Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h —

Price spread now: Binance against Reya−0.042%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Binance

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

Funding pays, the price is against you. Binance is 0.042% cheaper against Reya than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	143.48	0.0044	pay 0.0006% / 1h	41m 13s	—	—	20x
Short	Binance AAVEUSDT	143.42	0.0100	get 0.0100% / 8h	5h 41m	$64.3M	$183.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.042%Rate

Funding earned: $11.73
Price spread: −0.042% → 0.000%: −$4.22
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.49
Costs to cover: 0.160%
Break-even: 12.1 days

Slippage unknown: Reya: no order-book sample; Binance: live order book, 2 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 Binance live order book, 2 min ago	0.35 bp	8.9 bp −$9	17.6 bp −$176	53.1 bp −$5,312	151.2 bp −$75.6K

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
01 Exchange AAVEUSD	−0.0064%	1h	143.48	−0.003%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0029%	1h	143.40	−0.059%	$238K	$377K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.47	−0.010%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.47	−0.010%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.53	+0.033%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.547%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.42	−0.045%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	143.48	long leg	—	—	20x
Phoenix AAVE	+0.0089%	1h	143.48	−0.003%	$5K	$98K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.63	+0.098%	$4.6M	$1.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0098%	8h	143.41	−0.052%	$17.2M	$63.4M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.46	−0.014%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.50	+0.007%	$832K	$431K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.62	+0.094%	$77.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.61	+0.086%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.45	−0.024%	$327K	$433K	10x	as long as short
Binance AAVEUSDTshort	+0.0100%	8h	143.42	−0.042%	$64.3M	$183.3M	75x
Bybit AAVEUSDT	+0.0100%	8h	143.42	−0.045%	$61.3M	$64.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.55	+0.045%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	+0.050%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.54	+0.038%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.45	−0.024%	$26.0M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.48	−0.003%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.42	−0.045%	$30.1M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.51	+0.018%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.90	+0.289%	$321K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.37	−0.080%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.73	+0.172%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	+0.206%	$456K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.78	+0.206%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.55	+0.045%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.42	−0.045%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.43	−0.038%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.66	+0.119%	$694K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.50	+0.011%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.36	−0.089%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.48	−0.006%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.56	+0.049%	$196K	$231K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.38	−0.073%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.54	+0.036%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.52	+0.023%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.58	+0.066%	$777K	$2.8M	50x	as long as short