Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.018%

Price spread now: Nado against HTX−0.206%7-day average +0.094% · 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−$86as in the Price arb table

costs, in and out, $10k−$560.557% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.251%+$25 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.206%, 7d avg +0.094%

Together, before fees+0.293%+ Points / potential airdropNado: Active · farm board+$29 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 0.300% cheaper against HTX than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	143.91	0.0100	pay 0.0100% / 8h	5h 43m	$696K	$5.2M	75x
Short	Nado AAVE-PERP	143.61	0.0100	get 0.0012% / 1h	43m 49s	$833K	$431K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.206%Rate

Funding earned: $0
Price spread: −0.206% → +0.094%: −$29.98
Slippage, 4 orders: −$36.71
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$85.69
Costs to cover: 0.557%
Break-even: never at this rate

Slippage from HTX: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 5 min ago	2.27 bp	11.0 bp −$11	66.8 bp −$668	doesn't fit	doesn't fit
Sell Nado live order book, 19 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	143.56	−0.240%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.55	−0.249%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.68	−0.157%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.54	−0.254%	$238K	$377K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.49	−0.286%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.827%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.52	−0.268%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.52	−0.271%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.296%	$5K	$98K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0095%	8h	143.77	−0.095%	$17.2M	$63.5M	50x	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	143.76	−0.100%	$4.6M	$1.5M	10x	as long as short
MEXC AAVE_USDT	+0.0098%	8h	143.75	−0.108%	$26.1M	$23.5M	200x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.77	−0.095%	$64.5M	$183.3M	75x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.55	−0.246%	$13K	$4K	20x	as long as short
Nado AAVE-PERPshort	+0.0100%	1h	143.61	−0.206%	$833K	$431K	10x
Hyperliquid AAVE	+0.0100%	1h	143.70	−0.143%	$77.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.65	−0.175%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.59	−0.221%	$327K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.79	−0.081%	$61.5M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.60	−0.213%	$44K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	−0.243%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.72	−0.129%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.74	−0.115%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.82	−0.060%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.76	−0.101%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.67	−0.164%	$320K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.37	−0.373%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.01	−0.619%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.97	−0.648%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.30	−0.421%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.57	−0.233%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.54	−0.256%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.55	−0.247%	$5K	$301K	10x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	143.91	long leg	$696K	$5.2M	75x
Phemex AAVEUSDT	+0.0100%	8h	143.61	−0.206%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.66	−0.173%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.58	−0.224%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.61	−0.203%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0219%	8h	143.52	−0.268%	—	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.48	−0.295%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.64	−0.183%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.85	−0.039%	$778K	$2.8M	50x	as long as short