Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Nado against Polymarket Perps−0.038%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Polymarket Perps Short on Nado

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)+0.042%+$4 · spread now −0.038%, 7d avg −0.071%

Together, before fees+0.039%+ Points / potential airdropNado: Active · farm board+$4 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 0.032% dearer against Polymarket Perps than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAVE-USD	143.55	0.0100	pay 0.0013% / 1h	41m 21s	$125K	$419K	10x
Short	Nado AAVE-PERP	143.50	0.0100	get 0.0012% / 1h	41m 21s	$832K	$431K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Polymarket Perps. 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 Polymarket PerpsbpFee NadobpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → −0.071%: $3.23
Slippage, 4 orders: −$13.61
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$25.38
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 21 min ago; Nado: live order book, 22 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 Polymarket Perps live order book, 21 min ago	1.73 bp	8.3 bp −$8	9.3 bp −$93	doesn't fit	doesn't fit
Sell Nado live order book, 22 min ago	0.69 bp	6.7 bp −$7	13.3 bp −$133	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	−0.0064%	1h	143.48	−0.049%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.47	−0.055%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.87	+0.223%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.92	+0.258%	$239K	$377K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.53	−0.013%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.591%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.42	−0.091%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.48	−0.045%	—	—	20x	as long as short
Phoenix AAVE	+0.0089%	1h	143.48	−0.049%	$5K	$98K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.59	+0.029%	$4.6M	$1.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0098%	8h	143.42	−0.091%	$17.2M	$63.4M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.46	−0.060%	$13K	$4K	20x	as long as short
Nado AAVE-PERPshort	+0.0100%	1h	143.50	−0.038%	$832K	$431K	10x
Hyperliquid AAVE	+0.0100%	1h	143.62	+0.049%	$77.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.53	−0.013%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.45	−0.069%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.50	−0.035%	$64.3M	$183.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.48	−0.049%	$61.4M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.55	0.000%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	+0.005%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.54	−0.007%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.52	−0.021%	$26.0M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.56	+0.007%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.49	−0.042%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.51	−0.028%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.90	+0.244%	$321K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.37	−0.125%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.73	+0.127%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	+0.160%	$456K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.78	+0.160%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	143.55	long leg	$125K	$419K	10x
SunX AAVE-USDT	+0.0100%	8h	143.91	+0.251%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.93	+0.265%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.02	+0.327%	$696K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.85	+0.209%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.45	−0.068%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.48	−0.052%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.56	+0.004%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.92	+0.258%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.54	−0.009%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.01	+0.321%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.09	+0.376%	$780K	$2.8M	50x	as long as short