Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.004%

Price spread now: SunX against Nado+0.033%7-day average +0.023% · 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−$145as in the Price arb table

costs, in and out, $10k−$1461.459% of the position

Long on Nado Short on SunX

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 4 days (all we have)+0.070%+$7 · spread now +0.033%, 7d avg +0.023%

Together, before fees+0.073%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, 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	143.45	0.0021	pay 0.0003% / 1h	18m 39s	$839K	$400K	10x
Short	SunX AAVE-USDT	143.50	0.0100	get 0.0100% / 8h	2h 18m	$1K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $16.68
Price spread: +0.033% → +0.023%: $0.94
Slippage, 4 orders: −$130.9
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$128.29
Costs to cover: 1.459%
Break-even: 60.9 days

Slippage from Nado: live order book, 30 min ago; SunX: 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 SunX live order book, 5 min ago	44.91 bp	66.1 bp −$66	doesn't fit	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	143.45	0.000%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.11	−0.237%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.48	+0.021%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.50	+0.033%	$80K	—	150x	as long as short
Nado AAVE-PERPlong	+0.0021%	1h	143.45	long leg	$839K	$400K	10x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.524%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.46	+0.005%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.50	+0.035%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0090%	8h	143.48	+0.021%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.38	−0.050%	$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	143.57	+0.084%	$78.4M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.53	+0.056%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.44	−0.007%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.52	+0.050%	$64.5M	$191.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.54	+0.063%	$61.6M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.54	+0.063%	$17.2M	$65.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.61	+0.112%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.816%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.46	+0.007%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.47	+0.014%	$25.2M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.44	−0.007%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.45	0.000%	$29.3M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.49	+0.028%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.69	−0.530%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.78	−0.466%	$106K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	−0.918%	$449K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.18	−0.885%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.56	+0.077%	$142K	$468K	10x	as long as short
SunX AAVE-USDTshort	+0.0100%	8h	143.50	+0.033%	$1K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	143.48	+0.021%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.57	+0.081%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.42	−0.018%	$910K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	143.60	+0.105%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.38	−0.050%	$121K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.32	−0.788%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0156%	1h	143.66	+0.146%	$341K	$730K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.58	+0.093%	$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
Lighter AAVE	+0.0232%	1h	143.61	+0.109%	$4.5M	$2.4M	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.59	+0.101%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.48	+0.020%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.58	+0.091%	$767K	$2.9M	50x	as long as short