AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0124%/8h= −13.6% APRnext payment −$0.15 per $10,000 · paid last 24h −0.315%

Price spread now: Deribit against Nado−0.024%7-day average +0.014% · 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−$40as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.386%−$39 on $10k

Price spread, last 3 days (all we have)+0.175%+$18 · spread now −0.024%, 7d avg +0.014%

Together, before fees−0.211%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Deribit is 0.038% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	145.72	0.0100	pay 0.0012% / 1h	4m 00s	$800K	$446K	10x
Short	Deribit AAVE_USDC-PERPETUAL	145.68	−0.0024	pay 0.0003% / 1h	4m 00s	$254K	$391K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$26.04
Price spread: −0.024% → +0.014%: −$3.85
Slippage, 4 orders: −$22.25
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$66.13
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from Nado: live order book, 9 min ago; Deribit: live order book, 5 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, 9 min ago	1.37 bp	7.3 bp −$7	15.8 bp −$158	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	4.12 bp	7.6 bp −$8	14.6 bp −$146	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
SoDEX AAVE-USD	−0.0126%	1h	145.61	−0.072%	$5K	$305K	10x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	145.70	−0.010%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	145.87	+0.106%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUALshort	−0.0024%	1h	145.68	−0.024%	$254K	$391K	50x
dYdX AAVE-USD	0.0000%	1h	145.67	−0.033%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.66	−0.038%	$77K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.75	+0.024%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.73	+0.012%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0027%	8h	145.64	−0.051%	$29.6M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0028%	8h	145.65	−0.045%	$66.1M	$187.8M	75x	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	−6.008%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.62	−0.062%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.65	−0.045%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0066%	8h	145.66	−0.038%	$17.8M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	145.64	−0.051%	$7.8M	$16.0M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.66	−0.037%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.82	+0.075%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.71	−0.002%	$14K	$4K	20x	as long as short
Nado AAVE-PERPlong	+0.0100%	1h	145.72	long leg	$800K	$446K	10x
Hyperliquid AAVE	+0.0100%	1h	145.77	+0.038%	$80.1M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.64	−0.051%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.75	+0.024%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.66	−0.038%	$62.2M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.72	+0.003%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.59	−0.088%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.65	−0.045%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.65	−0.045%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.63	−0.058%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.76	+0.031%	$348K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.20	−0.357%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.56	−0.104%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.55	−0.115%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.47	−0.168%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.73	+0.010%	$128K	$455K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.64	−0.049%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.77	+0.037%	$689K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.63	−0.058%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.62	−0.068%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.77	+0.036%	$185K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0110%	8h	145.45	−0.182%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.72	+0.002%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	145.81	+0.065%	$794K	$3.0M	50x	as long as short