Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h —

Price spread now: Bitget against Reya−0.147%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 Bitget

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. Bitget is 0.147% cheaper against Reya than usual: you would sell low and buy high (spread −0.147% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 8.8 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	145.33	0.0044	pay 0.0006% / 1h	52m 45s	—	—	20x
Short	Bitget AAVEUSDT	145.12	0.0100	get 0.0100% / 8h	2h 52m	$29.8M	$17.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.147%Rate

Funding earned: $11.73
Price spread: −0.147% → 0.000%: −$14.67
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$20.94
Costs to cover: 0.180%
Break-even: 19.5 days

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	0.69 bp	10.7 bp −$11	18.2 bp −$182	48.2 bp −$4,815	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
SoDEX AAVE-USD	−0.0193%	1h	145.16	−0.119%	$5K	$308K	10x	as long as short
01 Exchange AAVEUSD	−0.0176%	1h	145.35	+0.012%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0163%	1h	145.27	−0.044%	$247K	$477K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0108%	1h	145.30	−0.023%	$135K	$229K	50x	as long as short
Phoenix AAVE	−0.0044%	1h	145.35	+0.012%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.31	−0.016%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.13	−0.140%	$63K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.36	+0.017%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.32	−0.011%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.761%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERPlong	+0.0044%	1h	145.33	long leg	—	—	20x
OKX AAVE-USDT-SWAP	+0.0052%	8h	145.11	−0.154%	$17.7M	$65.3M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0060%	8h	145.20	−0.092%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0079%	8h	145.15	−0.126%	$7.8M	$15.5M	75x	as long as short
Binance AAVEUSDT	+0.0081%	8h	145.11	−0.152%	$66.0M	$181.0M	75x	as long as short
MEXC AAVE_USDT	+0.0082%	8h	145.08	−0.174%	$32.3M	$26.0M	200x	as long as short
Lighter AAVE	+0.0096%	1h	145.33	−0.003%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.39	+0.036%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.26	−0.053%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.32	−0.006%	$815K	$440K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.31	−0.016%	$81.3M	$32.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.16	−0.119%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.26	−0.050%	$330K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.16	−0.119%	$62.0M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.33	−0.002%	$51K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.24	+0.627%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.16	−0.119%	$10.0M	$8.5M	75x	as long as short
Bitget AAVEUSDTshort	+0.0100%	8h	145.12	−0.147%	$29.8M	$17.8M	75x
BingX AAVE-USDC	+0.0100%	8h	145.16	−0.119%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.26	−0.050%	$346K	$684K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.36	+0.021%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.47	+0.091%	$101K	$312K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.67	+0.230%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.40	+0.046%	$127K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.16	−0.118%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.44	+0.070%	$740K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.26	−0.050%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.15	−0.126%	$941K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.96	−0.257%	$122K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0202%	8h	145.31	−0.016%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.41	+0.053%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.37	+0.024%	$125K	—	100x	as long as short