Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: KuCoin against Nado+0.041%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−$470.471% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)−0.199%−$20 · spread now +0.041%, 7d avg +0.024%

Together, before fees−0.227%+ Points / potential airdropNado: Active · farm board−$23 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	145.99	0.0100	pay 0.0012% / 1h	43m 46s	$808K	$439K	10x
Short	KuCoin AAVEUSDTM	146.05	0.0100	get 0.0100% / 8h	43m 46s	$10.0M	$8.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.024%: $1.69
Slippage, 4 orders: −$28.11
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$45.41
Costs to cover: 0.471%
Break-even: 4665729976290575.0 days

Slippage from Nado: live order book, 34 min ago; KuCoin: live order book, 5 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, 34 min ago	1.38 bp	7.4 bp −$7	19.8 bp −$198	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.03 bp	16.4 bp −$16	33.5 bp −$335	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
Phoenix AAVE	−0.0027%	1h	146.19	+0.137%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.05	+0.041%	$255K	$406K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.08	+0.062%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.97	−0.014%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.12	+0.092%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.06	+0.051%	$71K	—	150x	as long as short
SoDEX AAVE-USD	+0.0010%	1h	146.02	+0.021%	$5K	$298K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.185%	$422	$51K	12x	as long as short
01 Exchange AAVEUSD	+0.0040%	1h	146.07	+0.055%	$11K	$2K	5x	as long as short
MEXC AAVE_USDT	+0.0044%	8h	146.01	+0.014%	$30.7M	$25.7M	200x	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	145.98	−0.006%	—	—	20x	as long as short
Binance AAVEUSDT	+0.0045%	8h	146.02	+0.021%	$66.5M	$185.6M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.00	+0.007%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	145.99	0.000%	$17.8M	$67.5M	50x	as long as short
Gate AAVE_USDT	+0.0079%	8h	146.06	+0.048%	$7.8M	$15.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	146.24	+0.171%	$4.7M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	146.06	+0.049%	$123K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.04	+0.031%	$14K	$4K	20x	as long as short
Nado AAVE-PERPlong	+0.0100%	1h	145.99	long leg	$808K	$439K	10x
Aster AAVEUSDT	+0.0100%	8h	146.10	+0.076%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.06	+0.051%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.05	+0.041%	$62.3M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.04	+0.034%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.344%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	146.05	+0.041%	$10.0M	$8.6M	75x
Bitget AAVEUSDT	+0.0100%	8h	145.98	−0.007%	$30.5M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.02	+0.021%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.22	+0.155%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.29	+0.203%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.32	+0.226%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.94	−0.034%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.07	+0.055%	$128K	$456K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.05	+0.042%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.32	+0.223%	$701K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.00	+0.007%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.97	−0.011%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.07	+0.052%	$186K	$246K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0138%	1h	146.16	+0.116%	$359K	$737K	10x	as long as short
Hyperliquid AAVE	+0.0155%	1h	146.22	+0.158%	$80.7M	$34.6M	10x	as long as short
BloFin AAVE-USDT	+0.0165%	8h	145.98	−0.007%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.06	+0.051%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.09	+0.068%	$787K	$3.0M	50x	as long as short