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 +0.009%

Price spread now: Nado against BingX−0.017%7-day average −0.014% · 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−$46as in the Price arb table

costs, in and out, $10k−$460.460% of the position

Long on BingX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.794%+$79 · spread now −0.017%, 7d avg −0.014%

Together, before fees+0.799%+ Points / potential airdropNado: Active · farm board+$80 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AAVE-USDC	144.27	0.0100	pay 0.0100% / 8h	6h 20m	—	$6.5M	—
Short	Nado AAVE-PERP	144.25	0.0100	get 0.0012% / 1h	20m 25s	$802K	$423K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. 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 BingXbpFee NadobpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.014%: −$0.38
Slippage, 4 orders: −$29
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$46.38
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Nado: live order book, 48 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 BingX live order book, 10 min ago	0.69 bp	14.4 bp −$14	33.2 bp −$332	238.0 bp −$23.8K	631.8 bp −$315.9K
Sell Nado live order book, 48 min ago	1.37 bp	8.3 bp −$8	14.5 bp −$145	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	144.29	+0.014%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.60	+0.227%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.40	+0.091%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.48	+0.146%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.50	+0.159%	$245K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.54	+0.189%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.83	+0.388%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.067%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.25	−0.017%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.50	+0.159%	$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	+0.0063%	8h	144.30	+0.021%	$26.8M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0065%	8h	144.29	+0.014%	$65.2M	$184.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0077%	8h	144.27	0.000%	$17.3M	$65.2M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.34	+0.046%	$200K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.48	+0.143%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.55	+0.194%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.33	+0.039%	$14K	$4K	20x	as long as short
Nado AAVE-PERPshort	+0.0100%	1h	144.25	−0.017%	$802K	$423K	10x
Hyperliquid AAVE	+0.0100%	1h	144.40	+0.090%	$78.2M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.36	+0.063%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.34	+0.047%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.27	0.000%	$61.7M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.31	+0.028%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.119%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.30	+0.021%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.35	+0.055%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.24	−0.021%	$30.0M	$17.8M	75x	as long as short
BingX AAVE-USDClong	+0.0100%	8h	144.27	long leg	—	$6.5M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.50	+0.159%	$322K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.48	+0.144%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.81	+0.374%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.81	+0.375%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.80	+0.367%	$135K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.30	+0.021%	$124K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.56	+0.198%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.50	+0.159%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.71	+0.304%	$701K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.47	+0.139%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.21	−0.044%	$922K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0243% / S −0.0374%	1h	144.53	+0.183%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.56	+0.201%	$775K	$2.8M	50x	as long as short