Funding you earn now, next payment 00:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.044%
Price spread now: Nado against Coinbase International+0.027%45s7-day average −0.102% · 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—prices read too far apart to compare
costs, in and out, $10k−$410.414% of the position
Funding, last 3 days (all we have)−0.063%−$6 on $10k
+Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.027%, 7d avg −0.102%
=Together, before fees−0.154%+ Points / potential airdropNado: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.130% dearer against Coinbase International than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.102%): +$13 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 3 days (−0.063% in total) that is about 6.7 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.063% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AAVE-PERP-INTX | 146.17 | 0.0296 | pay 0.0037% / 1h | 31m 26s | $786K | $3.1M | 50x |
| Short | Nado AAVE-PERP | 146.21 | 0.0100 | get 0.0012% / 1h | 31m 26s | $799K | $445K | 10x |
Coinbase International AAVE-PERP-INTX
Nado AAVE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$41.16
- Price spread: +0.027% → −0.102%
- $12.98
- Slippage, 4 orders
- −$24.44
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$69.63
- Costs to cover
- 0.414%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; Nado: live order book, 42 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 Coinbase International live order book, 2 min ago | 5.12 bp | 11.2 bp −$11 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell Nado live order book, 42 min ago | 1.37 bp | 8.3 bp −$8 | 14.8 bp −$148 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AAVEUSD | −0.0184% | 1h | 146.20 | +0.018% | $3.5M | $2.1M | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0144% | 1h | 146.25 | +0.055% | $11K | $2K | 5x | as long as short |
| SoDEX AAVE-USD | −0.0115% | 1h | 146.08 | −0.062% | $5K | $305K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 146.23 | +0.038% | $104K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 145.98 | −0.130% | $77K | $1.5M | 3.4x | as long as short |
| Phoenix AAVE | 0.0000% | 1h | 146.19 | +0.014% | $5K | $102K | 10x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 146.15 | −0.014% | $255K | $369K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 146.28 | +0.077% | $71K | — | 150x | as long as short |
| Phemex AAVEUSDT | +0.0009% | 8h | 146.07 | −0.068% | $4.2M | $3.8M | 50x | as long as short |
| Binance AAVEUSDT | +0.0019% | 8h | 146.21 | +0.027% | $66.3M | $184.7M | 75x | as long as short |
Kraken Futures PF_AAVEUSD
01 Exchange AAVEUSD
SoDEX AAVE-USD
dYdX AAVE-USD
Kalshi KXAAVEPERP
Phoenix AAVE
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Phemex AAVEUSDT
Binance AAVEUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AAVE_USDT | +0.0020% | 8h | 146.21 | +0.027% | $29.2M | $25.8M | 200x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.301% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 146.17 | −0.002% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0047% | 8h | 146.18 | +0.007% | $18K | $10K | 10x | as long as short |
| Gate AAVE_USDT | +0.0049% | 8h | 146.21 | +0.027% | $7.9M | $15.2M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0062% | 8h | 146.19 | +0.014% | $17.9M | $66.7M | 50x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0071% | 8h | 145.82 | −0.236% | $461K | $3.8M | 10x | as long as short |
| BloFin AAVE-USDT | +0.0081% | 8h | 146.12 | −0.034% | $3.5M | $4.0M | 100x | as long as short |
| Bybit AAVEUSDT | +0.0085% | 8h | 146.19 | +0.014% | $62.5M | $65.3M | 75x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 146.10 | −0.044% | $123K | $146 | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0092% | 1h | 146.26 | +0.062% | $136K | $231K | 50x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.40 | +0.154% | $4.7M | $1.5M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 146.23 | +0.039% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERPshort | +0.0100% | 1h | 146.21 | +0.027% | $799K | $445K | 10x | |
| Hyperliquid AAVE | +0.0100% | 1h | 146.32 | +0.103% | $79.8M | $35.3M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 146.23 | +0.044% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 146.22 | +0.031% | $334K | $503K | 10x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 146.26 | +0.062% | $46K | $278K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 145.72 | −0.308% | $61K | −$0 | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 146.28 | +0.075% | $10.1M | $8.8M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 146.18 | +0.007% | $30.4M | $18.0M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 146.18 | +0.007% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 146.23 | +0.041% | $333K | $741K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 145.87 | −0.204% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 145.80 | −0.255% | $105K | $318K | 20x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 146.28 | +0.075% | $128K | $427K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 145.84 | −0.229% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 146.29 | +0.079% | $712K | $5.2M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 146.22 | +0.034% | $933K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0107% | 1h | 146.30 | +0.088% | $185K | $246K | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0233% / S −0.0363% | 1h | 146.27 | +0.065% | $128K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTXlong | +0.0296% | 1h | 146.17 | long leg | $786K | $3.1M | 50x |
MEXC AAVE_USDT
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Gate AAVE_USDT
OKX AAVE-USDT-SWAP
GRVT AAVE_USDT_Perp
BloFin AAVE-USDT
Bybit AAVEUSDT
Aevo AAVE-PERP
ApeX Omni AAVEUSDT
Lighter AAVE
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Extended AAVE-USD
RISEx AAVE/USDC
GMX AAVE/USD [AAVE-USDC]