Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h —

Price spread now: Gate against Reya+0.224%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 Gate

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. Gate is 0.224% dearer against Reya than usual: you sell high and buy low (spread +0.224% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	145.84	0.0044	pay 0.0006% / 1h	18m 10s	—	—	20x
Short	Gate AAVE_USDT	146.17	0.0013	get 0.0013% / 8h	7h 18m	$7.9M	$15.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.224%Rate

Funding earned: −$6.54
Price spread: +0.224% → 0.000%: $22.44
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$5.1
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	1.36 bp	13.0 bp −$13	28.6 bp −$286	44.6 bp −$4,457	50.3 bp −$25.1K

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	−0.0184%	1h	146.27	+0.290%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0160%	1h	145.81	−0.022%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0096%	1h	146.09	+0.170%	$5K	$305K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.77	−0.049%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.07	+0.156%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.58	+0.506%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.13	+0.197%	$255K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.05	+0.144%	$71K	—	150x	as long as short
Gate AAVE_USDTshort	+0.0013%	8h	146.17	+0.224%	$7.9M	$15.3M	75x
MEXC AAVE_USDT	+0.0021%	8h	146.15	+0.211%	$28.9M	$25.8M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0021%	8h	146.18	+0.228%	$66.2M	$183.5M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.091%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	145.84	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.07	+0.156%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	146.18	+0.231%	$17.9M	$66.3M	50x	as long as short
Phemex AAVEUSDT	+0.0065%	8h	146.24	+0.272%	$4.2M	$3.8M	50x	as long as short
Bybit AAVEUSDT	+0.0068%	8h	146.17	+0.224%	$62.6M	$65.0M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0074%	1h	146.56	+0.492%	$136K	$231K	50x	as long as short
BloFin AAVE-USDT	+0.0085%	8h	146.04	+0.135%	$3.5M	$3.5M	100x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.15	+0.210%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.33	+0.333%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.71	−0.089%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.77	−0.050%	$797K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.30	+0.314%	$79.7M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.93	+0.057%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.82	−0.019%	$333K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.78	−0.043%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.039%	$59K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.09	+0.170%	$10.4M	$9.0M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.15	+0.211%	$30.3M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.17	+0.224%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.28	+0.300%	$334K	$735K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.410%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.46	+0.426%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.48	+0.437%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.91	+0.046%	$127K	$416K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.78	−0.040%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.39	+0.376%	$712K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.06	+0.146%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.82	−0.017%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0364%	1h	146.04	+0.132%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.41	+0.389%	$785K	$2.9M	50x	as long as short