Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.058%
Price spread now: Coinbase International against Nado−0.067%45s7-day average +0.110% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$390.387% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.087%+$9 on $10k
Price spread, last 4 days (all we have)+0.334%+$33 · spread now −0.067%, 7d avg +0.110%
Together, before fees+0.422%+ Points / potential airdropNado: Active · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.177% cheaper against Nado than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.110%). If the spread goes back, that is −$18 on $10k: about 5.1 days of funding at the current rate (+$3 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado AAVE-PERP141.120.0100pay 0.0012% / 1h35m 27s$825K$401K10x
ShortCoinbase International AAVE-PERP-INTX141.020.0216get 0.0027% / 1h35m 27s$751K$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$24.36
Price spread: −0.067% → +0.110%
−$17.7
Slippage, 4 orders
−$21.67
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$32.01
Costs to cover
0.387%
Break-even
16.2 days
Slippage from Nado: live order book, 63 min ago; Coinbase International: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 63 min ago1.06 bp7.8 bp −$816.4 bp −$164doesn't fitdoesn't fit
Sell Coinbase International live order book, 3 min ago3.89 bp11.5 bp −$1116.7 bp −$167doesn't fitdoesn't fit

AAVE on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAVE_USDC-PERPETUAL−0.0033%1h141.11−0.004%$213K$392K50xas long as short
dYdX AAVE-USD0.0000%1h141.10−0.008%$102K$4K10xas long as short
Kalshi KXAAVEPERP0.0000%8h141.11−0.004%$53K$1.4M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h141.09−0.016%$78K150xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−2.944%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h141.07−0.033%20xas long as short
Orderly PERP_AAVE_USDC+0.0088%8h141.04−0.053%$17K$8K10xas long as short
01 Exchange AAVEUSD+0.0096%1h141.23+0.081%$10K$2K5xas long as short
Phoenix AAVE+0.0096%1h141.12+0.004%$4K$99K10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h141.11−0.004%$13K$4K20xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado AAVE-PERPlong+0.0100%1h141.12long leg$825K$401K10x
Hyperliquid AAVE+0.0100%1h141.22+0.074%$77.1M$37.1M10xas long as short
Aster AAVEUSDT+0.0100%8h141.18+0.045%$1.2M$1.2M50xas long as short
Pacifica AAVE+0.0100%1h141.15+0.025%$329K$391K10xas long as short
Binance AAVEUSDT+0.0100%8h141.14+0.018%$63.4M$191.8M75xas long as short
Bybit AAVEUSDT+0.0100%8h141.12+0.004%$60.9M$69.1M75xas long as short
OKX AAVE-USDT-SWAP+0.0100%8h141.11−0.004%$16.6M$64.8M50xas long as short
Arcus AAVE-USD+0.0100%1h141.23+0.081%$94K$225K10xas long as short
Bulk AAVE-USD+0.0100%1h141.17+0.037%$163K$106K10xas long as short
Gate AAVE_USDT+0.0100%8h141.15+0.025%$8.1M$16.0M75xas long as short
MEXC AAVE_USDT+0.0100%8h141.13+0.011%$22.7M$24.1M200xas long as short
KuCoin AAVEUSDTM+0.0100%8h141.11−0.004%$10.2M$9.5M75xas long as short
Bitget AAVEUSDT+0.0100%8h141.10−0.011%$28.7M$17.9M75xas long as short
BingX AAVE-USDC+0.0100%8h141.14+0.018%$6.5Mas long as short
Variational Omni AAVE+0.0100%8h141.05−0.045%$3.7M$1.2Mas long as short
edgeX AAVEUSDC+0.0100%4h141.14+0.019%$109K$282K20xas long as short
GRVT AAVE_USDT_Perp+0.0100%8h141.19+0.053%$451K$3.5M10xas long as short
ApeX Omni AAVEUSDT+0.0100%1h141.32+0.145%$131K$220K50xas long as short
Polymarket Perps AAVE-USD+0.0100%1h141.22+0.074%$134K$474K10xas long as short
SunX AAVE-USDT+0.0100%8h140.99−0.092%$2K$1.3M20xas long as short
SoDEX AAVE-USD+0.0100%1h141.09−0.018%$5K$299K10xas long as short
HTX AAVE-USDT+0.0100%8h141.01−0.071%$663K$5.3M75xas long as short
Phemex AAVEUSDT+0.0100%8h141.11−0.004%$3.9M$3.6M50xas long as short
Extended AAVE-USD+0.0104%1h141.11−0.002%$906K$1.8M50xas long as short
Aevo AAVE-PERP+0.0104%1h141.10−0.012%$119K$14610xas long as short
Backpack AAVE_USDC_PERP+0.0174%1h141.27+0.110%$384K$732K10xas long as short
Lighter AAVE+0.0176%1h141.34+0.162%$4.5M$2.5M10xas long as short
Coinbase International AAVE-PERP-INTXshort+0.0216%1h141.02−0.067%$751K$2.7M50x
BloFin AAVE-USDT+0.0220%8h141.21+0.067%$3.3M$3.5M100xas long as short
RISEx AAVE/USDC+0.0223%1h141.22+0.074%$171K$299K10xas long as short
Kraken Futures PF_AAVEUSD+0.0249%1h141.18+0.048%$3.4M$2.1M50xas long as short
GMX AAVE/USD [AAVE-USDC]L +0.0252% / S −0.0360%1h141.06−0.037%$110K100xas long as short