Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.013%

Price spread now: Nado against BloFin−0.027%7-day average −0.044% · 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−$34as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.078%−$8 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now −0.027%, 7d avg −0.044%

Together, before fees−0.184%+ Points / potential airdropNado: Active · farm board−$18 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AAVE-USDT	145.51	0.0109	pay 0.0109% / 8h	7h 04m	$3.5M	$3.5M	100x
Short	Nado AAVE-PERP	145.47	0.0100	get 0.0012% / 1h	4m 46s	$797K	$423K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now −0.027%Rate

Funding earned: −$1.86
Price spread: −0.027% → −0.044%: $1.61
Slippage, 4 orders: −$17.01
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$36.26
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Nado: live order book, 3 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 BloFin live order book, 4 min ago	2.05 bp	8.9 bp −$9	16.5 bp −$165	47.2 bp −$4,717	doesn't fit
Sell Nado live order book, 3 min ago	1.37 bp	8.3 bp −$8	14.5 bp −$145	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	145.60	+0.058%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.50	−0.007%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0043%	1h	145.49	−0.014%	$5K	$302K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.45	−0.041%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.38	−0.089%	$65K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.22	+0.488%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.52	+0.007%	$254K	$367K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.51	−0.001%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0026%	8h	145.88	+0.254%	$28.5M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0029%	8h	145.87	+0.247%	$66.0M	$183.2M	75x	as long as short

Show 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	−5.876%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	145.49	−0.014%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.45	−0.043%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	145.88	+0.254%	$17.8M	$66.2M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0065%	1h	146.47	+0.660%	$136K	$231K	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.53	+0.014%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.05	+0.372%	$4.7M	$1.5M	10x	as long as short
Phemex AAVEUSDT	+0.0099%	8h	145.54	+0.021%	$4.2M	$3.8M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.47	−0.024%	$14K	$4K	20x	as long as short
Nado AAVE-PERPshort	+0.0100%	1h	145.47	−0.027%	$797K	$423K	10x
Hyperliquid AAVE	+0.0100%	1h	145.96	+0.309%	$79.5M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.52	+0.005%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.47	−0.031%	$332K	$469K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.89	+0.261%	$62.5M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.51	0.000%	$46K	$246K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	145.87	+0.247%	$7.9M	$15.4M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.71	+0.137%	$11.0M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.80	+0.199%	$30.2M	$18.0M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.86	+0.241%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.65	+0.096%	$332K	$742K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.38	−0.091%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.11	+0.413%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.52	+0.694%	$466K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.53	+0.014%	$126K	$416K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.47	−0.031%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.60	+0.062%	$707K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.28	+0.529%	$59K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.64	+0.090%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.53	+0.013%	$184K	$245K	10x	as long as short
BloFin AAVE-USDTlong	+0.0109%	8h	145.51	long leg	$3.5M	$3.5M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0373%	1h	145.51	0.000%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.42	+0.625%	$784K	$2.9M	50x	as long as short