Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h —

Price spread now: Reya against Gate−0.038%7-day average — · you buy dearer than you sell

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

Long on Gate 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Reya is 0.038% cheaper against Gate than usual: you would sell low and buy high (−$4 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	Gate AAVE_USDT	143.31	0.0100	pay 0.0100% / 8h	3h 32m	$8.0M	$16.1M	75x
Short	Reya AAVERUSDPERP	143.25	0.0044	get 0.0006% / 1h	32m 21s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now −0.038%Rate

Funding earned: −$11.73
Price spread: −0.038% → 0.000%: −$3.84
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: −$36.57
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: 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 Gate live order book, 1 min ago	0.35 bp	12.7 bp −$13	28.4 bp −$284	47.4 bp −$4,741	53.6 bp −$26.8K
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
dYdX AAVE-USD	0.0000%	1h	143.27	−0.031%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.25	−0.042%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.34	+0.021%	$219K	$397K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.33	+0.014%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0027%	1h	143.24	−0.049%	$837K	$398K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.431%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.52	+0.147%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	143.25	−0.038%	—	—	20x
Phemex AAVEUSDT	+0.0051%	8h	143.31	0.000%	$4.0M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0056%	8h	143.32	+0.007%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0088%	1h	143.34	+0.021%	$10K	$2K	5x	as long as short
Lighter AAVE	+0.0096%	1h	143.50	+0.134%	$4.5M	$2.2M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.30	−0.007%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.37	+0.039%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.33	+0.014%	$328K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.33	+0.014%	$64.0M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.31	0.000%	$61.6M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.32	+0.007%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.38	+0.049%	$64K	$200K	10x	as long as short
Gate AAVE_USDTlong	+0.0100%	8h	143.31	long leg	$8.0M	$16.1M	75x
MEXC AAVE_USDT	+0.0100%	8h	143.32	+0.007%	$25.7M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.30	−0.007%	$10.4M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.24	−0.049%	$29.2M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.31	0.000%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.26	−0.035%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.33	+0.011%	$104K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.37	+0.039%	$457K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.41	+0.070%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.37	+0.042%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.32	+0.006%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.28	−0.021%	$5K	$309K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.39	+0.054%	$689K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.31	0.000%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.19	−0.084%	$905K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.36	+0.033%	$121K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0105%	1h	143.41	+0.070%	$337K	$720K	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.34	+0.023%	$186K	$252K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.33	+0.014%	$3.3M	$3.6M	100x	as long as short
Hyperliquid AAVE	+0.0241%	1h	143.44	+0.091%	$78.6M	$36.9M	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	143.38	+0.046%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.34	+0.018%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.68	+0.258%	$788K	$2.8M	50x	as long as short