AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h −0.027%

Price spread now: Nado against Hyperliquid−0.128%7-day average −0.117% · 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−$36as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on Hyperliquid Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.447%+$45 · spread now −0.128%, 7d avg −0.117%

Together, before fees+0.415%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.117%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AAVE	142.78	0.0100	pay 0.0013% / 1h	54m 33s	$77.2M	$35.0M	10x
Short	Nado AAVE-PERP	142.60	0.0054	get 0.0007% / 1h	54m 33s	$835K	$438K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Hyperliquid. 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 HyperliquidbpFee NadobpOrdersPrice spread, now −0.128%Rate

Funding earned: −$9.65
Price spread: −0.128% → −0.117%: −$1.12
Slippage, 4 orders: −$18.67
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$45.44
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Nado: live order book, 4 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 Hyperliquid live order book, 9 min ago	0.70 bp	7.6 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	1.76 bp	10.1 bp −$10	17.1 bp −$171	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	−0.0136%	1h	142.62	−0.112%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0020%	1h	142.54	−0.168%	$5K	$303K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.65	−0.091%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.44	−0.238%	$53K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.58	−0.140%	$225K	$395K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.54	−0.168%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.076%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.42	−0.255%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.58	−0.140%	$18K	$10K	10x	as long as short
Nado AAVE-PERPshort	+0.0054%	1h	142.60	−0.128%	$835K	$438K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0065%	1h	142.29	−0.343%	$132K	$219K	50x	as long as short
Phoenix AAVE	+0.0089%	1h	142.93	+0.105%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.75	−0.022%	$4.5M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.62	−0.114%	$13K	$4K	20x	as long as short
Hyperliquid AAVElong	+0.0100%	1h	142.78	long leg	$77.2M	$35.0M	10x
Aster AAVEUSDT	+0.0100%	8h	142.67	−0.076%	$1.3M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.66	−0.081%	$324K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.65	−0.091%	$64.0M	$184.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.65	−0.091%	$61.2M	$65.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.66	−0.084%	$17.0M	$63.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.69	−0.063%	$44K	$179K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.65	−0.091%	$7.9M	$15.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.60	−0.126%	$25.4M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.71	−0.049%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.52	−0.182%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.61	−0.119%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.77	−0.007%	$347K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.65	−0.090%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.24	−0.376%	$102K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.15	−0.441%	$449K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.51	−0.189%	$122K	$385K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.46	−0.221%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.63	−0.104%	$686K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.60	−0.126%	$4.0M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.68	−0.072%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.57	−0.150%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.59	−0.132%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.73	−0.037%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.53	−0.175%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	142.54	−0.170%	$121K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.62	−0.110%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.028%	$774K	$2.8M	50x	as long as short