Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0166%/8h= −18.2% APRpaid last 24h −0.013%

Price spread now: Nado against BloFin−0.094%7-day average −0.045% · 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−$37as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.075%−$8 on $10k

Price spread, last 4 days (all we have)−0.382%−$38 · spread now −0.094%, 7d avg −0.045%

Together, before fees−0.458%+ Points / potential airdropNado: Active · farm board−$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.049% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAVE-USDT	144.05	0.0220	pay 0.0220% / 8h	5h 14m	$3.4M	$3.5M	100x
Short	Nado AAVE-PERP	143.91	0.0054	get 0.0007% / 1h	14m 25s	$831K	$433K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now −0.094%Rate

Funding earned: −$34.86
Price spread: −0.094% → −0.045%: −$4.92
Slippage, 4 orders: −$12.92
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$71.71
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Nado: live order book, 49 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 BloFin live order book, 4 min ago	0.69 bp	7.3 bp −$7	11.4 bp −$114	25.2 bp −$2,523	doesn't fit
Sell Nado live order book, 49 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	−0.0048%	1h	143.91	−0.097%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.98	−0.048%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.04	−0.007%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.08	+0.021%	$228K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.87	−0.124%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.922%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.79	−0.180%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	144.08	+0.021%	$18K	$10K	10x	as long as short
Nado AAVE-PERPshort	+0.0054%	1h	143.91	−0.094%	$831K	$433K	10x
Phoenix AAVE	+0.0089%	1h	144.42	+0.257%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.13	+0.054%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.96	−0.065%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.96	−0.062%	$77.9M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.95	−0.069%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.94	−0.076%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.88	−0.117%	$64.4M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.84	−0.146%	$61.4M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.83	−0.153%	$17.2M	$63.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.95	−0.069%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.017%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.92	−0.090%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.86	−0.132%	$26.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.96	−0.062%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.80	−0.174%	$30.2M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.84	−0.146%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.10	+0.035%	$321K	$692K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.157%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.34	+0.203%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.39	+0.236%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.243%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.87	−0.125%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.05	0.000%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.07	+0.014%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.48	+0.299%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.13	+0.056%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.88	−0.120%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.10	+0.034%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.98	−0.047%	$187K	$235K	10x	as long as short
BloFin AAVE-USDTlong	+0.0220%	8h	144.05	long leg	$3.4M	$3.5M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.11	+0.038%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.15	+0.070%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.32	+0.187%	$785K	$2.8M	50x	as long as short