Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h −0.019%

Price spread now: Binance against Nado−0.078%48s7-day average +0.030% · 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—prices read too far apart to compare

costs, in and out, $10k−$350.351% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.215%−$22 · spread now −0.078%, 7d avg +0.030%

Together, before fees−0.248%+ Points / potential airdropNado: Active · farm board−$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.108% cheaper against Nado than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.030%). If the spread goes back, that is −$11 on $10k: about 3.9 days of funding at the current rate (+$3 a day). 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	142.86	0.0009	pay 0.0001% / 1h	21m 43s	$842K	$448K	10x
Short	Binance AAVEUSDT	142.75	0.0100	get 0.0100% / 8h	4h 21m	$63.8M	$186.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.078%Rate

Funding earned: $19.13
Price spread: −0.078% → +0.030%: −$10.78
Slippage, 4 orders: −$18.12
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$26.76
Costs to cover: 0.351%
Break-even: 16.8 days

Slippage from Nado: live order book, 37 min ago; Binance: 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 Nado live order book, 37 min ago	1.76 bp	9.3 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.35 bp	9.4 bp −$9	18.0 bp −$180	47.1 bp −$4,712	149.8 bp −$74.9K

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	142.92	+0.042%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.75	−0.080%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.88	+0.014%	$46K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.92	+0.042%	$219K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.93	+0.049%	$80K	—	150x	as long as short
Nado AAVE-PERPlong	+0.0009%	1h	142.86	long leg	$842K	$448K	10x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.130%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.86	−0.003%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	142.90	+0.028%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.92	+0.042%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	142.83	−0.022%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.75	−0.079%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.88	+0.014%	$76.9M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.82	−0.029%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.78	−0.057%	$327K	$448K	10x	as long as short
Binance AAVEUSDTshort	+0.0100%	8h	142.75	−0.078%	$63.8M	$186.4M	75x
Bybit AAVEUSDT	+0.0100%	8h	142.74	−0.084%	$61.1M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.70	−0.112%	$17.1M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.03	+0.119%	$64K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	+0.014%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.85	−0.007%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.77	−0.063%	$25.2M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.76	−0.070%	$10.5M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.70	−0.112%	$29.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.79	−0.049%	—	$43.7M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.84	−0.014%	$336K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.60	−0.183%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.74	−0.083%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.67	−0.134%	$459K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.82	−0.028%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.97	+0.077%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.90	+0.030%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.89	+0.021%	$5K	$292K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.00	+0.098%	$688K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.87	+0.007%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.77	−0.064%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.95	+0.060%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.99	+0.088%	$178K	$242K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.74	−0.084%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.91	+0.035%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.96	+0.073%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.95	+0.063%	$793K	$2.8M	50x	as long as short