Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Nado against KuCoin−0.127%7-day average −0.024% · 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−$60as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 3 days (all we have)+0.257%+$26 · spread now −0.127%, 7d avg −0.024%

Together, before fees+0.276%+ Points / potential airdropNado: Active · farm board+$28 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 0.103% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	145.89	0.0100	pay 0.0100% / 8h	7h 38m	$10.0M	$8.8M	75x
Short	Nado AAVE-PERP	145.70	0.0100	get 0.0012% / 1h	38m 08s	$797K	$446K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → −0.024%: −$10.28
Slippage, 4 orders: −$30.83
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$60.11
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Nado: live order book, 35 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 KuCoin live order book, 10 min ago	1.03 bp	16.9 bp −$17	43.8 bp −$438	doesn't fit	doesn't fit
Sell Nado live order book, 35 min ago	1.37 bp	8.3 bp −$8	14.8 bp −$148	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	−0.0185%	1h	145.89	+0.002%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.71	−0.123%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0095%	1h	145.81	−0.055%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	145.85	−0.027%	$254K	$373K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.78	−0.077%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.98	+0.062%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.21	+0.219%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.86	−0.019%	$71K	—	150x	as long as short
Binance AAVEUSDT	+0.0022%	8h	145.86	−0.021%	$66.1M	$186.2M	75x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	145.81	−0.055%	$29.2M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.121%	$422	$51K	12x	as long as short
Gate AAVE_USDT	+0.0037%	8h	145.84	−0.034%	$7.9M	$15.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.77	−0.084%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	145.79	−0.069%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0060%	8h	145.79	−0.069%	$4.1M	$3.8M	50x	as long as short
Bybit AAVEUSDT	+0.0062%	8h	145.88	−0.007%	$62.4M	$65.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	145.91	+0.014%	$17.9M	$67.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0069%	1h	145.93	+0.027%	$136K	$230K	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.83	−0.042%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0094%	8h	145.78	−0.075%	$3.5M	$4.0M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.01	+0.084%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.86	−0.017%	$14K	$4K	20x	as long as short
Nado AAVE-PERPshort	+0.0100%	1h	145.70	−0.127%	$797K	$446K	10x
Hyperliquid AAVE	+0.0100%	1h	145.93	+0.027%	$79.6M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.90	+0.008%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.78	−0.078%	$333K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.84	−0.034%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.72	−0.117%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	145.89	long leg	$10.0M	$8.8M	75x
Bitget AAVEUSDT	+0.0100%	8h	145.86	−0.021%	$30.3M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.92	+0.021%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.02	+0.089%	$346K	$733K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.08	+0.132%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.02	+0.086%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.12	+0.156%	$462K	$3.9M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.87	−0.014%	$128K	$427K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.78	−0.072%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.12	+0.160%	$698K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.77	−0.079%	$932K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.88	−0.010%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.85	−0.030%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.86	−0.021%	$784K	$3.1M	50x	as long as short