Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Nado against Pacifica+0.221%50s7-day average −0.035% · 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—prices read too far apart to compare

costs, in and out, $10k−$300.298% of the position

Long on Pacifica Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.221%, 7d avg −0.035%

Together, before fees−0.121%+ Points / potential airdropPacifica: Active · Nado: Active · farm board−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.256% dearer against Pacifica than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.035%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	145.82	0.0100	pay 0.0013% / 1h	18m 46s	$333K	$503K	10x
Short	Nado AAVE-PERP	146.14	0.0100	get 0.0012% / 1h	18m 46s	$799K	$423K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Pacifica. 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 PacificabpFee NadobpOrdersPrice spread, now +0.221%Rate

Funding earned: $0
Price spread: +0.221% → −0.035%: $25.62
Slippage, 4 orders: −$14.77
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$4.15
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Pacifica: live order book, 55 min ago; Nado: live order book, 54 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 Pacifica live order book, 55 min ago	2.39 bp	7.7 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 54 min ago	1.37 bp	8.3 bp −$8	14.8 bp −$148	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
Kraken Futures PF_AAVEUSD	−0.0185%	1h	146.01	+0.134%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0160%	1h	146.18	+0.250%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0094%	1h	145.90	+0.058%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0092%	1h	146.05	+0.161%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.77	−0.031%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.12	+0.209%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.58	+0.524%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.13	+0.216%	$71K	—	150x	as long as short
Gate AAVE_USDT	+0.0009%	8h	145.79	−0.018%	$7.9M	$15.3M	75x	as long as short
MEXC AAVE_USDT	+0.0021%	8h	145.75	−0.045%	$28.9M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0021%	8h	145.74	−0.052%	$66.0M	$183.5M	75x	as long as short
Phemex AAVEUSDT	+0.0033%	8h	145.92	+0.072%	$4.2M	$3.8M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.073%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.05	+0.159%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.02	+0.140%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	145.79	−0.018%	$17.9M	$66.2M	50x	as long as short
Bybit AAVEUSDT	+0.0068%	8h	145.80	−0.011%	$62.4M	$65.0M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0074%	1h	146.56	+0.511%	$136K	$231K	50x	as long as short
BloFin AAVE-USDT	+0.0085%	8h	146.04	+0.154%	$3.5M	$3.5M	100x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.10	+0.197%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.99	+0.119%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.71	−0.070%	$14K	$4K	20x	as long as short
Nado AAVE-PERPshort	+0.0100%	1h	146.14	+0.221%	$799K	$423K	10x
Hyperliquid AAVE	+0.0100%	1h	145.90	+0.058%	$79.5M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.85	+0.026%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	145.82	long leg	$333K	$503K	10x
Arcus AAVE-USD	+0.0100%	1h	145.78	−0.024%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.36	+0.371%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.85	+0.024%	$10.3M	$8.9M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.70	−0.079%	$30.2M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.72	−0.066%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.93	+0.078%	$333K	$735K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.429%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.46	+0.445%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.48	+0.456%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.13	+0.216%	$127K	$416K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.06	+0.164%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.439%	$711K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.76	−0.036%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.21	+0.267%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.13	+0.215%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.41	+0.408%	$785K	$2.9M	50x	as long as short