Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0183%/8h= +20.1% APRpaid last 24h +0.014%

Price spread now: BloFin against Nado+0.088%103s7-day average +0.031% · 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—prices read too far apart to compare

costs, in and out, $10k−$320.317% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.075%+$7 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.088%, 7d avg +0.031%

Together, before fees+0.162%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.057% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.031%. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	142.54	0.0037	pay 0.0005% / 1h	9m 28s	$830K	$398K	10x
Short	BloFin AAVE-USDT	142.67	0.0220	get 0.0220% / 8h	3h 09m	$3.3M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.088%Rate

Funding earned: $38.46
Price spread: +0.088% → +0.031%: $5.71
Slippage, 4 orders: −$12.66
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $12.5
Costs to cover: 0.317%
Break-even: 4.7 days

Slippage from Nado: live order book, 44 min ago; BloFin: 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 Nado live order book, 44 min ago	1.04 bp	7.8 bp −$8	18.0 bp −$180	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.35 bp	9.1 bp −$9	13.0 bp −$130	35.3 bp −$3,529	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
dYdX AAVE-USD	0.0000%	1h	142.74	+0.138%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.78	+0.165%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.61	+0.046%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.54	−0.004%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.918%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	142.74	+0.137%	$4K	$106K	10x	as long as short
Nado AAVE-PERPlong	+0.0037%	1h	142.54	long leg	$830K	$398K	10x
Reya AAVERUSDPERP	+0.0044%	1h	142.44	−0.077%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	142.52	−0.018%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0068%	8h	142.64	+0.067%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.70	+0.108%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.67	+0.088%	$78.0M	$37.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.57	+0.019%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.71	+0.114%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.49	−0.039%	$63.7M	$188.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.50	−0.032%	$61.3M	$67.8M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.51	−0.025%	$17.0M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.69	+0.102%	$64K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.97	+0.298%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.50	−0.032%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.51	−0.025%	$25.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.58	+0.025%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.50	−0.032%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.47	−0.053%	—	$43.7M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.72	+0.123%	$335K	$722K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.66	+0.080%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.93	+0.268%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.96	+0.291%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.98	+0.305%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.63	+0.060%	$131K	$450K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.64	+0.065%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.62	+0.053%	$5K	$310K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.96	+0.288%	$683K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.51	−0.026%	$904K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.64	+0.067%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.53	−0.012%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	142.64	+0.065%	$185K	$251K	10x	as long as short
BloFin AAVE-USDTshort	+0.0220%	8h	142.67	+0.088%	$3.3M	$3.6M	100x
Kraken Futures PF_AAVEUSD	+0.0248%	1h	142.71	+0.114%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.52	−0.019%	$111K	—	100x	as long as short
Lighter AAVE	+0.0256%	1h	142.94	+0.279%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	142.91	+0.256%	$781K	$2.8M	50x	as long as short