Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0038%/8h= +4.2% APRnext payment +$0.05 per $10,000 · paid last 24h −0.049%
Price spread now: SoDEX against Nado−0.035%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$240.241% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.086%−$9 on $10k
Price spread, last 4 days (all we have)+0.425%+$42 · spread now −0.035%, 7d avg +0.020%
Together, before fees+0.339%+ Points / potential airdropNado: Active · farm board+$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. SoDEX is 0.055% cheaper against Nado than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of +0.020%). If the spread goes back, that is −$5 on $10k: about 4.8 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.086%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado AAVE-PERP142.780.0062pay 0.0008% / 1h3m 51s$830K$436K10x
ShortSoDEX AAVE-USD142.730.0100get 0.0013% / 1h3m 51s$5K$303K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$7.97
Price spread: −0.035% → +0.020%
−$5.49
Slippage, 4 orders
−$9.12
Fee Nado: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$21.64
Costs to cover
0.241%
Break-even
26.0 days
Slippage from Nado: live order book, 59 min ago; SoDEX: live order book, 60 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 59 min ago0.69 bp7.2 bp −$718.1 bp −$181doesn't fitdoesn't fit
Sell SoDEX live order book, 60 min ago0.35 bp5.1 bp −$59.2 bp −$9296.5 bp −$9,652doesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAVE_USDC-PERPETUAL−0.0591%1h142.65−0.091%$226K$392K50xas long as short
01 Exchange AAVEUSD−0.0056%1h142.86+0.056%$10K$2K5xas long as short
dYdX AAVE-USD0.0000%1h143.03+0.173%$102K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h142.77−0.007%$53K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h142.78+0.003%$80K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−4.076%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h142.68−0.072%20xas long as short
Orderly PERP_AAVE_USDC+0.0045%8h142.73−0.035%$18K$10K10xas long as short
Nado AAVE-PERPlong+0.0062%1h142.78long leg$830K$436K10x
Phoenix AAVE+0.0089%1h143.30+0.364%$5K$98K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter AAVE+0.0096%1h142.74−0.029%$4.6M$1.5M10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h142.87+0.064%$13K$4K20xas long as short
Hyperliquid AAVE+0.0100%1h142.69−0.063%$77.2M$35.0M10xas long as short
Aster AAVEUSDT+0.0100%8h142.81+0.019%$1.3M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h142.98+0.139%$325K$434K10xas long as short
Binance AAVEUSDT+0.0100%8h142.53−0.175%$63.8M$183.1M75xas long as short
Bybit AAVEUSDT+0.0100%8h142.65−0.091%$61.0M$64.9M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h142.62−0.112%$17.1M$63.1M50xas long as short
Arcus AAVE-USD+0.0100%1h142.87+0.063%$44K$179K10xas long as short
Bulk AAVE-USD+0.0100%1h142.99+0.149%$58K$2K10xas long as short
Gate AAVE_USDT+0.0100%8h142.79+0.007%$7.8M$15.3M75xas long as short
MEXC AAVE_USDT+0.0100%8h142.79+0.007%$25.7M$23.7M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h142.88+0.070%$10.6M$9.2M75xas long as short
Bitget AAVEUSDT+0.0100%8h142.56−0.154%$29.9M$17.4M75xas long as short
BingX AAVE-USDC+0.0100%8h142.66−0.084%$6.5Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h142.85+0.049%$318K$694K10xas long as short
Variational Omni AAVE+0.0100%8h142.80+0.012%$3.7M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h143.18+0.279%$103K$278K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h143.38+0.418%$448K$3.7M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h143.44+0.462%$133K$219K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h142.86+0.056%$127K$423K10xas long as short
SunX AAVE-USDT+0.0100%8h142.70−0.054%$1K$1.3M20xas long as short
SoDEX AAVE-USDshort+0.0100%1h142.73−0.035%$5K$303K10x
HTX AAVE-USDT+0.0100%8h143.12+0.237%$689K$5.2M75xas long as short
Phemex AAVEUSDT+0.0100%8h142.83+0.035%$4.0M$3.7M50xas long as short
Extended AAVE-USD+0.0104%1h142.74−0.029%$909K$1.7M50xas long as short
Aevo AAVE-PERP+0.0104%1h142.78+0.002%$121K$14610xas long as short
RISEx AAVE/USDC+0.0195%1h142.91+0.088%$180K$238K10xas long as short
BloFin AAVE-USDT+0.0220%8h142.79+0.007%$3.4M$3.5M100xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0263% / S −0.0420%1h142.77−0.006%$123K100xas long as short
Kraken Futures PF_AAVEUSD+0.0269%1h142.86+0.054%$3.4M$2.1M50xas long as short
Coinbase International AAVE-PERP-INTX+0.0336%1h142.73−0.035%$771K$2.8M50xas long as short