Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0213%/8h= +23.3% APRnext payment +$0.27 per $10,000 · paid last 24h —

Price spread now: Reya against Deribit+0.064%7-day average — · you sell dearer than you buy

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

Long on Deribit 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 airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Reya is 0.064% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	143.15	−0.0169	get 0.0021% / 1h	59m 13s	$220K	$401K	50x
Short	Reya AAVERUSDPERP	143.24	0.0044	get 0.0006% / 1h	59m 13s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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 DeribitbpFee ReyabpOrdersPrice spread, now +0.064%Rate

Funding earned: $44.76
Price spread: +0.064% → 0.000%: $6.41
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $38.17
Costs to cover: 0.130%
Break-even: 1.0 days

Slippage unknown: Deribit: live order book, 55 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 Deribit live order book, 55 min ago	5.26 bp	11.5 bp −$12	doesn't fit	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
SoDEX AAVE-USD	−0.0195%	1h	143.15	0.000%	$5K	$302K	10x	as long as short
Deribit AAVE_USDC-PERPETUALlong	−0.0169%	1h	143.15	long leg	$220K	$401K	50x
dYdX AAVE-USD	0.0000%	1h	143.37	+0.151%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.28	+0.091%	$56K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.23	+0.057%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.324%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	143.24	+0.064%	—	—	20x
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.20	+0.035%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.24	+0.063%	$4K	$102K	10x	as long as short
Phemex AAVEUSDT	+0.0069%	8h	143.19	+0.028%	$4.0M	$3.7M	50x	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	143.27	+0.084%	$4.6M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.46	+0.218%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.32	+0.122%	$843K	$442K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.41	+0.183%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.42	+0.189%	$328K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.18	+0.021%	$63.9M	$187.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.16	+0.007%	$61.5M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.13	−0.014%	$17.1M	$64.2M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.51	+0.251%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.433%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.24	+0.063%	$8.1M	$15.8M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.20	+0.035%	$25.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.18	+0.021%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.16	+0.007%	$29.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.23	+0.056%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.32	+0.119%	$336K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.26	+0.077%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.20	+0.037%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.03	−0.086%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.03	−0.084%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.39	+0.168%	$137K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.22	+0.047%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.59	+0.305%	$691K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.13	−0.014%	$902K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	143.45	+0.210%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.21	+0.045%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.47	+0.223%	$183K	$249K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.17	+0.014%	$3.3M	$3.6M	100x	as long as short
Hyperliquid AAVE	+0.0239%	1h	143.42	+0.189%	$78.5M	$36.5M	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	143.22	+0.049%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.24	+0.065%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.50	+0.244%	$796K	$2.8M	50x	as long as short