Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0223%/8h= +24.4% APRnext payment +$0.28 per $10,000 · paid last 24h —

Price spread now: Kraken Futures against Reya+0.093%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 Kraken Futures

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 +$7 a day on $10k at the current rate, and Kraken Futures is 0.093% dearer against Reya than usual: you sell high and buy low: +$9 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	143.95	0.0044	pay 0.0006% / 1h	32m 51s	—	—	20x
Short	Kraken Futures PF_AAVEUSD	144.08	0.0267	get 0.0033% / 1h	32m 51s	$3.5M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.093%Rate

Funding earned: $46.75
Price spread: +0.093% → 0.000%: $9.33
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $40.08
Costs to cover: 0.160%
Break-even: 1.0 days

Slippage unknown: Reya: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 1 min ago	7.64 bp	15.4 bp −$15	23.4 bp −$234	141.6 bp −$14.2K	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
01 Exchange AAVEUSD	−0.0064%	1h	143.94	−0.007%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.86	−0.061%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.90	−0.035%	$60K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.99	+0.028%	$228K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.99	+0.028%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.856%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.98	+0.021%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	143.95	long leg	—	—	20x
Nado AAVE-PERP	+0.0055%	1h	143.97	+0.014%	$834K	$432K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.92	−0.021%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.20	+0.176%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.95	+0.003%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.13	+0.125%	$78.0M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.09	+0.101%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.97	+0.014%	$328K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.00	+0.036%	$64.5M	$182.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.02	+0.049%	$61.5M	$64.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.02	+0.049%	$17.2M	$63.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.98	+0.021%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.90	−0.035%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.04	+0.062%	$7.9M	$15.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	144.01	+0.042%	$26.0M	$23.6M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.07	+0.083%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.99	+0.028%	$30.2M	$17.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.01	+0.042%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.12	+0.118%	$321K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.76	−0.134%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.84	−0.076%	$104K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.91	−0.026%	$453K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.97	+0.014%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.00	+0.035%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.97	+0.014%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.01	+0.042%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.05	+0.069%	$695K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.99	+0.028%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.95	+0.003%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.00	+0.037%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.01	+0.039%	$188K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.00	+0.035%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.00	+0.032%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0267%	1h	144.08	+0.093%	$3.5M	$2.1M	50x
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.04	+0.062%	$779K	$2.8M	50x	as long as short