Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h —

Price spread now: GRVT against Reya+0.022%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 GRVT

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 · GRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.022% dearer against Reya than usual: you sell high and buy low: +$2 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	146.43	0.0044	pay 0.0006% / 1h	13m 22s	—	—	20x
Short	GRVT AAVE_USDT_Perp	146.46	0.0100	get 0.0100% / 8h	7h 13m	$466K	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.022%Rate

Funding earned: $11.73
Price spread: +0.022% → 0.000%: $2.21
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$1.06
Costs to cover: 0.150%
Break-even: 7.6 days

Slippage unknown: Reya: no order-book sample; GRVT: live order book, 6 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 GRVT live order book, 6 min ago	0.34 bp	10.2 bp −$10	18.0 bp −$180	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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.61	+0.124%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0152%	1h	146.29	−0.094%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0075%	1h	146.48	+0.036%	$5K	$295K	10x	as long as short
Phemex AAVEUSDT	−0.0062%	8h	146.50	+0.049%	$4.2M	$3.8M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.44	+0.006%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.47	+0.029%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.55	+0.084%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.57	+0.097%	$256K	$367K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.58	+0.104%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0023%	8h	146.48	+0.036%	$28.8M	$25.9M	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	+0.0024%	8h	146.54	+0.079%	$66.4M	$183.4M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.466%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	146.43	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.52	+0.063%	$18K	$10K	10x	as long as short
ApeX Omni AAVEUSDT	+0.0046%	1h	146.45	+0.015%	$136K	$231K	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0064%	8h	146.54	+0.077%	$17.9M	$66.4M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.47	+0.032%	$124K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0093%	8h	146.39	−0.026%	$3.5M	$3.5M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.52	+0.064%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.36	−0.046%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.44	+0.008%	$801K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.56	+0.090%	$79.9M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.42	−0.005%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.42	−0.007%	$334K	$503K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.53	+0.070%	$62.7M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.39	−0.026%	$46K	$270K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.438%	$59K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	146.54	+0.077%	$7.9M	$15.3M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.49	+0.043%	$11.1M	$9.0M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.51	+0.056%	$30.4M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	146.51	+0.056%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.55	+0.084%	$332K	$736K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.27	−0.106%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.39	−0.023%	$106K	$319K	20x	as long as short
GRVT AAVE_USDT_Perpshort	+0.0100%	8h	146.46	+0.022%	$466K	$3.7M	10x
Polymarket Perps AAVE-USD	+0.0100%	1h	146.54	+0.077%	$127K	$416K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.44	+0.011%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.82	+0.267%	$714K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.50	+0.052%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.42	−0.007%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0373%	1h	146.58	+0.102%	$130K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.42	−0.005%	$785K	$2.9M	50x	as long as short