Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h —

Price spread now: Reya against Paradex+0.007%47s7-day average — · you sell dearer than you buy

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

Long on Paradex 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 airdropParadex: Active · Reya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AAVE-USD-PERP	142.36	0.0100	pay 0.0100% / 8h	1h 06m	$13K	$4K	20x
Short	Reya AAVERUSDPERP	142.37	0.0044	get 0.0006% / 1h	6m 45s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Paradex. 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 ParadexbpFee ReyabpOrdersPrice spread, now +0.007%Rate

Funding earned: −$11.73
Price spread: +0.007% → 0.000%: $0.7
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: −$21.03
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Paradex and 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	142.43	+0.049%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.43	+0.051%	$50K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.46	+0.072%	$216K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.46	+0.073%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.792%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	142.37	+0.007%	—	—	20x
Nado AAVE-PERP	+0.0070%	1h	142.37	+0.009%	$829K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.43	+0.051%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.48	+0.086%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.56	+0.146%	$4.5M	$2.5M	10x	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-PERPlong	+0.0100%	8h	142.36	long leg	$13K	$4K	20x
Aster AAVEUSDT	+0.0100%	8h	142.45	+0.064%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.42	+0.047%	$325K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.39	+0.023%	$64.0M	$188.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.37	+0.009%	$61.5M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.38	+0.016%	$17.0M	$64.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.48	+0.086%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	−0.005%	$161K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.42	+0.044%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.41	+0.037%	$24.4M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.43	+0.051%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.34	−0.012%	$29.1M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.37	+0.009%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.30	−0.041%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.14	−0.155%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.20	−0.111%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.13	−0.160%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.48	+0.086%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.29	−0.045%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.46	+0.072%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.61	+0.177%	$675K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.44	+0.058%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.37	+0.006%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.47	+0.079%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	142.39	+0.023%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0163%	1h	142.60	+0.170%	$391K	$727K	10x	as long as short
Hyperliquid AAVE	+0.0167%	1h	142.55	+0.135%	$77.9M	$36.9M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.43	+0.051%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.48	+0.083%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.45	+0.063%	$189K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	−0.048%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.56	+0.140%	$3.4M	$2.1M	50x	as long as short