Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h +0.020%

Price spread now: Nado against Binance−0.006%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.431%+$43 · spread now −0.006%, 7d avg −0.029%

Together, before fees+0.463%+ Points / potential airdropNado: Active · farm board+$46 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.023% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	143.91	0.0100	pay 0.0100% / 8h	5h 42m	$64.5M	$183.3M	75x
Short	Nado AAVE-PERP	143.90	0.0093	get 0.0012% / 1h	42m 28s	$835K	$431K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.006%Rate

Funding earned: −$1.54
Price spread: −0.006% → −0.029%: $2.33
Slippage, 4 orders: −$12.98
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$29.19
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; Nado: live order book, 21 min ago.

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 Binance live order book, 16 min ago	0.35 bp	6.8 bp −$7	13.8 bp −$138	44.2 bp −$4,423	doesn't fit
Sell Nado live order book, 21 min ago	0.69 bp	6.7 bp −$7	13.3 bp −$133	doesn't fit	doesn't fit

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
01 Exchange AAVEUSD	−0.0064%	1h	143.91	+0.001%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.92	+0.011%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.70	−0.145%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.89	−0.013%	$239K	$377K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.95	+0.031%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.829%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.86	−0.034%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.90	−0.009%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.298%	$5K	$98K	10x	as long as short
Nado AAVE-PERPshort	+0.0093%	1h	143.90	−0.006%	$835K	$431K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0096%	8h	143.93	+0.015%	$17.2M	$63.6M	50x	as long as short
Lighter AAVE	+0.0096%	1h	144.11	+0.140%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.92	+0.006%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.02	+0.077%	$77.9M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.99	+0.060%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.94	+0.022%	$328K	$433K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	143.91	long leg	$64.5M	$183.3M	75x
Bybit AAVEUSDT	+0.0100%	8h	143.94	+0.022%	$61.5M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.95	+0.029%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	−0.245%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.96	+0.036%	$7.9M	$15.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.96	+0.036%	$26.1M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.97	+0.043%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.92	+0.008%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.92	+0.008%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.99	+0.056%	$321K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.37	−0.374%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.46	−0.314%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.97	−0.650%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.56	−0.242%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.94	+0.022%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.82	−0.062%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.92	+0.008%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.03	+0.085%	$697K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.87	−0.027%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.87	−0.026%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.90	−0.009%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.97	+0.043%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.92	+0.008%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.85	−0.040%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.00	+0.063%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.97	+0.043%	$779K	$2.8M	50x	as long as short