Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Aster against Nado+0.073%7-day average +0.038% · you sell dearer than you buy

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−$380.377% of the position

Long on Nado Short on Aster

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)−0.777%−$78 · spread now +0.073%, 7d avg +0.038%

Together, before fees−0.774%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$77 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: Aster is 0.035% dearer against Nado than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	144.52	0.0100	pay 0.0012% / 1h	21m 14s	$804K	$425K	10x
Short	Aster AAVEUSDT	144.63	0.0100	get 0.0100% / 8h	6h 21m	$1.3M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.038%: $3.55
Slippage, 4 orders: −$22.66
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.11
Costs to cover: 0.377%
Break-even: 3504452131230690.0 days

Slippage from Nado: live order book, 47 min ago; Aster: live order book, 2 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 Nado live order book, 47 min ago	1.37 bp	8.3 bp −$8	17.1 bp −$171	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	3.80 bp	9.1 bp −$9	25.0 bp −$250	doesn't fit	doesn't fit

AAVE on 41 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	−0.0048%	1h	144.58	+0.038%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.60	+0.050%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.68	+0.104%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.48	−0.031%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.50	−0.017%	$245K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.54	+0.012%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.83	+0.211%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.234%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.50	−0.014%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.50	−0.017%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0061%	8h	144.44	−0.059%	$26.9M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0064%	8h	144.45	−0.052%	$65.2M	$184.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0077%	8h	144.38	−0.100%	$17.4M	$65.2M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.61	+0.060%	$200K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.69	+0.117%	$4.7M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.55	+0.017%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.65	+0.085%	$14K	$4K	20x	as long as short
Nado AAVE-PERPlong	+0.0100%	1h	144.52	long leg	$804K	$425K	10x
Hyperliquid AAVE	+0.0100%	1h	144.67	+0.102%	$78.3M	$35.6M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	144.63	+0.073%	$1.3M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	144.65	+0.086%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.41	−0.080%	$61.7M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.61	+0.059%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	−0.057%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.53	+0.003%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.54	+0.010%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.42	−0.073%	$30.0M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.42	−0.073%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.50	−0.017%	$322K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.74	+0.150%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.81	+0.196%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.81	+0.198%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.80	+0.190%	$135K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.59	+0.045%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.56	+0.021%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.50	−0.017%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.71	+0.127%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.47	−0.038%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.45	−0.055%	$922K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0243% / S −0.0374%	1h	144.53	+0.006%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.56	+0.024%	$775K	$2.8M	50x	as long as short