Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.004%

Price spread now: Nado against SunX−0.029%7-day average −0.023% · 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−$147as in the Price arb table

costs, in and out, $10k−$1471.466% of the position

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.029%, 7d avg −0.023%

Together, before fees−0.077%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AAVE-USDT	143.14	0.0100	pay 0.0100% / 8h	2h 34m	$1K	$1.3M	20x
Short	Nado AAVE-PERP	143.10	−0.0004	pay 0.0001% / 1h	34m 56s	$833K	$401K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now −0.029%Rate

Funding earned: −$21.89
Price spread: −0.029% → −0.023%: −$0.6
Slippage, 4 orders: −$131.6
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$169.09
Costs to cover: 1.466%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Nado: live order book, 13 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 SunX live order book, 9 min ago	44.89 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 13 min ago	1.05 bp	6.7 bp −$7	13.4 bp −$134	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
Nado AAVE-PERPshort	−0.0004%	1h	143.10	−0.029%	$833K	$401K	10x
dYdX AAVE-USD	0.0000%	1h	143.08	−0.043%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.06	−0.057%	$55K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.20	+0.041%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.22	+0.052%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.319%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.20	+0.043%	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0055%	8h	143.19	+0.034%	$4.0M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0066%	8h	143.23	+0.061%	$18K	$10K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	143.22	+0.054%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	143.15	+0.009%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.84	−0.209%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.18	+0.027%	$328K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.75	−0.274%	$63.7M	$189.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.67	−0.330%	$61.2M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.61	−0.372%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.25	+0.075%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.52	−0.433%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.79	−0.246%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.78	−0.253%	$25.3M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.80	−0.239%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.83	−0.218%	$29.2M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.78	−0.253%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.78	−0.251%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.65	−0.345%	$105K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.72	−0.295%	$447K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.73	−0.288%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.28	+0.096%	$135K	$460K	10x	as long as short
SunX AAVE-USDTlong	+0.0100%	8h	143.14	long leg	$1K	$1.3M	20x
SoDEX AAVE-USD	+0.0100%	1h	143.17	+0.020%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.55	+0.282%	$686K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.73	−0.286%	$905K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.25	+0.073%	$121K	$146	10x	as long as short
Hyperliquid AAVE	+0.0114%	1h	143.10	−0.029%	$78.2M	$37.1M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.58	−0.393%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0152%	1h	143.17	+0.020%	$336K	$728K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.21	+0.048%	$188K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.22	+0.054%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0236%	1h	143.26	+0.080%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.21	+0.046%	$112K	—	100x	as long as short
Lighter AAVE	+0.0312%	1h	143.37	+0.156%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.23	+0.061%	$778K	$2.9M	50x	as long as short