Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h —

Price spread now: gTrade (Gains Network) against Reya+0.087%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 gTrade (Gains Network)

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. gTrade (Gains Network) is 0.087% dearer against Reya than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	141.31	0.0044	pay 0.0006% / 1h	10m 22s	—	—	20x
Short	gTrade (Gains Network) AAVE/USD	141.43	L +0.0005% / S −0.0004%	get 0.0000% / 1h	10m 22s	$79K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.087%Rate

Funding earned: −$8.46
Price spread: +0.087% → 0.000%: $8.72
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$15.74
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): no order-book sample. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Reya and gTrade (Gains Network): 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 exchanges

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	−0.0134%	1h	141.43	+0.087%	$7K	$198K	10x	as long as short
01 Exchange AAVEUSD	−0.0088%	1h	141.38	+0.052%	$10K	$370	5x	as long as short
Bybit AAVEUSDT	−0.0003%	8h	141.34	+0.023%	$61.8M	$58.5M	75x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.42	+0.083%	$102K	$6K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.37	+0.045%	$47K	$1.3M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.45	+0.101%	$210K	$307K	50x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	141.43	+0.087%	$79K	—	150x
Phemex AAVEUSDT	+0.0016%	8h	141.39	+0.059%	$3.9M	$3.6M	50x	as long as short
Variational Omni AAVE	+0.0032%	8h	141.33	+0.014%	$3.6M	$737K	—	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.076%	$422	$51K	12x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERPlong	+0.0044%	1h	141.31	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0078%	8h	141.35	+0.031%	$17K	$2K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0089%	8h	141.36	+0.038%	$16.1M	$51.7M	50x	as long as short
Lighter AAVE	+0.0096%	1h	141.59	+0.203%	$4.6M	$2.2M	10x	as long as short
Phoenix AAVE	+0.0097%	1h	141.66	+0.250%	$4K	$81K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.34	+0.026%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.30	−0.001%	$822K	$312K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.52	+0.151%	$77.7M	$27.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.40	+0.066%	$1.2M	$1.0M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.41	+0.073%	$319K	$363K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.37	+0.046%	$63.9M	$157.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.51	+0.144%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.42	+0.080%	$8.2M	$13.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.36	+0.038%	$22.7M	$21.6M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.42	+0.080%	$10.4M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.34	+0.023%	$29.2M	$15.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.36	+0.038%	—	$34.6M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.52	+0.150%	$109K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.59	+0.202%	$448K	$3.0M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.58	+0.193%	$152K	$232K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.43	+0.087%	$133K	$370K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.36	+0.040%	$2K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.53	+0.160%	$636K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.53	+0.161%	$113K	$69K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.31	+0.001%	$911K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.45	+0.101%	$119K	—	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0112%	1h	141.55	+0.172%	$385K	$584K	10x	as long as short
RISEx AAVE/USDC	+0.0175%	1h	141.44	+0.094%	$171K	$228K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.43	+0.087%	$3.2M	$3.2M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0255% / S −0.0365%	1h	141.42	+0.081%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	141.68	+0.264%	$759K	$2.1M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0333%	1h	141.54	+0.168%	$3.5M	$1.7M	50x	as long as short