Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h —

Price spread now: Reya against Aster−0.150%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Reya is 0.150% cheaper against Aster than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	142.54	0.0100	pay 0.0100% / 8h	4h 52m	$1.2M	$1.3M	50x
Short	Reya AAVERUSDPERP	142.32	0.0044	get 0.0006% / 1h	52m 29s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aster. 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 AsterbpFee ReyabpOrdersPrice spread, now −0.150%Rate

Funding earned: −$11.73
Price spread: −0.150% → 0.000%: −$14.95
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$40.68
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 1 min ago; Reya: no order-book sample. Net counts fees only.

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 Aster live order book, 1 min ago	3.86 bp	12.1 bp −$12	34.8 bp −$348	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	142.19	−0.242%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0035%	1h	142.57	+0.025%	$5K	$297K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.41	−0.089%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.55	+0.011%	$53K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.59	+0.039%	$224K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.55	+0.012%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.911%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	142.32	−0.150%	—	—	20x
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.56	+0.018%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.67	+0.095%	$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
ApeX Omni AAVEUSDT	+0.0065%	1h	142.29	−0.172%	$132K	$219K	50x	as long as short
Nado AAVE-PERP	+0.0067%	1h	142.23	−0.214%	$833K	$438K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.40	−0.096%	$4.5M	$1.7M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.35	−0.132%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.59	+0.039%	$77.1M	$35.0M	10x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	142.54	long leg	$1.2M	$1.3M	50x
Pacifica AAVE	+0.0100%	1h	142.40	−0.094%	$324K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.32	−0.151%	$63.8M	$183.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.32	−0.151%	$61.1M	$65.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.33	−0.144%	$17.0M	$63.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.23	−0.214%	$44K	$179K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.50	−0.025%	$7.9M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.31	−0.158%	$25.4M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.47	−0.046%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.20	−0.235%	$29.0M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.33	−0.144%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.62	+0.060%	$347K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.65	+0.082%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.46	−0.055%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.15	−0.270%	$449K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.32	−0.151%	$122K	$385K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.50	−0.022%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.64	+0.072%	$686K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.49	−0.032%	$4.0M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.68	+0.099%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.16	−0.262%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.60	+0.044%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.27	−0.183%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.49	−0.032%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0261% / S −0.0408%	1h	142.54	+0.003%	$121K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.62	+0.060%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.200%	$774K	$2.8M	50x	as long as short