Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h —

Price spread now: Reya against dYdX−0.143%74s7-day average — · you buy dearer than you sell

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

Long on dYdX 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 0.143% cheaper against dYdX than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 11 days of funding at the current rate (+$1 a day). The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	142.27	0	get 0.0000% / 1h	29m 03s	$102K	$4K	10x
Short	Reya AAVERUSDPERP	142.06	0.0044	get 0.0006% / 1h	29m 03s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against dYdX. 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 dYdXbpFee ReyabpOrdersPrice spread, now −0.143%Rate

Funding earned: $9.27
Price spread: −0.143% → 0.000%: −$14.34
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$21.07
Costs to cover: 0.160%
Break-even: 22.9 days

Slippage unknown: dYdX: live order book, 15 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 dYdX live order book, 15 min ago	69.69 bp	74.7 bp −$75	74.7 bp −$747	74.7 bp −$7,469	92.9 bp −$46.5K
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
dYdX AAVE-USDlong	0.0000%	1h	142.27	long leg	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	142.17	−0.068%	$50K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.13	−0.096%	$216K	$397K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.19	−0.056%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.730%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	142.06	−0.143%	—	—	20x
Nado AAVE-PERP	+0.0055%	1h	142.20	−0.047%	$826K	$389K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0079%	8h	142.11	−0.110%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.30	+0.023%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.26	−0.002%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.20	−0.046%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.18	−0.062%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.23	−0.024%	$325K	$385K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.11	−0.112%	$63.9M	$189.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.08	−0.131%	$61.2M	$67.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.07	−0.138%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.34	+0.052%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.07	−0.135%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.12	−0.103%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.09	−0.124%	$24.6M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.12	−0.103%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.11	−0.110%	$29.1M	$18.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.12	−0.103%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.20	−0.047%	$374K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.15	−0.082%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.12	−0.104%	$107K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.24	−0.017%	$447K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.20	−0.047%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.24	−0.019%	$141K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.10	−0.119%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.09	−0.124%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.31	+0.031%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.16	−0.075%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.04	−0.159%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.16	−0.073%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.25	−0.012%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0174%	1h	142.26	−0.005%	$77.8M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.06	−0.145%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.20	−0.046%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.19	−0.056%	$193K	$263K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.33	+0.044%	$754K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.19	−0.051%	$3.4M	$2.1M	50x	as long as short