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% APRpaid last 24h +0.038%

Price spread now: Nado against HTX−0.297%7-day average +0.103% · 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−$88as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.256%+$26 on $10k

Price spread, last 3 days (all we have)+0.338%+$34 · spread now −0.297%, 7d avg +0.103%

Together, before fees+0.594%+ Points / potential airdropNado: Active · farm board+$59 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 0.400% cheaper against HTX than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AAVE-USDT	145.52	0.0100	pay 0.0100% / 8h	1h 18m	$697K	$5.0M	75x
Short	Nado AAVE-PERP	145.09	0.0100	get 0.0012% / 1h	18m 43s	$803K	$437K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.297%Rate

Funding earned: $0
Price spread: −0.297% → +0.103%: −$40.01
Slippage, 4 orders: −$29.39
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$88.41
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; Nado: live order book, 65 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 HTX live order book, 5 min ago	10.35 bp	16.4 bp −$16	41.7 bp −$417	doesn't fit	doesn't fit
Sell Nado live order book, 65 min ago	0.35 bp	6.9 bp −$7	12.4 bp −$124	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	−0.0144%	1h	144.97	−0.376%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	145.03	−0.335%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0041%	1h	145.10	−0.287%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	145.14	−0.259%	$255K	$465K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.18	−0.231%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.14	−0.259%	$68K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.19	−0.223%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.880%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	145.05	−0.321%	$30.8M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0037%	8h	145.06	−0.314%	$66.1M	$185.3M	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	145.14	−0.258%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.09	−0.291%	$180K	$244K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	145.12	−0.273%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	145.08	−0.300%	$17.6M	$66.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.21	−0.210%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0063%	8h	145.09	−0.293%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.16	−0.242%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.29	−0.155%	$4.7M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0097%	8h	145.12	−0.275%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.05	−0.318%	$14K	$4K	20x	as long as short
Nado AAVE-PERPshort	+0.0100%	1h	145.09	−0.297%	$803K	$437K	10x
Hyperliquid AAVE	+0.0100%	1h	145.22	−0.204%	$79.8M	$33.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.15	−0.250%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.11	−0.280%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.07	−0.307%	$61.6M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.04	−0.328%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.07	−0.304%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.10	−0.287%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.11	−0.280%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.07	−0.307%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.20	−0.218%	$347K	$726K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.06	−0.316%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.08	−0.299%	$104K	$316K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.08	−0.300%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.21	−0.211%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.13	−0.264%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDTlong	+0.0100%	8h	145.52	long leg	$697K	$5.0M	75x
Phemex AAVEUSDT	+0.0100%	8h	145.13	−0.266%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.04	−0.330%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0146%	8h	145.14	−0.259%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.22	−0.206%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	−0.314%	$787K	$3.0M	50x	as long as short