Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −11.0% APRnext payment −$0.13 per $10,000 · paid last 24h —

Price spread now: 01 Exchange against Reya+0.007%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 01 Exchange

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: −$3 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	145.71	0.0044	pay 0.0006% / 1h	1m 40s	—	—	20x
Short	01 Exchange AAVEUSD	145.72	−0.0056	pay 0.0007% / 1h	1m 40s	$11K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.007%Rate

Funding earned: −$21.03
Price spread: +0.007% → 0.000%: $0.71
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$33.32
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Reya and 01 Exchange: 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
SoDEX AAVE-USD	−0.0127%	1h	145.77	+0.041%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0093%	1h	145.79	+0.055%	$255K	$391K	50x	as long as short
01 Exchange AAVEUSDshort	−0.0056%	1h	145.72	+0.007%	$11K	$2K	5x
Phoenix AAVE	−0.0027%	1h	145.43	−0.192%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.96	+0.174%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.78	+0.048%	$78K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.90	+0.131%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.83	+0.083%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0027%	8h	145.86	+0.103%	$29.6M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0028%	8h	145.90	+0.134%	$66.3M	$187.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.005%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	145.71	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0052%	8h	145.74	+0.021%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0067%	8h	145.88	+0.117%	$17.9M	$67.7M	50x	as long as short
Gate AAVE_USDT	+0.0074%	8h	145.90	+0.131%	$7.9M	$16.0M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.79	+0.053%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.08	+0.251%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.89	+0.125%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.66	−0.034%	$800K	$446K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.01	+0.206%	$80.2M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.95	+0.163%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.92	+0.146%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.89	+0.124%	$62.3M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.91	+0.138%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.59	−0.084%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.90	+0.131%	$10.0M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.84	+0.089%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.89	+0.124%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.99	+0.192%	$349K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.20	−0.353%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.56	−0.100%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.40	−0.211%	$454K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.31	−0.274%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.80	+0.062%	$128K	$455K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.76	+0.038%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.04	+0.226%	$691K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.77	+0.041%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.86	+0.101%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	145.96	+0.169%	$185K	$247K	10x	as long as short
BloFin AAVE-USDT	+0.0114%	8h	145.86	+0.103%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	145.81	+0.071%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	145.81	+0.069%	$794K	$3.0M	50x	as long as short