Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.038%

Price spread now: Nado against HTX−0.079%7-day average +0.101% · 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−$72as in the Price arb table

costs, in and out, $10k−$540.536% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.257%+$26 on $10k

Price spread, last 3 days (all we have)+0.149%+$15 · spread now −0.079%, 7d avg +0.101%

Together, before fees+0.406%+ Points / potential airdropNado: Active · farm board+$41 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 0.180% cheaper against HTX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	146.20	0.0100	pay 0.0100% / 8h	21m 03s	$691K	$5.1M	75x
Short	Nado AAVE-PERP	146.08	0.0100	get 0.0012% / 1h	21m 03s	$805K	$442K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → +0.101%: −$17.97
Slippage, 4 orders: −$34.6
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$71.57
Costs to cover: 0.536%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Nado: live order book, 57 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 HTX live order book, 3 min ago	6.89 bp	15.4 bp −$15	54.2 bp −$542	doesn't fit	doesn't fit
Sell Nado live order book, 57 min ago	1.38 bp	7.9 bp −$8	17.2 bp −$172	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
SoDEX AAVE-USD	−0.0074%	1h	145.98	−0.150%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	146.39	+0.130%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.02	−0.123%	$255K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0016%	1h	146.13	−0.048%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.22	+0.014%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.18	−0.014%	$85K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.10	−0.072%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.10	−0.065%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.320%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0040%	8h	146.07	−0.089%	$66.6M	$186.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0040%	8h	146.09	−0.075%	$29.9M	$26.0M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.05	−0.102%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	145.98	−0.150%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0072%	8h	146.09	−0.075%	$17.9M	$67.8M	50x	as long as short
Gate AAVE_USDT	+0.0073%	8h	146.08	−0.082%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.97	−0.157%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.25	+0.033%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.16	−0.028%	$14K	$4K	20x	as long as short
Nado AAVE-PERPshort	+0.0100%	1h	146.08	−0.079%	$805K	$442K	10x
Hyperliquid AAVE	+0.0100%	1h	146.24	+0.027%	$80.6M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.16	−0.028%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.20	+0.001%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.09	−0.075%	$62.3M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.13	−0.048%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	−0.089%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.03	−0.116%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.04	−0.109%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.10	−0.068%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.18	−0.014%	$347K	$748K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.06	−0.099%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.60	−0.413%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.68	−0.356%	$468K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.78	−0.287%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.16	−0.027%	$128K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.99	−0.141%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	146.20	long leg	$691K	$5.1M	75x
Phemex AAVEUSDT	+0.0100%	8h	146.09	−0.075%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.93	−0.183%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.17	−0.019%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0160%	8h	146.06	−0.096%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.10	−0.069%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.11	−0.062%	$789K	$3.0M	50x	as long as short