Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.011%

Price spread now: Nado against Gate−0.042%7-day average −0.022% · 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−$45as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.042%, 7d avg −0.022%

Together, before fees+0.207%+ Points / potential airdropNado: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.020% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAVE_USDT	142.13	0.0100	pay 0.0100% / 8h	1h 05m	$8.0M	$16.0M	75x
Short	Nado AAVE-PERP	142.07	0.0071	get 0.0009% / 1h	5m 07s	$827K	$396K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.042%Rate

Funding earned: −$6.15
Price spread: −0.042% → −0.022%: −$2.01
Slippage, 4 orders: −$21.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$51.56
Costs to cover: 0.434%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Nado: live order book, 38 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 Gate live order book, 4 min ago	0.35 bp	13.9 bp −$14	28.9 bp −$289	39.1 bp −$3,908	44.1 bp −$22.0K
Sell Nado live order book, 38 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	142.31	+0.125%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.13	0.000%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.09	−0.028%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.10	−0.021%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.638%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.05	−0.058%	—	—	20x	as long as short
Nado AAVE-PERPshort	+0.0071%	1h	142.07	−0.042%	$827K	$396K	10x
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.06	−0.049%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.50	+0.260%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.26	+0.094%	$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	142.14	+0.006%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.16	+0.023%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.20	+0.047%	$325K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.06	−0.049%	$63.8M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.06	−0.049%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.07	−0.042%	$17.0M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.20	+0.049%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	+0.155%	$161K	$103K	10x	as long as short
Gate AAVE_USDTlong	+0.0100%	8h	142.13	long leg	$8.0M	$16.0M	75x
MEXC AAVE_USDT	+0.0100%	8h	142.07	−0.042%	$24.3M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.11	−0.014%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.03	−0.070%	$29.0M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.22	+0.063%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.26	+0.092%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.14	+0.005%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.20	+0.049%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.13	0.000%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.16	+0.021%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.09	−0.032%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.06	−0.049%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.52	+0.272%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.12	−0.007%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.01	−0.085%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.09	−0.025%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	142.14	+0.007%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0163%	1h	142.24	+0.077%	$77.8M	$36.9M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0168%	1h	142.20	+0.049%	$390K	$727K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.09	−0.028%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.10	−0.022%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.16	+0.024%	$189K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	+0.113%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.20	+0.052%	$3.4M	$2.1M	50x	as long as short