Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0055%/8h= +6.1% APRpaid last 24h —

Price spread now: Paradex against Reya−0.068%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Reya Short on Paradex

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 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.068% cheaper against Reya than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	142.23	0.0044	pay 0.0006% / 1h	43m 49s	—	—	20x
Short	Paradex AAVE-USD-PERP	142.13	0.0100	get 0.0100% / 8h	4h 43m	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.068%Rate

Funding earned: $11.65
Price spread: −0.068% → 0.000%: −$6.82
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.16
Costs to cover: 0.100%
Break-even: 10.1 days

Slippage unknown: Reya: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Reya and Paradex: 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	−0.0176%	1h	142.19	−0.027%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0014%	1h	142.25	+0.015%	$5K	$299K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.14	−0.059%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.22	−0.006%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.25	+0.015%	$220K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.27	+0.031%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.704%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	142.23	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0046%	8h	142.26	+0.022%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0047%	1h	142.19	−0.027%	$842K	$447K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	142.04	−0.133%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.31	+0.056%	$4.6M	$1.9M	10x	as long as short
Paradex AAVE-USD-PERPshort	+0.0100%	8h	142.13	−0.068%	$13K	$4K	20x
Hyperliquid AAVE	+0.0100%	1h	142.46	+0.163%	$76.8M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.39	+0.111%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.18	−0.035%	$323K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.33	+0.071%	$63.6M	$185.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.35	+0.085%	$60.9M	$66.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.36	+0.092%	$17.1M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.29	+0.043%	$63K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.12	−0.076%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.36	+0.092%	$8.1M	$15.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.34	+0.078%	$25.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.30	+0.050%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.27	+0.029%	$29.0M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.32	+0.064%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.46	+0.163%	$338K	$715K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.05	−0.127%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.83	−0.280%	$102K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.90	−0.233%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.81	−0.294%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.29	+0.043%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.24	+0.007%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.159%	$685K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.28	+0.036%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.24	+0.006%	$895K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.26	+0.022%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.27	+0.031%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.04	−0.133%	$3.3M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.28	+0.039%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0325%	1h	142.34	+0.080%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.28	+0.036%	$776K	$2.8M	50x	as long as short