Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Arcus against Nado−0.103%7-day average +0.035% · 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−$45as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Nado Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.045%−$4 · spread now −0.103%, 7d avg +0.035%

Together, before fees−0.042%+ Points / potential airdropNado: Active · farm board−$4 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: Arcus is 0.138% cheaper against Nado than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	146.19	0.0100	pay 0.0012% / 1h	57m 45s	$809K	$437K	10x
Short	Arcus AAVE-USD	146.04	0.0100	get 0.0013% / 1h	57m 45s	$51K	$273K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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 NadobpFee ArcusbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → +0.035%: −$13.8
Slippage, 4 orders: −$20.08
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$45.38
Costs to cover: 0.316%
Break-even: 4662130746189509.0 days

Slippage from Nado: live order book, 21 min ago; Arcus: live order book, 21 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 Nado live order book, 21 min ago	1.38 bp	7.4 bp −$7	19.8 bp −$198	doesn't fit	doesn't fit
Sell Arcus live order book, 21 min ago	2.41 bp	7.1 bp −$7	20.4 bp −$204	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
Phoenix AAVE	−0.0045%	1h	145.88	−0.212%	$5K	$99K	10x	as long as short
01 Exchange AAVEUSD	−0.0008%	1h	146.07	−0.082%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0008%	1h	146.13	−0.041%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.99	−0.135%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.82	−0.253%	$74K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.17	−0.014%	$256K	$417K	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.24	+0.032%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.25	+0.044%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.314%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.19	0.000%	$30.6M	$25.5M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0042%	8h	146.17	−0.012%	$66.6M	$185.1M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.22	+0.023%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.18	−0.007%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	146.15	−0.027%	$17.9M	$67.4M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	146.20	+0.007%	$7.9M	$15.7M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.09	−0.065%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.38	+0.127%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.04	−0.100%	$14K	$4K	20x	as long as short
Nado AAVE-PERPlong	+0.0100%	1h	146.19	long leg	$809K	$437K	10x
Aster AAVEUSDT	+0.0100%	8h	146.25	+0.039%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.00	−0.127%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.18	−0.007%	$62.4M	$66.0M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	146.04	−0.103%	$51K	$273K	10x
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.274%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.20	+0.007%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.26	+0.048%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.21	+0.014%	—	$43.9M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	145.55	−0.441%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.58	−0.418%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.61	−0.398%	$460K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.49	−0.479%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.32	+0.089%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.11	−0.054%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.31	+0.086%	$700K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.11	−0.055%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.17	−0.017%	$936K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.09	−0.069%	$186K	$246K	10x	as long as short
Hyperliquid AAVE	+0.0118%	1h	146.34	+0.103%	$80.8M	$34.2M	10x	as long as short
BloFin AAVE-USDT	+0.0162%	8h	145.72	−0.321%	$3.5M	$4.0M	100x	as long as short
Backpack AAVE_USDC_PERP	+0.0180%	1h	146.31	+0.082%	$354K	$732K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.24	+0.032%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.164%	$795K	$3.1M	50x	as long as short