Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h −0.001%

Price spread now: Aster against Nado+0.125%48s7-day average +0.038% · 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−$450.452% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.356%−$36 · spread now +0.125%, 7d avg +0.038%

Together, before fees−0.355%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.088% dearer against Nado than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.038%. The two prices were read 48 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	Nado AAVE-PERP	142.19	0.0047	pay 0.0006% / 1h	43m 36s	$842K	$447K	10x
Short	Aster AAVEUSDT	142.37	0.0100	get 0.0100% / 8h	4h 43m	$1.2M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.125%Rate

Funding earned: $11.18
Price spread: +0.125% → +0.038%: $8.76
Slippage, 4 orders: −$30.2
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$25.26
Costs to cover: 0.452%
Break-even: 22.8 days

Slippage from Nado: live order book, 15 min ago; Aster: live order book, 4 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 Nado live order book, 15 min ago	1.76 bp	9.3 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	5.29 bp	12.4 bp −$12	27.2 bp −$272	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	−0.0176%	1h	142.16	−0.021%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0014%	1h	142.25	+0.042%	$5K	$299K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.42	+0.165%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.22	+0.021%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.25	+0.042%	$220K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.27	+0.058%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.678%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.23	+0.027%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	142.26	+0.049%	$18K	$10K	10x	as long as short
Nado AAVE-PERPlong	+0.0047%	1h	142.19	long leg	$842K	$447K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	142.04	−0.105%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.42	+0.163%	$4.6M	$1.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.32	+0.089%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.46	+0.190%	$76.8M	$35.3M	10x	as long as short
Aster AAVEUSDTshort	+0.0100%	8h	142.37	+0.125%	$1.2M	$1.3M	50x
Pacifica AAVE	+0.0100%	1h	142.39	+0.142%	$324K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.37	+0.125%	$63.6M	$185.6M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.33	+0.098%	$60.9M	$66.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.32	+0.091%	$17.1M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.37	+0.127%	$63K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.12	−0.049%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.35	+0.113%	$8.1M	$15.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.36	+0.120%	$25.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.37	+0.127%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.22	+0.021%	$29.0M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.30	+0.077%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.46	+0.190%	$338K	$715K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.05	−0.099%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.83	−0.253%	$102K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.90	−0.206%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.81	−0.267%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.29	+0.070%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.24	+0.034%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.186%	$685K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.28	+0.063%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.24	+0.037%	$895K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.26	+0.049%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.29	+0.067%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.04	−0.105%	$3.3M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.28	+0.066%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0325%	1h	142.34	+0.107%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.28	+0.063%	$776K	$2.8M	50x	as long as short