Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.034%

Price spread now: Paradex against 01 Exchange−0.163%55s7-day average — · you buy dearer than you sell

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

Long on 01 Exchange 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 0.163% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.163% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 45 days of funding at the current rate ($0 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AAVEUSD	142.65	0.0088	pay 0.0011% / 1h	22m 45s	$10K	$2K	5x
Short	Paradex AAVE-USD-PERP	142.42	0.0100	get 0.0100% / 8h	3h 22m	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against 01 Exchange. 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 01 ExchangebpFee ParadexbpOrdersPrice spread, now −0.163%Rate

Funding earned: $2.52
Price spread: −0.163% → 0.000%: −$16.27
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$24.75
Costs to cover: 0.110%
Break-even: 75.8 days

Slippage unknown: 01 Exchange: no order-book sample; 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

01 Exchange and 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	142.49	−0.112%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.58	−0.049%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.66	+0.007%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.67	+0.015%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.989%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	142.99	+0.238%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0037%	1h	142.57	−0.056%	$834K	$399K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.61	−0.025%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	142.65	0.000%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0067%	8h	142.63	−0.014%	$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
01 Exchange AAVEUSDlong	+0.0088%	1h	142.65	long leg	$10K	$2K	5x
Paradex AAVE-USD-PERPshort	+0.0100%	8h	142.42	−0.163%	$13K	$4K	20x
Aster AAVEUSDT	+0.0100%	8h	142.50	−0.106%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.44	−0.147%	$326K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.40	−0.175%	$63.6M	$188.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.42	−0.161%	$61.2M	$67.8M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.40	−0.175%	$17.0M	$64.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.69	+0.028%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.57	−0.057%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.45	−0.140%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.41	−0.168%	$25.4M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.53	−0.084%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.45	−0.140%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.46	−0.133%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.68	+0.021%	$335K	$722K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.92	+0.188%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.94	+0.202%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.89	+0.168%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.00	+0.245%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.71	+0.042%	$131K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.64	−0.004%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.64	−0.007%	$5K	$309K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	+0.121%	$683K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.47	−0.129%	$901K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.67	+0.016%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	142.63	−0.015%	$185K	$251K	10x	as long as short
Lighter AAVE	+0.0160%	1h	142.64	−0.006%	$4.5M	$2.3M	10x	as long as short
Hyperliquid AAVE	+0.0174%	1h	142.59	−0.042%	$78.0M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.67	+0.014%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	142.72	+0.052%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.68	+0.018%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.68	+0.722%	$788K	$2.8M	50x	as long as short