Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h −0.004%

Price spread now: KuCoin against Nado+0.118%7-day average +0.027% · 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−$47as in the Price arb table

costs, in and out, $10k−$560.560% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.409%−$41 · spread now +0.118%, 7d avg +0.027%

Together, before fees−0.432%+ Points / potential airdropNado: Active · farm board−$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.091% dearer against Nado than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	143.95	0.0053	pay 0.0007% / 1h	53m 03s	$847K	$398K	10x
Short	KuCoin AAVEUSDTM	144.12	0.0100	get 0.0100% / 8h	3h 53m	$10.6M	$9.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.118%Rate

Funding earned: $9.78
Price spread: +0.118% → +0.027%: $9.13
Slippage, 4 orders: −$37.03
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$37.11
Costs to cover: 0.560%
Break-even: 33.6 days

Slippage from Nado: live order book, 65 min ago; KuCoin: 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, 65 min ago	1.76 bp	9.3 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.35 bp	16.6 bp −$17	36.1 bp −$361	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
dYdX AAVE-USD	0.0000%	1h	143.66	−0.200%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.78	−0.118%	$54K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.08	+0.090%	$220K	$402K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.04	+0.060%	$81K	—	150x	as long as short
Phemex AAVEUSDT	+0.0032%	8h	143.95	0.000%	$4.0M	$3.7M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.856%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.71	−0.167%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.96	+0.005%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.05	+0.069%	$18K	$10K	10x	as long as short
Nado AAVE-PERPlong	+0.0053%	1h	143.95	long leg	$847K	$398K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.23	+0.197%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.82	−0.088%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.13	+0.122%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.77	−0.128%	$329K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.00	+0.038%	$64.4M	$188.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.95	0.000%	$61.9M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.95	0.000%	$17.2M	$64.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.95	0.000%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.81	−0.097%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.03	+0.056%	$8.2M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	144.06	+0.076%	$25.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	144.12	+0.118%	$10.6M	$9.3M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.90	−0.035%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.03	+0.056%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.38	−0.396%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.71	−0.168%	$104K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.54	−0.287%	$462K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.75	−0.139%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.04	+0.063%	$127K	$442K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.01	+0.045%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.08	+0.090%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.20	+0.173%	$693K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.94	−0.006%	$911K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.10	+0.106%	$122K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	143.93	−0.014%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.91	−0.025%	$185K	$250K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0183%	1h	144.17	+0.153%	$338K	$720K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.01	+0.042%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	144.16	+0.145%	$3.5M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	144.04	+0.066%	$113K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	144.18	+0.160%	$791K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0412%	1h	144.22	+0.188%	$79.3M	$36.7M	10x	as long as short