Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h —

Price spread now: MEXC against Reya+0.026%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 MEXC

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 MEXC is 0.026% dearer against Reya than usual: you sell high and buy low: +$3 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	141.10	0.0044	pay 0.0006% / 1h	55m 13s	—	—	20x
Short	MEXC AAVE_USDT	141.14	0.0100	get 0.0100% / 8h	7h 55m	$22.8M	$24.1M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.026%Rate

Funding earned: $11.73
Price spread: +0.026% → 0.000%: $2.64
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: $8.37
Costs to cover: 0.060%
Break-even: 2.0 days

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.35 bp	2.1 bp −$2	6.6 bp −$66	35.2 bp −$3,518	127.8 bp −$63.9K

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
dYdX AAVE-USD	0.0000%	1h	141.09	−0.010%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.13	+0.019%	$46K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.15	+0.033%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.17	+0.050%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.936%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	141.10	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0085%	8h	141.11	+0.005%	$17K	$8K	10x	as long as short
SoDEX AAVE-USD	+0.0089%	1h	141.17	+0.048%	$5K	$298K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0098%	8h	141.43	+0.231%	$452K	$3.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.03	−0.051%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	141.06	−0.029%	$825K	$400K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.27	+0.119%	$77.1M	$37.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.23	+0.089%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.08	−0.016%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.18	+0.055%	$63.5M	$192.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.25	+0.104%	$60.8M	$69.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.09	−0.009%	$16.6M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.24	+0.097%	$91K	$221K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.56	+0.327%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.17	+0.048%	$8.1M	$15.8M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	141.14	+0.026%	$22.8M	$24.1M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	141.15	+0.033%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.11	+0.005%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.15	+0.033%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.23	+0.091%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.52	+0.293%	$109K	$282K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.41	+0.218%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.17	+0.048%	$134K	$484K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.17	+0.050%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.37	+0.189%	$666K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.26	+0.111%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.07	−0.023%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.15	+0.033%	$119K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	141.16	+0.041%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0152%	1h	141.65	+0.388%	$4K	$99K	10x	as long as short
Lighter AAVE	+0.0168%	1h	141.39	+0.201%	$4.5M	$2.5M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.70	+0.423%	$754K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.18	+0.055%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.14	+0.026%	$183K	$294K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0234%	1h	141.36	+0.182%	$384K	$732K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.26	+0.114%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.20	+0.066%	$110K	—	100x	as long as short