Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0324%/8h= +35.5% APRnext payment +$0.41 per $10,000 · paid last 24h —

Price spread now: GMX against Reya+0.049%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 GMX

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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and GMX is 0.049% dearer against Reya than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	144.86	0.0044	pay 0.0006% / 1h	24m 34s	—	—	20x
Short	GMX AAVE/USD [AAVE-USDC]	144.93	L +0.0240% / S −0.0368%	get 0.0046% / 1h	24m 34s	$125K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.049%Rate

Funding earned: $68.09
Price spread: +0.049% → 0.000%: $4.87
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: $54.96
Costs to cover: 0.180%
Break-even: 1.4 days

Slippage unknown: Reya: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Reya and GMX: 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 41 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	−0.0056%	1h	144.89	+0.023%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	145.01	+0.108%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.90	+0.028%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.85	−0.005%	$71K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.91	+0.036%	$251K	$358K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.89	+0.025%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.65	−0.143%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.452%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	144.86	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.91	+0.036%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0057%	8h	144.90	+0.030%	$27.0M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0059%	8h	144.85	−0.004%	$65.4M	$184.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0076%	8h	144.75	−0.074%	$17.4M	$65.5M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.89	+0.026%	$196K	$227K	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.15	+0.203%	$4.7M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.92	+0.047%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.86	+0.001%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.86	+0.002%	$806K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.05	+0.133%	$78.6M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.97	+0.080%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.96	+0.068%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.79	−0.046%	$61.9M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.87	+0.009%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	−0.286%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.87	+0.009%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.99	+0.092%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.81	−0.033%	$30.1M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.89	+0.023%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.97	+0.078%	$323K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.74	−0.080%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.51	−0.237%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.54	−0.220%	$463K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.39	−0.323%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.91	+0.036%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.91	+0.033%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.90	+0.030%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.03	+0.121%	$703K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.93	+0.050%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.78	−0.052%	$922K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]short	L +0.0240% / S −0.0368%	1h	144.93	+0.049%	$125K	—	100x
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.56	−0.205%	$775K	$2.8M	50x	as long as short