Settings8H · net · $10k
Funding arb · Price arb /

AAVE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0266%/8h= +29.1% APRnext payment +$0.33 per $10,000 · paid last 24h +0.006%
Price spread now: Nado against ApeX Omni+0.066%59s7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$460.461% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.007%+$1 on $10k
Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.066%, 7d avg −0.039%
Together, before fees−0.008%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Nado is 0.105% dearer against ApeX Omni than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.039%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.007% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni AAVEUSDT144.26−0.0166get 0.0021% / 1h49m 41s$134K$230K50x
ShortNado AAVE-PERP144.350.0100get 0.0012% / 1h49m 41s$799K$427K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against ApeX Omni. 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

Funding earned
$55.86
Price spread: +0.066% → −0.039%
$10.52
Slippage, 4 orders
−$29.12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$20.25
Costs to cover
0.461%
Break-even
4.5 days
Slippage from ApeX Omni: live order book, 17 min ago; Nado: live order book, 19 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 17 min ago7.22 bp14.8 bp −$15104.7 bp −$1,047doesn't fitdoesn't fit
Sell Nado live order book, 19 min ago1.37 bp8.3 bp −$814.5 bp −$145doesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni AAVEUSDTlong−0.0166%1h144.26long leg$134K$230K50x
01 Exchange AAVEUSD−0.0048%1h144.59+0.229%$11K$2K5xas long as short
Kraken Futures PF_AAVEUSD−0.0034%1h144.56+0.205%$3.5M$2.0M50xas long as short
dYdX AAVE-USD0.0000%1h144.59+0.231%$103K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h144.14−0.083%$65K$1.5M3.4xas long as short
Deribit AAVE_USDC-PERPETUAL0.0000%1h144.44+0.125%$251K$362K50xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h144.40+0.100%$70K150xas long as short
Phoenix AAVE+0.0006%1h144.22−0.028%$5K$98K10xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−5.060%$422$51K12xas long as short
MEXC AAVE_USDT+0.0036%8h144.61+0.243%$27.7M$24.7M200xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance AAVEUSDT+0.0037%8h144.55+0.203%$65.2M$185.4M75xas long as short
Orderly PERP_AAVE_USDC+0.0043%8h144.44+0.125%$18K$10K10xas long as short
Reya AAVERUSDPERP+0.0044%1h144.37+0.078%20xas long as short
OKX AAVE-USDT-SWAP+0.0063%8h144.60+0.236%$17.5M$66.2M50xas long as short
Aevo AAVE-PERP+0.0088%1h144.46+0.138%$122K$14610xas long as short
RISEx AAVE/USDC+0.0089%1h144.62+0.250%$183K$245K10xas long as short
Lighter AAVE+0.0096%1h144.73+0.324%$4.6M$1.4M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h144.53+0.186%$14K$4K20xas long as short
Nado AAVE-PERPshort+0.0100%1h144.35+0.066%$799K$427K10x
Hyperliquid AAVE+0.0100%1h144.72+0.319%$78.6M$35.5M10xas long as short
Aster AAVEUSDT+0.0100%8h144.65+0.274%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h144.60+0.235%$330K$435K10xas long as short
Bybit AAVEUSDT+0.0100%8h144.56+0.208%$61.9M$65.2M75xas long as short
Arcus AAVE-USD+0.0100%1h144.60+0.236%$45K$236K10xas long as short
Bulk AAVE-USD+0.0100%1h144.56+0.208%$58K$2K10xas long as short
Gate AAVE_USDT+0.0100%8h144.57+0.215%$7.8M$15.0M75xas long as short
KuCoin AAVEUSDTM+0.0100%8h144.59+0.229%$10.9M$9.1M75xas long as short
Bitget AAVEUSDT+0.0100%8h144.55+0.201%$29.9M$18.2M75xas long as short
BingX AAVE-USDC+0.0100%8h144.59+0.229%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h144.61+0.243%$325K$747K10xas long as short
Variational Omni AAVE+0.0100%8h144.23−0.019%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h143.86−0.275%$104K$317K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h143.95−0.216%$455K$3.7M10xas long as short
Polymarket Perps AAVE-USD+0.0100%1h144.47+0.146%$125K$417K10xas long as short
SunX AAVE-USDT+0.0100%8h144.38+0.081%$2K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h144.45+0.132%$5K$302K10xas long as short
HTX AAVE-USDT+0.0100%8h144.72+0.320%$702K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h144.47+0.146%$4.1M$3.8M50xas long as short
Extended AAVE-USD+0.0104%1h144.54+0.194%$922K$1.7M50xas long as short
BloFin AAVE-USDT+0.0144%8h144.16−0.069%$3.4M$3.5M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0235% / S −0.0366%1h144.40+0.096%$129K100xas long as short
Coinbase International AAVE-PERP-INTX+0.0296%1h144.47+0.146%$775K$2.8M50xas long as short