Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: edgeX against Nado−0.272%62s7-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—prices read too far apart to compare

costs, in and out, $10k−$300.305% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.201%+$20 · spread now −0.272%, 7d avg +0.014%

Together, before fees+0.206%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$21 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: edgeX is 0.286% cheaper against Nado than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.014%. The two prices were read 62 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	145.03	0.0100	pay 0.0012% / 1h	38m 29s	$803K	$436K	10x
Short	edgeX AAVEUSDC	144.63	0.0100	get 0.0050% / 4h	1h 38m	$103K	$314K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.272%Rate

Funding earned: $0
Price spread: −0.272% → +0.014%: −$28.63
Slippage, 4 orders: −$14.47
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$59.1
Costs to cover: 0.305%
Break-even: 6072320911420143.0 days

Slippage from Nado: live order book, 45 min ago; edgeX: live order book, 45 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, 45 min ago	0.35 bp	7.5 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell edgeX live order book, 45 min ago	3.46 bp	8.0 bp −$8	11.7 bp −$117	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
01 Exchange AAVEUSD	−0.0176%	1h	145.10	+0.052%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0079%	1h	144.88	−0.100%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.79	−0.162%	$5K	$100K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	144.92	−0.072%	$254K	$480K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.05	+0.014%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.88	−0.100%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.00	−0.021%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.561%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	145.05	+0.017%	$31.1M	$25.7M	200x	as long as short
Binance AAVEUSDT	+0.0035%	8h	145.10	+0.052%	$65.9M	$185.5M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.92	−0.069%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.14	+0.078%	$181K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0049%	8h	145.16	+0.093%	$17.6M	$66.8M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.88	−0.100%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.96	−0.043%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0063%	8h	145.07	+0.031%	$7.8M	$15.8M	75x	as long as short
Bulk AAVE-USD	+0.0080%	1h	144.69	−0.234%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.92	−0.074%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.65	−0.259%	$462K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.26	+0.163%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.06	+0.026%	$14K	$4K	20x	as long as short
Nado AAVE-PERPlong	+0.0100%	1h	145.03	long leg	$803K	$436K	10x
Hyperliquid AAVE	+0.0100%	1h	145.12	+0.066%	$79.7M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.09	+0.044%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.06	+0.024%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.13	+0.072%	$61.6M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.10	+0.052%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.02	−0.003%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.04	+0.010%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.07	+0.031%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.00	−0.017%	$381K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.69	−0.232%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	144.63	−0.272%	$103K	$314K	20x
ApeX Omni AAVEUSDT	+0.0100%	1h	144.72	−0.210%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.02	−0.003%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.92	−0.070%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.99	−0.024%	$695K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.79	−0.162%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.05	+0.017%	$929K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0139%	8h	144.86	−0.114%	$3.4M	$4.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.99	−0.022%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.10	+0.052%	$783K	$3.0M	50x	as long as short