Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0132%/8h= +14.4% APRnext payment +$0.16 per $10,000 · paid last 24h —

Price spread now: Reya against SoDEX−0.056%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Reya

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

Funding pays, the price is against you. Reya is 0.056% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 34 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	146.09	−0.0088	get 0.0011% / 1h	36m 46s	$5K	$305K	10x
Short	Reya AAVERUSDPERP	146.01	0.0044	get 0.0006% / 1h	36m 46s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SoDEX. 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 SoDEXbpFee ReyabpOrdersPrice spread, now −0.056%Rate

Funding earned: $27.71
Price spread: −0.056% → 0.000%: −$5.63
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $8.08
Costs to cover: 0.140%
Break-even: 5.0 days

Slippage unknown: SoDEX: live order book, 37 min ago; Reya: 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 SoDEX live order book, 37 min ago	0.34 bp	5.3 bp −$5	10.4 bp −$104	95.3 bp −$9,532	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	−0.0184%	1h	146.23	+0.094%	$3.5M	$2.1M	50x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	146.00	−0.062%	$11K	$2K	5x	as long as short
SoDEX AAVE-USDlong	−0.0088%	1h	146.09	long leg	$5K	$305K	10x
dYdX AAVE-USD	0.0000%	1h	146.16	+0.047%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.99	−0.068%	$77K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	145.87	−0.151%	$5K	$102K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	146.15	+0.041%	$255K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.10	+0.008%	$71K	—	150x	as long as short
MEXC AAVE_USDT	+0.0022%	8h	146.09	0.000%	$29.2M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0022%	8h	146.02	−0.047%	$66.2M	$185.7M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AAVEUSDT	+0.0033%	8h	146.08	−0.007%	$4.2M	$3.8M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.250%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0044%	1h	145.86	−0.157%	$136K	$230K	50x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	146.01	−0.056%	—	—	20x
Orderly PERP_AAVE_USDC	+0.0048%	8h	146.06	−0.021%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	146.04	−0.034%	$17.9M	$67.0M	50x	as long as short
GRVT AAVE_USDT_Perp	+0.0069%	8h	145.92	−0.116%	$462K	$3.9M	10x	as long as short
Gate AAVE_USDT	+0.0078%	8h	146.05	−0.027%	$7.9M	$15.2M	75x	as long as short
Bybit AAVEUSDT	+0.0079%	8h	146.04	−0.034%	$62.5M	$65.4M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.12	+0.017%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0088%	8h	146.01	−0.055%	$3.5M	$4.1M	100x	as long as short
Lighter AAVE	+0.0096%	1h	146.27	+0.123%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.03	−0.041%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.92	−0.116%	$798K	$445K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.16	+0.048%	$79.7M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.13	+0.024%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.97	−0.081%	$333K	$503K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.01	−0.055%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.72	−0.253%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.10	+0.007%	$10.0M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.99	−0.068%	$30.3M	$18.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.07	−0.014%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.21	+0.082%	$333K	$741K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.08	−0.005%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.87	−0.149%	$105K	$317K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.10	+0.007%	$128K	$428K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.98	−0.073%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.22	+0.090%	$710K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.06	−0.021%	$932K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.05	−0.030%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0449%	1h	146.12	+0.020%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.14	+0.034%	$786K	$3.1M	50x	as long as short