Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.020%

Price spread now: Nado against MEXC+0.083%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$170.169% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.334%+$33 · spread now +0.083%, 7d avg −0.032%

Together, before fees+0.365%+ Points / potential airdropNado: Active · farm board+$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.116% dearer against MEXC than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of −0.032%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	143.76	0.0100	pay 0.0100% / 8h	5h 13m	$26.0M	$23.7M	200x
Short	Nado AAVE-PERP	143.88	0.0054	get 0.0007% / 1h	13m 16s	$831K	$433K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against MEXC. 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 MEXCbpFee NadobpOrdersPrice spread, now +0.083%Rate

Funding earned: −$9.6
Price spread: +0.083% → −0.032%: $11.56
Slippage, 4 orders: −$9.91
Fee MEXC: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$14.95
Costs to cover: 0.169%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Nado: live order book, 50 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 MEXC live order book, 6 min ago	0.35 bp	1.4 bp −$1	5.4 bp −$54	29.0 bp −$2,904	93.7 bp −$46.8K
Sell Nado live order book, 50 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
Deribit AAVE_USDC-PERPETUAL	−0.3088%	1h	143.30	−0.320%	$227K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	143.84	+0.056%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.86	+0.068%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.81	+0.035%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.87	+0.077%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.730%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.84	+0.052%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.75	−0.007%	$18K	$10K	10x	as long as short
Nado AAVE-PERPshort	+0.0054%	1h	143.88	+0.083%	$831K	$433K	10x
Phoenix AAVE	+0.0089%	1h	144.07	+0.216%	$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	143.91	+0.107%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.89	+0.089%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.99	+0.160%	$77.9M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.93	+0.119%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.90	+0.099%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.72	−0.028%	$64.3M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.72	−0.028%	$61.3M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.72	−0.028%	$17.2M	$63.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.88	+0.083%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.219%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.89	+0.090%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDTlong	+0.0100%	8h	143.76	long leg	$26.0M	$23.7M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	143.77	+0.007%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.70	−0.042%	$30.1M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.82	+0.042%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.81	+0.035%	$321K	$691K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.360%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.34	+0.406%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.39	+0.438%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.445%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.90	+0.097%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.79	+0.022%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.73	−0.021%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.01	+0.173%	$694K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.77	+0.007%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.70	−0.041%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.77	+0.010%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.91	+0.105%	$186K	$236K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.85	+0.063%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.84	+0.057%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.84	+0.053%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.02	+0.181%	$783K	$2.8M	50x	as long as short