Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h —

Price spread now: SoDEX against Reya−0.008%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 SoDEX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	143.83	0.0044	pay 0.0006% / 1h	51m 16s	—	—	20x
Short	SoDEX AAVE-USD	143.82	0.0100	get 0.0013% / 1h	51m 16s	$5K	$312K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $11.73
Price spread: −0.008% → 0.000%: −$0.81
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$3.08
Costs to cover: 0.140%
Break-even: 8.8 days

Slippage unknown: Reya: no order-book sample; SoDEX: 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 SoDEX live order book, 2 min ago	0.35 bp	5.2 bp −$5	9.6 bp −$96	98.9 bp −$9,886	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
dYdX AAVE-USD	0.0000%	1h	143.87	+0.028%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.69	−0.098%	$54K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.84	+0.006%	$220K	$402K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.87	+0.027%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.778%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.99	+0.110%	$4K	$106K	10x	as long as short
Phemex AAVEUSDT	+0.0040%	8h	143.86	+0.020%	$4.0M	$3.7M	50x	as long as short
Nado AAVE-PERP	+0.0044%	1h	143.82	−0.008%	$846K	$396K	10x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	143.83	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0051%	8h	143.85	+0.013%	$18K	$10K	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	143.91	+0.057%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.87	+0.028%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.91	+0.052%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.90	+0.049%	$329K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.84	+0.006%	$64.3M	$187.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.84	+0.006%	$61.9M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.85	+0.013%	$17.2M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.97	+0.096%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.81	−0.015%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.89	+0.041%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.81	−0.015%	$25.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.84	+0.006%	$10.6M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.82	−0.008%	$29.3M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.88	+0.034%	—	$43.8M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.38	−0.314%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.82	−0.008%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.88	+0.033%	$458K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.84	+0.006%	$134K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.90	+0.048%	$128K	$443K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.81	−0.018%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDshort	+0.0100%	1h	143.82	−0.008%	$5K	$312K	10x
HTX AAVE-USDT	+0.0100%	8h	143.96	+0.089%	$692K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.78	−0.037%	$911K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.88	+0.031%	$122K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	143.89	+0.041%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.91	+0.055%	$186K	$251K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0195%	1h	144.10	+0.187%	$338K	$720K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.75	−0.057%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	143.86	+0.019%	$3.5M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.87	+0.027%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	144.18	+0.242%	$791K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0412%	1h	144.03	+0.138%	$79.2M	$36.7M	10x	as long as short