Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Nado against Polymarket Perps−0.031%7-day average −0.072% · 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−$27as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Polymarket Perps Short on Nado

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 3 days (all we have)−0.012%−$1 · spread now −0.031%, 7d avg −0.072%

Together, before fees−0.015%+ Points / potential airdropNado: Active · farm board−$2 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 0.042% dearer against Polymarket Perps than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AAVE-USD	145.29	0.0100	pay 0.0013% / 1h	7m 58s	$127K	$467K	10x
Short	Nado AAVE-PERP	145.24	0.0100	get 0.0012% / 1h	7m 58s	$804K	$436K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Polymarket Perps. 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 Polymarket PerpsbpFee NadobpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.072%: $4.15
Slippage, 4 orders: −$15.78
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$26.63
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 10 min ago; Nado: live order book, 10 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 Polymarket Perps live order book, 10 min ago	2.41 bp	8.4 bp −$8	9.3 bp −$93	doesn't fit	doesn't fit
Sell Nado live order book, 10 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
01 Exchange AAVEUSD	−0.0128%	1h	145.25	−0.028%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0094%	1h	145.16	−0.089%	$255K	$443K	50x	as long as short
Phoenix AAVE	−0.0045%	1h	145.09	−0.138%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0025%	1h	145.16	−0.089%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.31	+0.012%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.17	−0.083%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.24	−0.034%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.733%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0038%	8h	145.21	−0.055%	$30.7M	$26.0M	200x	as long as short
Binance AAVEUSDT	+0.0039%	8h	145.19	−0.069%	$66.2M	$185.2M	75x	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	145.15	−0.100%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.30	+0.008%	$181K	$245K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.14	−0.103%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.27	−0.011%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0057%	8h	145.17	−0.083%	$17.6M	$66.9M	50x	as long as short
Gate AAVE_USDT	+0.0066%	8h	145.18	−0.076%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.19	−0.069%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.35	+0.039%	$4.7M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0099%	8h	145.02	−0.184%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.31	+0.015%	$14K	$4K	20x	as long as short
Nado AAVE-PERPshort	+0.0100%	1h	145.24	−0.031%	$804K	$436K	10x
Hyperliquid AAVE	+0.0100%	1h	145.33	+0.028%	$79.9M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.22	−0.048%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.35	+0.041%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.18	−0.076%	$61.9M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.28	−0.007%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.13	−0.113%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.18	−0.076%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.21	−0.055%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.19	−0.069%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.27	−0.014%	$347K	$723K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.04	−0.175%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.06	−0.160%	$104K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.10	−0.131%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	145.29	long leg	$127K	$467K	10x
SunX AAVE-USDT	+0.0100%	8h	145.16	−0.087%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.35	+0.040%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.19	−0.069%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.17	−0.086%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0154%	8h	145.38	+0.062%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.22	−0.051%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	−0.158%	$787K	$3.0M	50x	as long as short