Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0077%/8h= +8.5% APRpaid last 24h −0.017%

Price spread now: MEXC against Nado+0.028%7-day average +0.033% · 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−$20as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.177%−$18 · spread now +0.028%, 7d avg +0.033%

Together, before fees−0.210%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	143.57	0.0023	pay 0.0003% / 1h	18m 16s	$840K	$399K	10x
Short	MEXC AAVE_USDT	143.61	0.0100	get 0.0100% / 8h	2h 18m	$25.2M	$24.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.028%Rate

Funding earned: $16.24
Price spread: +0.028% → +0.033%: −$0.48
Slippage, 4 orders: −$12.32
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$3.55
Costs to cover: 0.193%
Break-even: 8.5 days

Slippage from Nado: live order book, 30 min ago; MEXC: 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, 30 min ago	1.05 bp	7.6 bp −$8	17.8 bp −$178	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.70 bp	2.6 bp −$3	7.1 bp −$71	38.5 bp −$3,855	111.3 bp −$55.6K

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	143.45	−0.083%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.49	−0.056%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.65	+0.056%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.63	+0.040%	$80K	—	150x	as long as short
Nado AAVE-PERPlong	+0.0023%	1h	143.57	long leg	$840K	$399K	10x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.604%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.59	+0.012%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.65	+0.056%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0092%	8h	143.63	+0.042%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.38	−0.134%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVE	+0.0100%	1h	143.76	+0.132%	$78.5M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.66	+0.061%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.44	−0.091%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.65	+0.059%	$64.6M	$191.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.58	+0.007%	$61.6M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.55	−0.014%	$17.2M	$65.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.61	+0.028%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.899%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.58	+0.007%	$8.1M	$16.2M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	143.61	+0.028%	$25.2M	$24.2M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	143.53	−0.028%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.64	+0.049%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.62	+0.035%	—	$43.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.69	−0.613%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.78	−0.550%	$106K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	−1.001%	$449K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.18	−0.968%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.66	+0.063%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.65	+0.054%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.65	+0.056%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.66	+0.065%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.59	+0.013%	$910K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	143.60	+0.021%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.47	−0.071%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.32	−0.871%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0156%	1h	143.66	+0.063%	$341K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.58	+0.009%	$195K	$255K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.51	−0.042%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.72	+0.104%	$3.4M	$2.1M	50x	as long as short
Lighter AAVE	+0.0240%	1h	143.85	+0.196%	$4.6M	$2.4M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.62	+0.034%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.58	+0.007%	$767K	$2.9M	50x	as long as short