Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0009%/8h= +0.9% APRpaid last 24h −0.038%

Price spread now: HTX against Nado+0.139%7-day average −0.105% · 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−$24as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.255%−$25 on $10k

Price spread, last 3 days (all we have)−0.121%−$12 · spread now +0.139%, 7d avg −0.105%

Together, before fees−0.376%+ Points / potential airdropNado: Active · farm board−$38 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: HTX is 0.243% dearer against Nado than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	144.34	0.0091	pay 0.0011% / 1h	22m 24s	$801K	$436K	10x
Short	HTX AAVE-USDT	144.54	0.0100	get 0.0100% / 8h	2h 22m	$719K	$4.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.139%Rate

Funding earned: $1.8
Price spread: +0.139% → −0.105%: $24.34
Slippage, 4 orders: −$29.68
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.53
Costs to cover: 0.487%
Break-even: 94.4 days

Slippage from Nado: live order book, 66 min ago; HTX: live order book, 7 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, 66 min ago	2.37 bp	8.8 bp −$9	17.8 bp −$178	doesn't fit	doesn't fit
Sell HTX live order book, 7 min ago	9.50 bp	16.2 bp −$16	65.3 bp −$653	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	−0.0373%	1h	144.47	+0.090%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0190%	1h	144.40	+0.042%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0128%	1h	144.38	+0.028%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.80	+0.319%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.47	+0.091%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.44	+0.069%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.52	+0.126%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.53	+0.134%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.113%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.45	+0.079%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AAVEUSDT	+0.0047%	1h	144.75	+0.284%	$135K	$229K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0051%	8h	144.45	+0.076%	$17.4M	$66.0M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0052%	8h	144.41	+0.048%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0052%	8h	144.42	+0.055%	$7.7M	$15.9M	75x	as long as short
Binance AAVEUSDT	+0.0054%	8h	144.44	+0.069%	$65.8M	$184.4M	75x	as long as short
MEXC AAVE_USDT	+0.0056%	8h	144.43	+0.062%	$31.4M	$26.3M	200x	as long as short
Nado AAVE-PERPlong	+0.0091%	1h	144.34	long leg	$801K	$436K	10x
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.76	+0.290%	$456K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.57	+0.163%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.46	+0.083%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.42	+0.057%	$180K	$243K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.39	+0.037%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.55	+0.145%	$80.3M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.47	+0.090%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.39	+0.038%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.47	+0.090%	$61.4M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.39	+0.035%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.30	−0.030%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.50	+0.111%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.42	+0.055%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.45	+0.076%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.54	+0.139%	$377K	$704K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.87	+0.367%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.67	+0.230%	$101K	$312K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.54	+0.139%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.42	+0.055%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	144.54	+0.139%	$719K	$4.9M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.41	+0.048%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.36	+0.013%	$932K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0176%	8h	144.42	+0.055%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	+0.014%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.54	+0.136%	$124K	—	100x	as long as short