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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Polymarket Perps against Nado+0.066%7-day average +0.072% · 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−$29as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Nado Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.066%, 7d avg +0.072%

Together, before fees−0.020%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	144.72	0.0100	pay 0.0012% / 1h	43m 01s	$801K	$437K	10x
Short	Polymarket Perps AAVE-USD	144.81	0.0100	get 0.0013% / 1h	43m 01s	$127K	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.072%: −$0.68
Slippage, 4 orders: −$13.67
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$29.35
Costs to cover: 0.287%
Break-even: 3015769716536004.0 days

Slippage from Nado: live order book, 40 min ago; Polymarket Perps: live order book, 39 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, 40 min ago	0.35 bp	7.5 bp −$8	16.9 bp −$169	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 39 min ago	2.77 bp	6.8 bp −$7	8.1 bp −$81	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	−0.0184%	1h	144.61	−0.073%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0068%	1h	144.67	−0.031%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.56	−0.107%	$5K	$100K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	144.71	−0.003%	$254K	$480K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.60	−0.082%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.60	−0.079%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.73	+0.012%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.359%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0035%	8h	144.75	+0.024%	$31.1M	$25.7M	200x	as long as short
Binance AAVEUSDT	+0.0035%	8h	144.69	−0.015%	$65.7M	$185.3M	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	144.69	−0.018%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.68	−0.023%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0048%	8h	144.70	−0.010%	$17.4M	$66.4M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.65	−0.045%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.80	+0.061%	$3.5M	$2.1M	50x	as long as short
Bulk AAVE-USD	+0.0056%	1h	143.94	−0.536%	$60K	$3K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	144.74	+0.017%	$7.8M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.69	−0.017%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0088%	8h	144.30	−0.288%	$451K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.90	+0.124%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.65	−0.045%	$14K	$4K	20x	as long as short
Nado AAVE-PERPlong	+0.0100%	1h	144.72	long leg	$801K	$437K	10x
Hyperliquid AAVE	+0.0100%	1h	144.84	+0.086%	$79.4M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.75	+0.025%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.60	−0.079%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.72	+0.003%	$61.5M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.64	−0.052%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.71	−0.003%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.68	−0.024%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.71	−0.003%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.82	+0.073%	$382K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.94	−0.535%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.22	−0.342%	$102K	$316K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.27	−0.308%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	144.81	+0.066%	$127K	$467K	10x
SunX AAVE-USDT	+0.0100%	8h	144.60	−0.077%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.06	+0.237%	$719K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.64	−0.052%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.68	−0.024%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0141%	8h	144.60	−0.079%	$3.4M	$4.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.72	+0.001%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.632%	$772K	$3.0M	50x	as long as short