Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h —

Price spread now: OKX against Reya+0.113%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 OKX

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 +$1 a day on $10k at the current rate, and OKX is 0.113% dearer against Reya than usual: you sell high and buy low: +$11 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	145.42	0.0044	pay 0.0006% / 1h	57m 11s	—	—	20x
Short	OKX AAVE-USDT-SWAP	145.58	0.0068	get 0.0068% / 8h	7h 57m	$17.8M	$67.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.113%Rate

Funding earned: $4.95
Price spread: +0.113% → 0.000%: $11.35
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $0.29
Costs to cover: 0.160%
Break-even: 6.6 days

Slippage unknown: Reya: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.34 bp	8.6 bp −$9	16.5 bp −$165	90.5 bp −$9,046	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	−0.0185%	1h	145.60	+0.125%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0096%	1h	145.49	+0.052%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0027%	1h	145.79	+0.258%	$5K	$102K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.50	+0.057%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.39	−0.017%	$77K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.48	+0.045%	$254K	$391K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.56	+0.103%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0027%	8h	145.61	+0.134%	$29.4M	$25.5M	200x	as long as short
Binance AAVEUSDT	+0.0027%	8h	145.56	+0.097%	$66.1M	$188.3M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.814%	$422	$51K	12x	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	145.42	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.42	+0.003%	$18K	$12K	10x	as long as short
SoDEX AAVE-USD	+0.0056%	1h	145.45	+0.024%	$5K	$305K	10x	as long as short
OKX AAVE-USDT-SWAPshort	+0.0068%	8h	145.58	+0.113%	$17.8M	$67.2M	50x
Aevo AAVE-PERP	+0.0088%	1h	145.58	+0.117%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.65	+0.160%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.40	−0.009%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.35	−0.045%	$795K	$453K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.56	+0.100%	$79.5M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.57	+0.107%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.40	−0.008%	$332K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.59	+0.120%	$62.1M	$66.2M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.50	+0.058%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.52	+0.075%	$61K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	145.53	+0.079%	$7.8M	$15.1M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.43	+0.010%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.55	+0.093%	$30.2M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.49	+0.052%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.68	+0.182%	$348K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.88	+0.317%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.77	+0.243%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.91	+0.341%	$467K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.87	+0.313%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.50	+0.058%	$127K	$455K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.44	+0.014%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.51	+0.067%	$688K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.53	+0.079%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.41	−0.005%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.54	+0.083%	$184K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0108%	8h	145.45	+0.024%	$3.4M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.56	+0.100%	$127K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.64	+0.155%	$780K	$3.1M	50x	as long as short