AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h −0.004%

Price spread now: Nado against Bulk−0.249%7-day average — · 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−$48as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Bulk Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.249% cheaper against Bulk than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk AAVE-USD	142.35	0.0100	pay 0.0013% / 1h	3m 02s	$161K	$103K	10x
Short	Nado AAVE-PERP	142.00	0.0070	get 0.0009% / 1h	3m 02s	$827K	$396K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bulk. 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 BulkbpFee NadobpOrdersPrice spread, now −0.249%Rate

Funding earned: −$6.39
Price spread: −0.249% → 0.000%: −$24.94
Slippage, 4 orders: −$9.1
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$54.43
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Bulk: live order book, 6 min ago; Nado: live order book, 40 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 Bulk live order book, 6 min ago	0.35 bp	3.9 bp −$4	7.5 bp −$75	29.0 bp −$2,900	87.9 bp −$43.9K
Sell Nado live order book, 40 min ago	0.35 bp	6.3 bp −$6	12.3 bp −$123	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	142.04	−0.215%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.05	−0.211%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.03	−0.225%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.03	−0.225%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.786%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.93	−0.297%	—	—	20x	as long as short
Nado AAVE-PERPshort	+0.0070%	1h	142.00	−0.249%	$827K	$396K	10x
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.00	−0.246%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.50	+0.105%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.20	−0.103%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.04	−0.219%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.08	−0.192%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.14	−0.150%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.98	−0.263%	$63.8M	$188.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.94	−0.288%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.96	−0.274%	$17.0M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.13	−0.155%	$63K	$197K	10x	as long as short
Bulk AAVE-USDlong	+0.0100%	1h	142.35	long leg	$161K	$103K	10x
Gate AAVE_USDT	+0.0100%	8h	142.03	−0.225%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.03	−0.225%	$24.3M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.04	−0.218%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.01	−0.239%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.01	−0.239%	—	$43.4M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.26	−0.063%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.12	−0.163%	$108K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.13	−0.155%	$444K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.08	−0.190%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.09	−0.183%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.00	−0.243%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.02	−0.232%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.074%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.02	−0.232%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.91	−0.306%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.05	−0.209%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	142.08	−0.190%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0160%	1h	142.14	−0.148%	$77.7M	$36.9M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0167%	1h	142.13	−0.155%	$390K	$727K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.03	−0.225%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.99	−0.253%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.09	−0.181%	$188K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	−0.042%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.12	−0.161%	$3.4M	$2.1M	50x	as long as short