AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.06 per $10,000 · paid last 24h −0.064%

Price spread now: Kraken Futures against Nado+0.122%7-day average +0.064% · 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−$37as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on Nado Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.147%−$15 on $10k

Price spread, last 3 days (all we have)+0.225%+$22 · spread now +0.122%, 7d avg +0.064%

Together, before fees+0.077%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.058% dearer against Nado than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of +0.064%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.2 days. At the pace of the last 3 days (−0.147% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	144.38	0.0100	pay 0.0012% / 1h	32m 10s	$799K	$436K	10x
Short	Kraken Futures PF_AAVEUSD	144.56	0.0054	get 0.0007% / 1h	32m 10s	$3.5M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$9.61
Price spread: +0.122% → +0.064%: $5.78
Slippage, 4 orders: −$25.3
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$46.13
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from Nado: live order book, 51 min ago; Kraken Futures: live order book, 2 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, 51 min ago	0.35 bp	7.5 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	5.52 bp	14.9 bp −$15	23.0 bp −$230	172.4 bp −$17.2K	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	−0.0168%	1h	144.41	+0.017%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0165%	1h	144.45	+0.045%	$254K	$480K	50x	as long as short
SoDEX AAVE-USD	−0.0067%	1h	144.45	+0.045%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.94	+0.384%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.56	+0.124%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.49	+0.073%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.48	+0.063%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	144.54	+0.107%	$30.9M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0033%	8h	144.52	+0.094%	$65.8M	$185.7M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.143%	$422	$51K	12x	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	144.27	−0.077%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.50	+0.077%	$180K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	144.41	+0.017%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0050%	8h	144.43	+0.031%	$17.5M	$66.7M	50x	as long as short
Gate AAVE_USDT	+0.0051%	8h	144.46	+0.052%	$7.8M	$15.9M	75x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0054%	1h	144.56	+0.122%	$3.5M	$2.1M	50x
Bulk AAVE-USD	+0.0080%	1h	144.69	+0.208%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.53	+0.098%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.70	+0.221%	$456K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.64	+0.176%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.46	+0.055%	$14K	$4K	20x	as long as short
Nado AAVE-PERPlong	+0.0100%	1h	144.38	long leg	$799K	$436K	10x
Hyperliquid AAVE	+0.0100%	1h	144.54	+0.107%	$79.4M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.45	+0.043%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.49	+0.074%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.54	+0.107%	$61.4M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.45	+0.045%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.42	+0.024%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.39	+0.003%	$30.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.41	+0.017%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.54	+0.107%	$380K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.61	+0.155%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.66	+0.189%	$103K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.57	+0.128%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.37	−0.010%	$126K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.38	−0.001%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.71	+0.223%	$694K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.40	+0.010%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.42	+0.024%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0133%	8h	144.66	+0.190%	$3.4M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.45	+0.046%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.64	+0.177%	$783K	$3.0M	50x	as long as short