Funding you earn now, next payment 23:00 UTC+0.0127%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.020%
Price spread now: Nado against Phoenix−0.214%57s7-day average −0.093% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.025%+$2 on $10k
+Price spread, last 3 days (all we have)+0.139%+$14 · spread now −0.214%, 7d avg −0.093%
=Together, before fees+0.164%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.122% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.214% now, against its 7-day average of −0.093%). If the spread goes back, that is −$12 on $10k: about 3.2 days of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.025% in total) that is about 16 days. The two prices were read 57 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 | Phoenix AAVE | 145.87 | −0.0027 | get 0.0003% / 1h | 6m 21s | $5K | $99K | 10x |
| Short | Nado AAVE-PERP | 145.56 | 0.0100 | get 0.0012% / 1h | 6m 21s | $801K | $445K | 10x |
Phoenix AAVE
Nado AAVE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
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How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $26.76
- Price spread: −0.214% → −0.093%
- −$12.15
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- $0.6
- Costs to cover
- 0.140%
- Break-even
- 6.8 days
Slippage unknown: Phoenix: no order-book sample; Nado: live order book, 7 min ago. Net counts fees only.
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 7 min ago | 1.37 bp | 8.3 bp −$8 | 14.8 bp −$148 | doesn't fit | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX AAVE-USD | −0.0126% | 1h | 145.31 | −0.384% | $5K | $305K | 10x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | −0.0094% | 1h | 145.36 | −0.350% | $254K | $391K | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0048% | 1h | 145.76 | −0.075% | $11K | $2K | 5x | as long as short |
| Phoenix AAVElong | −0.0027% | 1h | 145.87 | long leg | $5K | $99K | 10x | |
| dYdX AAVE-USD | 0.0000% | 1h | 145.84 | −0.021% | $104K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 145.89 | +0.014% | $83K | $1.5M | 3.4x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0002% | 1h | 145.41 | −0.315% | $3.5M | $2.1M | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 145.31 | −0.382% | $70K | — | 150x | as long as short |
| Binance AAVEUSDT | +0.0029% | 8h | 145.27 | −0.411% | $66.3M | $187.6M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0030% | 8h | 145.43 | −0.302% | $29.6M | $26.1M | 200x | as long as short |
SoDEX AAVE-USD
Deribit AAVE_USDC-PERPETUAL
01 Exchange AAVEUSD
dYdX AAVE-USD
Kalshi KXAAVEPERP
Kraken Futures PF_AAVEUSD
gTrade (Gains Network) AAVE/USD
Binance AAVEUSDT
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.108% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 145.33 | −0.367% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0052% | 8h | 145.28 | −0.404% | $18K | $12K | 10x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0066% | 8h | 145.31 | −0.384% | $17.8M | $67.4M | 50x | as long as short |
| Gate AAVE_USDT | +0.0073% | 8h | 145.34 | −0.363% | $7.8M | $15.9M | 75x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 145.36 | −0.353% | $123K | $146 | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.00 | +0.087% | $4.7M | $1.6M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 145.73 | −0.095% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERPshort | +0.0100% | 1h | 145.56 | −0.214% | $801K | $445K | 10x | |
| Hyperliquid AAVE | +0.0100% | 1h | 145.61 | −0.178% | $80.0M | $34.9M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 145.77 | −0.072% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 145.79 | −0.052% | $333K | $504K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 145.28 | −0.404% | $62.0M | $66.0M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 145.77 | −0.069% | $51K | $273K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 145.59 | −0.194% | $61K | $360 | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 145.48 | −0.267% | $9.9M | $8.7M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 145.26 | −0.418% | $30.2M | $18.2M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 145.25 | −0.425% | — | $44.1M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 145.86 | −0.007% | $346K | $744K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 145.20 | −0.462% | $3.8M | $1.4M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 145.63 | −0.166% | $105K | $317K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 145.55 | −0.221% | $457K | $3.8M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 145.64 | −0.158% | $135K | $230K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 145.80 | −0.048% | $128K | $455K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 145.76 | −0.073% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 146.07 | +0.137% | $689K | $5.1M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 145.86 | −0.007% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 145.28 | −0.403% | $935K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0106% | 1h | 145.81 | −0.041% | $185K | $247K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0121% | 8h | 145.56 | −0.213% | $3.5M | $4.1M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0269% / S −0.0449% | 1h | 145.29 | −0.396% | $127K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0280% | 1h | 145.92 | +0.034% | $787K | $3.0M | 50x | as long as short |
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
OKX AAVE-USDT-SWAP
Gate AAVE_USDT
Aevo AAVE-PERP
Lighter AAVE
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
RISEx AAVE/USDC
BloFin AAVE-USDT
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX