Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Nado against KuCoin+0.055%51s7-day average −0.024% · 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−$530.526% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 3 days (all we have)+0.075%+$7 · spread now +0.055%, 7d avg −0.024%

Together, before fees+0.094%+ Points / potential airdropNado: Active · farm board+$9 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 0.079% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.024%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AAVEUSDTM	144.96	0.0100	pay 0.0100% / 8h	7h 01m	$10.9M	$9.1M	75x
Short	Nado AAVE-PERP	145.04	0.0100	get 0.0012% / 1h	1m 41s	$795K	$423K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → −0.024%: $7.92
Slippage, 4 orders: −$33.63
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$44.71
Costs to cover: 0.526%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Nado: live order book, 7 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 KuCoin live order book, 2 min ago	1.38 bp	19.1 bp −$19	43.1 bp −$431	doesn't fit	doesn't fit
Sell Nado live order book, 7 min ago	1.37 bp	8.3 bp −$8	14.5 bp −$145	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	−0.0186%	1h	145.07	+0.075%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.69	−0.186%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0035%	1h	144.94	−0.014%	$5K	$302K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	145.01	+0.034%	$253K	$363K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0014%	1h	145.08	+0.083%	$135K	$231K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.00	+0.027%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.11	+0.103%	$65K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.22	+0.869%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.07	+0.073%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0030%	8h	144.79	−0.117%	$28.0M	$26.2M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0030%	8h	144.72	−0.165%	$65.4M	$183.6M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.519%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	145.02	+0.041%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.98	+0.011%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	144.74	−0.152%	$17.6M	$65.7M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.02	+0.043%	$122K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.96	+0.003%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.83	−0.090%	$14K	$4K	20x	as long as short
Nado AAVE-PERPshort	+0.0100%	1h	145.04	+0.055%	$795K	$423K	10x
Hyperliquid AAVE	+0.0100%	1h	145.01	+0.034%	$78.9M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.95	−0.008%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.92	−0.025%	$331K	$469K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.74	−0.152%	$61.9M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.79	−0.117%	$45K	$246K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.77	−0.131%	$7.8M	$15.4M	75x	as long as short
KuCoin AAVEUSDTMlong	+0.0100%	8h	144.96	long leg	$10.9M	$9.1M	75x
Bitget AAVEUSDT	+0.0100%	8h	144.78	−0.124%	$30.0M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.77	−0.131%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.01	+0.034%	$331K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.38	+0.288%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.23	+0.185%	$105K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.47	+0.353%	$454K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.04	+0.055%	$126K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.98	+0.011%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.37	+0.281%	$706K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.08	+0.083%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.28	+0.911%	$59K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.71	−0.173%	$930K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	144.72	−0.163%	$183K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0121%	8h	145.04	+0.055%	$3.5M	$3.4M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	145.07	+0.076%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.25	+0.200%	$777K	$2.9M	50x	as long as short