Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: KuCoin against Nado+0.091%7-day average +0.025% · 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−$42as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.867%−$87 · spread now +0.091%, 7d avg +0.025%

Together, before fees−0.888%+ Points / potential airdropNado: Active · farm board−$89 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: KuCoin is 0.066% dearer against Nado than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	143.42	0.0100	pay 0.0012% / 1h	38m 50s	$798K	$431K	10x
Short	KuCoin AAVEUSDTM	143.55	0.0100	get 0.0100% / 8h	6h 38m	$10.7M	$9.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → +0.025%: $6.59
Slippage, 4 orders: −$30.08
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42.49
Costs to cover: 0.491%
Break-even: 4365441130965881.0 days

Slippage from Nado: live order book, 29 min ago; KuCoin: live order book, 5 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, 29 min ago	1.37 bp	8.3 bp −$8	17.1 bp −$171	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.69 bp	16.6 bp −$17	32.2 bp −$322	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
Deribit AAVE_USDC-PERPETUAL	−0.0726%	1h	143.32	−0.070%	$249K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0048%	1h	143.20	−0.153%	$10K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.51	+0.066%	$3.4M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.34	−0.052%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.30	−0.084%	$64K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.45	+0.021%	$69K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.08	+0.460%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.504%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.42	0.000%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.39	−0.019%	—	—	20x	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	+0.0045%	8h	143.50	+0.056%	$27.0M	$24.8M	200x	as long as short
Binance AAVEUSDT	+0.0046%	8h	143.48	+0.043%	$64.7M	$186.2M	75x	as long as short
SoDEX AAVE-USD	+0.0049%	1h	143.44	+0.014%	$5K	$302K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0070%	8h	143.43	+0.007%	$17.3M	$66.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0070%	1h	144.53	+0.774%	$134K	$230K	50x	as long as short
Gate AAVE_USDT	+0.0081%	8h	143.47	+0.035%	$7.7M	$15.1M	75x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.24	−0.126%	$183K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.63	+0.147%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.46	+0.027%	$121K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.30	−0.085%	$13K	$4K	20x	as long as short
Nado AAVE-PERPlong	+0.0100%	1h	143.42	long leg	$798K	$431K	10x
Hyperliquid AAVE	+0.0100%	1h	143.58	+0.112%	$77.8M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.43	+0.007%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.30	−0.081%	$327K	$436K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.44	+0.014%	$61.5M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.20	−0.153%	$44K	$192K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.711%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	143.55	+0.091%	$10.7M	$9.1M	75x
Bitget AAVEUSDT	+0.0100%	8h	143.49	+0.049%	$29.8M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.44	+0.014%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.55	+0.091%	$322K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.60	+0.127%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.45	+0.721%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.64	+0.154%	$453K	$3.8M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.41	−0.007%	$124K	$418K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.46	+0.026%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.63	+0.146%	$697K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.36	−0.042%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.44	+0.014%	$913K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.774%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0231% / S −0.0348%	1h	143.46	+0.027%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	143.50	+0.056%	$769K	$2.8M	50x	as long as short