Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.06 per $10,000 · paid last 24h —

Price spread now: dYdX against Reya+0.108%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 dYdX

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

The price spread pays, funding is against you. dYdX is 0.108% dearer against Reya than usual: you sell high and buy low (spread +0.108% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	145.80	0.0044	pay 0.0006% / 1h	59m 23s	—	—	20x
Short	dYdX AAVE-USD	145.96	0	get 0.0000% / 1h	59m 23s	$104K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.108%Rate

Funding earned: −$9.27
Price spread: +0.108% → 0.000%: $10.83
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$14.44
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; dYdX: 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 dYdX live order book, 14 min ago	67.60 bp	78.8 bp −$79	198.6 bp −$1,986	210.6 bp −$21.1K	221.1 bp −$110.5K

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	145.91	+0.073%	$3.5M	$2.1M	50x	as long as short
SoDEX AAVE-USD	−0.0045%	1h	145.78	−0.017%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.80	−0.003%	$5K	$98K	10x	as long as short
01 Exchange AAVEUSD	−0.0024%	1h	145.76	−0.031%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	145.81	+0.004%	$255K	$391K	50x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	145.96	+0.108%	$104K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	145.90	+0.065%	$78K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.84	+0.021%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0027%	8h	145.78	−0.017%	$29.5M	$25.5M	200x	as long as short
Binance AAVEUSDT	+0.0027%	8h	145.77	−0.023%	$66.2M	$187.9M	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	−6.066%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	145.80	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.75	−0.037%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0065%	8h	145.77	−0.024%	$17.8M	$67.6M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	145.81	+0.004%	$7.9M	$15.1M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.83	+0.021%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.92	+0.078%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.79	−0.011%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.78	−0.020%	$801K	$446K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.94	+0.093%	$80.2M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.79	−0.009%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.81	+0.004%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.78	−0.017%	$62.2M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.77	−0.024%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.59	−0.149%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.82	+0.011%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.76	−0.031%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.79	−0.010%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.96	+0.107%	$348K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.88	+0.049%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.86	+0.040%	$105K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.91	+0.073%	$467K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.87	+0.045%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.88	+0.052%	$128K	$455K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.72	−0.061%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.95	+0.097%	$690K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.87	+0.045%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.74	−0.043%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.77	−0.022%	$185K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0111%	8h	145.90	+0.065%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.83	+0.020%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.81	+0.004%	$794K	$3.0M	50x	as long as short