Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.014%

Price spread now: Nado against Gate−0.062%50s7-day average −0.021% · 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—prices read too far apart to compare

costs, in and out, $10k−$480.475% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.861%+$86 · spread now −0.062%, 7d avg −0.021%

Together, before fees+0.885%+ Points / potential airdropNado: Active · farm board+$88 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.042% cheaper against Gate than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.021%). If the spread goes back, that is −$4 on $10k: about 12 days of funding at the current rate ($0 a day). At the pace of the last 3 days (+0.024% in total) that is about 5.8 days. The two prices were read 50 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	Gate AAVE_USDT	144.24	0.0088	pay 0.0088% / 8h	6h 31m	$7.7M	$15.1M	75x
Short	Nado AAVE-PERP	144.15	0.0100	get 0.0012% / 1h	31m 37s	$802K	$425K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.062%Rate

Funding earned: $2.52
Price spread: −0.062% → −0.021%: −$4.19
Slippage, 4 orders: −$25.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$49.19
Costs to cover: 0.475%
Break-even: 143.6 days

Slippage from Gate: live order book, 2 min ago; Nado: live order book, 37 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 Gate live order book, 2 min ago	3.82 bp	16.4 bp −$16	26.8 bp −$268	41.9 bp −$4,187	47.3 bp −$23.7K
Sell Nado live order book, 37 min ago	1.37 bp	8.3 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit

AAVE on 41 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
Deribit AAVE_USDC-PERPETUAL	−0.0513%	1h	144.09	−0.104%	$250K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	144.25	+0.007%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.23	−0.006%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.24	−0.001%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.08	−0.111%	$65K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.24	+0.002%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.01	−0.159%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.047%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.24	0.000%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.24	−0.001%	—	—	20x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0051%	8h	144.14	−0.069%	$27.0M	$24.8M	200x	as long as short
Binance AAVEUSDT	+0.0052%	8h	144.24	+0.001%	$65.0M	$184.8M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0069%	8h	144.15	−0.062%	$17.4M	$65.5M	50x	as long as short
Gate AAVE_USDTlong	+0.0088%	8h	144.24	long leg	$7.7M	$15.1M	75x
RISEx AAVE/USDC	+0.0089%	1h	144.30	+0.038%	$186K	$230K	10x	as long as short
SoDEX AAVE-USD	+0.0092%	1h	144.13	−0.076%	$5K	$298K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.32	+0.054%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.24	+0.003%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.17	−0.048%	$13K	$4K	20x	as long as short
Nado AAVE-PERPshort	+0.0100%	1h	144.15	−0.062%	$802K	$425K	10x
Hyperliquid AAVE	+0.0100%	1h	144.28	+0.028%	$78.2M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.24	−0.003%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.19	−0.035%	$329K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.23	−0.007%	$61.8M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.25	+0.007%	$45K	$192K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.50	−0.515%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.21	−0.021%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.21	−0.021%	$30.0M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.24	0.000%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.24	0.000%	$324K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.89	−0.241%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.91	−0.230%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.87	−0.254%	$452K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.98	−0.180%	$134K	$230K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.30	+0.042%	$125K	$418K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.20	−0.031%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.55	+0.216%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.12	−0.083%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.19	−0.036%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0236% / S −0.0359%	1h	144.27	+0.023%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	+0.035%	$773K	$2.8M	50x	as long as short