Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: ApeX Omni against Reya+0.313%7-day average — · you sell dearer than you buy

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

Long on Reya Short on ApeX Omni

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 +$2 a day on $10k at the current rate, and ApeX Omni is 0.313% dearer against Reya than usual: you sell high and buy low: +$31 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	Reya AAVERUSDPERP	145.42	0.0044	pay 0.0006% / 1h	57m 26s	—	—	20x
Short	ApeX Omni AAVEUSDT	145.87	0.0100	get 0.0013% / 1h	57m 26s	$136K	$229K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Reya. 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 ReyabpFee ApeX OmnibpOrdersPrice spread, now +0.313%Rate

Funding earned: $11.73
Price spread: +0.313% → 0.000%: $31.29
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $27.02
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 14 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 14 min ago	5.14 bp	13.3 bp −$13	67.4 bp −$674	doesn't fit	doesn't fit

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
Kraken Futures PF_AAVEUSD	−0.0185%	1h	145.42	+0.004%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0096%	1h	145.49	+0.052%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	145.79	+0.258%	$5K	$102K	10x	as long as short
SoDEX AAVE-USD	−0.0020%	1h	145.30	−0.079%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.50	+0.057%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.50	+0.058%	$77K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.39	−0.017%	$254K	$391K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.56	+0.103%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0027%	8h	145.49	+0.052%	$29.4M	$25.5M	200x	as long as short
Binance AAVEUSDT	+0.0027%	8h	145.50	+0.058%	$66.0M	$188.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.814%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	145.42	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.42	+0.003%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0068%	8h	145.45	+0.024%	$17.8M	$67.2M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.58	+0.117%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.57	+0.105%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.40	−0.009%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.35	−0.045%	$795K	$453K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.56	+0.100%	$79.5M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.56	+0.098%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.40	−0.008%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.45	+0.024%	$62.1M	$66.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.50	+0.058%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.52	+0.075%	$61K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	145.53	+0.079%	$7.8M	$15.1M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.40	−0.010%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.41	−0.003%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.49	+0.052%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.52	+0.072%	$347K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.88	+0.317%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.77	+0.243%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.91	+0.341%	$467K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	145.87	+0.313%	$136K	$229K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	145.50	+0.058%	$127K	$455K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.30	−0.082%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.73	+0.215%	$689K	$5.1M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.43	+0.013%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.54	+0.083%	$184K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0109%	8h	145.72	+0.210%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.56	+0.100%	$127K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.53	+0.079%	$778K	$3.1M	50x	as long as short
Phemex AAVEUSDT	+0.0506%	8h	145.51	+0.065%	$4.1M	$3.8M	50x	as long as short