Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h —

Price spread now: Reya against Polymarket Perps−0.054%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps 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 0.054% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 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	Polymarket Perps AAVE-USD	144.24	0.0100	pay 0.0013% / 1h	50m 42s	$125K	$417K	10x
Short	Reya AAVERUSDPERP	144.16	0.0044	get 0.0006% / 1h	50m 42s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Polymarket Perps. 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 Polymarket PerpsbpFee ReyabpOrdersPrice spread, now −0.054%Rate

Funding earned: −$11.73
Price spread: −0.054% → 0.000%: −$5.36
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$31.09
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 17 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 Polymarket Perps live order book, 17 min ago	3.08 bp	9.1 bp −$9	9.6 bp −$96	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
Deribit AAVE_USDC-PERPETUAL	−0.0305%	1h	144.18	−0.042%	$250K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	144.21	−0.021%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0050%	1h	143.99	−0.173%	$134K	$230K	50x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.35	+0.077%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.34	+0.069%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.18	−0.042%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.27	+0.019%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.22	−0.014%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.047%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	144.44	+0.139%	$27.6M	$24.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0037%	8h	144.45	+0.146%	$65.2M	$185.4M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0043%	8h	144.23	−0.007%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	144.16	−0.054%	—	—	20x
SoDEX AAVE-USD	+0.0046%	1h	144.24	0.000%	$5K	$302K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	144.44	+0.139%	$17.5M	$66.2M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.25	+0.003%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.27	+0.020%	$183K	$245K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.61	+0.256%	$4.6M	$1.4M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.46	+0.154%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.10	−0.097%	$798K	$427K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.46	+0.153%	$78.5M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.35	+0.075%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.43	+0.129%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.43	+0.132%	$61.8M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.47	+0.159%	$45K	$236K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.56	+0.222%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.35	+0.076%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.49	+0.173%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.37	+0.090%	$29.9M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.44	+0.139%	—	$44.2M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.36	+0.083%	$327K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.23	−0.005%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.86	−0.262%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.95	−0.203%	$455K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	144.24	long leg	$125K	$417K	10x
SunX AAVE-USDT	+0.0100%	8h	144.22	−0.015%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.59	+0.244%	$702K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.30	+0.042%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.31	+0.047%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0144%	8h	144.16	−0.055%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.27	+0.024%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	+0.035%	$774K	$2.8M	50x	as long as short