Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.24 per $10,000 · paid last 24h —

Price spread now: Reya against 01 Exchange−0.023%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange 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 0.023% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AAVEUSD	145.06	−0.0144	get 0.0018% / 1h	21m 42s	$11K	$2K	5x
Short	Reya AAVERUSDPERP	145.03	0.0044	get 0.0006% / 1h	21m 42s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against 01 Exchange. 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 01 ExchangebpFee ReyabpOrdersPrice spread, now −0.023%Rate

Funding earned: $39.51
Price spread: −0.023% → 0.000%: −$2.31
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $24.2
Costs to cover: 0.130%
Break-even: 2.7 days

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

01 Exchange and 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
01 Exchange AAVEUSDlong	−0.0144%	1h	145.06	long leg	$11K	$2K	5x
Phoenix AAVE	−0.0045%	1h	144.98	−0.055%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0036%	1h	145.08	+0.014%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.18	+0.083%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.10	+0.028%	$68K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	145.12	+0.041%	$255K	$480K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.08	+0.016%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.584%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0035%	8h	145.16	+0.069%	$30.8M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0036%	8h	145.16	+0.072%	$66.1M	$185.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERPshort	+0.0044%	1h	145.03	−0.023%	—	—	20x
RISEx AAVE/USDC	+0.0046%	1h	145.10	+0.030%	$180K	$244K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	145.04	−0.014%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	145.17	+0.076%	$17.6M	$66.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.21	+0.101%	$3.5M	$2.1M	50x	as long as short
Gate AAVE_USDT	+0.0062%	8h	145.15	+0.062%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.12	+0.038%	$123K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0094%	8h	144.79	−0.190%	$457K	$3.8M	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.35	+0.203%	$4.7M	$1.6M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.15	+0.064%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.04	−0.014%	$803K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.29	+0.159%	$79.8M	$33.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.22	+0.113%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.19	+0.090%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.18	+0.083%	$61.6M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.19	+0.090%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.27	−0.546%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.17	+0.076%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.16	+0.069%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.16	+0.069%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.26	+0.138%	$347K	$727K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.67	−0.271%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.72	−0.235%	$103K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.77	−0.200%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.10	+0.028%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.00	−0.039%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.46	+0.279%	$697K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.07	+0.007%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.10	+0.029%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0141%	8h	144.87	−0.131%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.06	+0.001%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.06	0.000%	$787K	$3.0M	50x	as long as short