076%7-day average — · you buy dearer than you sell

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

Long on SoDEX 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 0.076% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 45 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	144.94	−0.0035	get 0.0004% / 1h	1m 25s	$5K	$302K	10x
Short	Paradex AAVE-USD-PERP	144.83	0.0100	get 0.0100% / 8h	7h 01m	$14K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against SoDEX. 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 SoDEXbpFee ParadexbpOrdersPrice spread, now −0.076%Rate

Funding earned: $28.31
Price spread: −0.076% → 0.000%: −$7.62
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $8.69
Costs to cover: 0.120%
Break-even: 4.9 days

Slippage unknown: SoDEX: live order book, 7 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 SoDEX live order book, 7 min ago	0.34 bp	5.3 bp −$5	10.8 bp −$108	99.6 bp −$9,961	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
Kraken Futures PF_AAVEUSD	−0.0186%	1h	145.07	+0.089%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.69	−0.172%	$11K	$2K	5x	as long as short
SoDEX AAVE-USDlong	−0.0035%	1h	144.94	long leg	$5K	$302K	10x
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	145.01	+0.048%	$253K	$363K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0014%	1h	145.08	+0.097%	$135K	$231K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.00	+0.041%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.11	+0.117%	$65K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.14	+0.138%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.80	−0.099%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0030%	8h	144.81	−0.090%	$28.0M	$26.2M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0030%	8h	144.74	−0.139%	$65.4M	$183.7M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.506%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.71	−0.159%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.75	−0.134%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	144.69	−0.172%	$17.5M	$65.7M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.02	+0.057%	$122K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.96	+0.017%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	144.83	−0.076%	$14K	$4K	20x
Nado AAVE-PERP	+0.0100%	1h	144.72	−0.148%	$794K	$424K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.82	−0.083%	$78.8M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.87	−0.050%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.92	−0.011%	$331K	$469K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.69	−0.172%	$61.9M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.79	−0.103%	$45K	$246K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.77	−0.117%	$7.8M	$15.4M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.81	−0.090%	$10.9M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.72	−0.152%	$30.0M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.71	−0.159%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.01	+0.048%	$331K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.38	+0.302%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.23	+0.199%	$105K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.47	+0.367%	$454K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.82	−0.083%	$126K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.98	+0.025%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.37	+0.295%	$706K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.08	+0.097%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.28	+0.925%	$59K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.71	−0.159%	$930K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	144.72	−0.149%	$183K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0121%	8h	145.04	+0.069%	$3.5M	$3.4M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.78	−0.111%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.25	+0.214%	$777K	$2.9M	50x	as long as short