Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: HTX against Reya+0.100%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 HTX

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 +$2 a day on $10k at the current rate, and HTX is 0.100% dearer against Reya than usual: you sell high and buy low: +$10 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	145.95	0.0044	pay 0.0006% / 1h	42m 59s	—	—	20x
Short	HTX AAVE-USDT	146.09	0.0100	get 0.0100% / 8h	42m 59s	$699K	$5.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.100%Rate

Funding earned: $11.73
Price spread: +0.100% → 0.000%: $9.95
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: $3.68
Costs to cover: 0.180%
Break-even: 4.8 days

Slippage unknown: Reya: no order-book sample; HTX: live order book, 1 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 HTX live order book, 1 min ago	10.43 bp	24.0 bp −$24	63.7 bp −$637	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
Deribit AAVE_USDC-PERPETUAL	−0.0092%	1h	145.96	+0.009%	$255K	$406K	50x	as long as short
Phoenix AAVE	−0.0027%	1h	146.19	+0.167%	$5K	$99K	10x	as long as short
SoDEX AAVE-USD	−0.0017%	1h	145.89	−0.039%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.08	+0.092%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.15	+0.139%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.00	+0.039%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.04	+0.067%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0032%	1h	146.02	+0.050%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.158%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0044%	8h	145.90	−0.032%	$30.6M	$25.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERPlong	+0.0044%	1h	145.95	long leg	—	—	20x
Binance AAVEUSDT	+0.0045%	8h	145.91	−0.025%	$66.4M	$185.7M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	145.93	−0.011%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	145.92	−0.018%	$17.8M	$67.4M	50x	as long as short
Gate AAVE_USDT	+0.0079%	8h	145.93	−0.011%	$7.9M	$15.8M	75x	as long as short
Lighter AAVE	+0.0096%	1h	146.14	+0.134%	$4.7M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	145.99	+0.028%	$123K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.04	+0.061%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.99	+0.030%	$807K	$439K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.97	+0.016%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.06	+0.080%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.94	−0.005%	$62.3M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.04	+0.064%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.374%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.95	+0.002%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.90	−0.032%	$30.5M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.93	−0.011%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.22	+0.185%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.06	+0.080%	$105K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	+0.059%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.08	+0.091%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.06	+0.078%	$127K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.96	+0.011%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	146.09	+0.100%	$699K	$5.0M	75x
Phemex AAVEUSDT	+0.0100%	8h	145.95	+0.002%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.89	−0.036%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.06	+0.075%	$186K	$246K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0130%	1h	146.04	+0.064%	$359K	$737K	10x	as long as short
Hyperliquid AAVE	+0.0145%	1h	146.13	+0.126%	$80.6M	$34.6M	10x	as long as short
BloFin AAVE-USDT	+0.0165%	8h	145.97	+0.016%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.03	+0.059%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.23	+0.194%	$789K	$3.0M	50x	as long as short