Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h +0.012%

Price spread now: Nado against Bitget−0.139%7-day average −0.004% · 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−$53as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 3 days (all we have)+0.607%+$61 · spread now −0.139%, 7d avg −0.004%

Together, before fees+0.619%+ Points / potential airdropNado: Active · farm board+$62 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.135% cheaper against Bitget than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	147.60	0.0100	pay 0.0100% / 8h	3h 07m	$30.3M	$17.5M	75x
Short	Nado AAVE-PERP	147.39	0.0075	get 0.0009% / 1h	7m 06s	$832K	$436K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.139%Rate

Funding earned: −$5.35
Price spread: −0.139% → −0.004%: −$13.46
Slippage, 4 orders: −$20.07
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$57.87
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago	1.02 bp	9.9 bp −$10	15.4 bp −$154	62.7 bp −$6,269	doesn't fit
Sell Nado live order book, 21 min ago	2.37 bp	8.0 bp −$8	15.7 bp −$157	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
Kraken Futures PF_AAVEUSD	−0.0060%	1h	147.63	+0.022%	$3.5M	$2.0M	50x	as long as short
Phoenix AAVE	−0.0039%	1h	147.19	−0.278%	$4K	$95K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0021%	1h	147.52	−0.054%	$211K	$433K	50x	as long as short
SoDEX AAVE-USD	−0.0001%	1h	147.53	−0.047%	$5K	$301K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	147.27	−0.220%	$105K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	147.16	−0.298%	$72K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	147.45	−0.104%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−7.209%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	147.41	−0.132%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0055%	8h	147.52	−0.054%	$18.3M	$66.1M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0063%	8h	147.50	−0.068%	$19K	$12K	10x	as long as short
Nado AAVE-PERPshort	+0.0075%	1h	147.39	−0.139%	$832K	$436K	10x
01 Exchange AAVEUSD	+0.0088%	1h	147.46	−0.095%	$11K	$2K	5x	as long as short
MEXC AAVE_USDT	+0.0089%	8h	147.60	0.000%	$34.0M	$26.2M	200x	as long as short
RISEx AAVE/USDC	+0.0090%	1h	147.47	−0.090%	$183K	$241K	10x	as long as short
Binance AAVEUSDT	+0.0090%	8h	147.56	−0.027%	$67.3M	$179.1M	75x	as long as short
Lighter AAVE	+0.0096%	1h	147.76	+0.106%	$4.7M	$1.7M	10x	as long as short
Gate AAVE_USDT	+0.0098%	8h	147.60	0.000%	$7.9M	$15.4M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	147.31	−0.197%	$14K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	147.55	−0.032%	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	147.38	−0.147%	$335K	$507K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	147.58	−0.014%	$63.1M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	147.45	−0.102%	$52K	$330K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	147.28	−0.220%	$62K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	147.54	−0.041%	$10.2M	$8.4M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	147.60	long leg	$30.3M	$17.5M	75x
BingX AAVE-USDC	+0.0100%	8h	147.62	+0.014%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	147.75	+0.102%	$365K	$659K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	147.12	−0.325%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	147.11	−0.332%	$101K	$311K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.96	−0.430%	$462K	$4.0M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	147.11	−0.332%	$137K	$233K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	147.43	−0.115%	$129K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	147.33	−0.182%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	147.56	−0.027%	$751K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	147.53	−0.047%	$4.2M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	147.51	−0.060%	$953K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	147.52	−0.052%	$125K	$146	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0208%	1h	147.55	−0.034%	$793K	$3.0M	50x	as long as short
BloFin AAVE-USDT	+0.0210%	8h	147.42	−0.122%	$3.6M	$5.4M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0275% / S −0.0485%	1h	147.47	−0.086%	$136K	—	100x	as long as short
Hyperliquid AAVE	+0.0590%	1h	147.86	+0.176%	$84.6M	$31.1M	10x	as long as short