Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h —

Price spread now: Reya against Binance−0.078%7-day average — · you buy dearer than you sell

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

Long on Binance 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Reya is 0.078% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	142.79	0.0100	pay 0.0100% / 8h	5h 04m	$63.9M	$183.0M	75x
Short	Reya AAVERUSDPERP	142.68	0.0044	get 0.0006% / 1h	4m 28s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. 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 BinancebpFee ReyabpOrdersPrice spread, now −0.078%Rate

Funding earned: −$11.73
Price spread: −0.078% → 0.000%: −$7.81
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$35.54
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 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 Binance live order book, 9 min ago	0.35 bp	6.5 bp −$6	11.8 bp −$118	43.5 bp −$4,351	191.4 bp −$95.7K
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
Deribit AAVE_USDC-PERPETUAL	−0.4157%	1h	142.34	−0.315%	$226K	$390K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	142.86	+0.050%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.03	+0.166%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.06	+0.190%	$53K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.98	+0.136%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.082%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	142.68	−0.078%	—	—	20x
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.94	+0.106%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0062%	1h	142.78	−0.007%	$830K	$436K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.30	+0.358%	$5K	$98K	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	143.10	+0.215%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.87	+0.058%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.83	+0.029%	$77.2M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.00	+0.151%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.98	+0.133%	$325K	$434K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	142.79	long leg	$63.9M	$183.0M	75x
Bybit AAVEUSDT	+0.0100%	8h	142.66	−0.091%	$61.0M	$64.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.69	−0.070%	$17.1M	$63.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.87	+0.057%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.99	+0.143%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.89	+0.071%	$7.9M	$15.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.76	−0.021%	$25.7M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.76	−0.021%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.66	−0.091%	$29.9M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.89	+0.071%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.16	+0.260%	$319K	$694K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.80	+0.006%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.18	+0.272%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.38	+0.411%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.44	+0.456%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.86	+0.050%	$127K	$423K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.89	+0.073%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.94	+0.106%	$5K	$303K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.19	+0.281%	$688K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.08	+0.204%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.83	+0.028%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.95	+0.116%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	142.91	+0.081%	$180K	$238K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.79	+0.001%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	142.96	+0.121%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0269%	1h	143.11	+0.226%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.24	+0.316%	$791K	$2.8M	50x	as long as short