Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Nado against Paradex−0.056%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Nado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.056% cheaper against Paradex than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AAVE-USD-PERP	144.16	0.0100	pay 0.0100% / 8h	1h 47m	$13K	$4K	20x
Short	Nado AAVE-PERP	144.07	0.0100	get 0.0012% / 1h	47m 06s	$798K	$437K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Paradex. 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 ParadexbpFee NadobpOrdersPrice spread, now −0.056%Rate

Funding earned: $0.03
Price spread: −0.056% → 0.000%: −$5.62
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$16.59
Costs to cover: 0.110%
Break-even: 4021.4 days

Slippage unknown: Paradex: no order-book sample; Nado: live order book, 36 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Nado live order book, 36 min ago	0.35 bp	6.9 bp −$7	12.4 bp −$124	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
01 Exchange AAVEUSD	−0.0192%	1h	144.08	−0.053%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0106%	1h	143.85	−0.212%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0097%	1h	143.89	−0.185%	$253K	$480K	50x	as long as short
Phoenix AAVE	−0.0045%	1h	143.99	−0.115%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.13	−0.015%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.03	−0.087%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.93	−0.159%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.992%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0034%	8h	143.85	−0.212%	$65.3M	$185.3M	75x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	143.88	−0.191%	$31.0M	$25.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	143.95	−0.146%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0045%	8h	143.88	−0.191%	$17.3M	$66.1M	50x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.16	0.000%	$179K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	143.85	−0.212%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	143.97	−0.131%	$3.4M	$2.1M	50x	as long as short
Bulk AAVE-USD	+0.0056%	1h	143.94	−0.150%	$60K	$3K	10x	as long as short
Gate AAVE_USDT	+0.0068%	8h	143.90	−0.178%	$7.8M	$15.8M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0085%	8h	143.94	−0.150%	$451K	$3.9M	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	143.89	−0.185%	$122K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.04	−0.081%	$4.6M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERPlong	+0.0100%	8h	144.16	long leg	$13K	$4K	20x
Nado AAVE-PERPshort	+0.0100%	1h	144.07	−0.056%	$798K	$437K	10x
Hyperliquid AAVE	+0.0100%	1h	144.01	−0.101%	$79.0M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.89	−0.185%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.16	0.000%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.89	−0.185%	$61.1M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.12	−0.025%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.89	−0.185%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.88	−0.191%	$30.0M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.89	−0.185%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.00	−0.108%	$380K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.92	−0.162%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.90	−0.174%	$102K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.92	−0.164%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.13	−0.018%	$126K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.94	−0.146%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.24	+0.055%	$717K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.94	−0.150%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.82	−0.236%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0136%	8h	143.85	−0.212%	$3.4M	$4.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.92	−0.163%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.247%	$772K	$3.0M	50x	as long as short