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: edgeX against Reya+0.273%65s7-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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.273% dearer against Reya than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	143.13	0.0044	pay 0.0006% / 1h	38m 13s	—	—	20x
Short	edgeX AAVEUSDC	143.52	0.0100	get 0.0050% / 4h	1h 38m	$103K	$277K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.273%Rate

Funding earned: $11.73
Price spread: +0.273% → 0.000%: $27.29
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $24.02
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; edgeX: live order book, 25 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 edgeX live order book, 25 min ago	3.46 bp	8.1 bp −$8	11.4 bp −$114	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
01 Exchange AAVEUSD	−0.0064%	1h	143.20	+0.052%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0029%	1h	143.13	+0.003%	$238K	$378K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.22	+0.068%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.16	+0.024%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.18	+0.040%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.308%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.12	−0.004%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	143.13	long leg	—	—	20x
Nado AAVE-PERP	+0.0088%	1h	143.13	0.000%	$830K	$431K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.55	+0.297%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.31	+0.128%	$4.6M	$1.5M	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0098%	8h	143.03	−0.067%	$17.1M	$63.2M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.28	+0.110%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.26	+0.094%	$77.5M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.15	+0.017%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.32	+0.133%	$327K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.05	−0.052%	$64.1M	$182.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.06	−0.046%	$61.2M	$64.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.25	+0.087%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.56	+0.301%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.23	+0.073%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.07	−0.039%	$25.8M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.22	+0.066%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.08	−0.032%	$30.0M	$17.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.04	−0.060%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.12	−0.004%	$319K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.49	+0.253%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	143.52	+0.273%	$103K	$277K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.78	+0.457%	$456K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.78	+0.457%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.15	+0.017%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.13	+0.005%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.14	+0.010%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.24	+0.077%	$692K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.07	−0.039%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.10	−0.017%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.16	+0.027%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.27	+0.099%	$189K	$234K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.11	−0.011%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.17	+0.029%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0268%	1h	143.21	+0.062%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.47	+0.241%	$776K	$2.8M	50x	as long as short