Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h —

Price spread now: Reya against gTrade (Gains Network)−0.069%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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 0.069% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 5.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AAVE/USD	142.93	L +0.0005% / S −0.0004%	pay 0.0001% / 1h	12m 22s	$80K	—	150x
Short	Reya AAVERUSDPERP	142.83	0.0044	get 0.0006% / 1h	12m 22s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ReyabpOrdersPrice spread, now −0.069%Rate

Funding earned: $8.23
Price spread: −0.069% → 0.000%: −$6.92
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$14.69
Costs to cover: 0.160%
Break-even: 19.5 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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 AAVEUSD	−0.0144%	1h	142.83	−0.066%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0030%	1h	142.88	−0.031%	$219K	$401K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.89	−0.027%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.80	−0.087%	$46K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USDlong	L +0.0005% / S −0.0004%	1h	142.93	long leg	$80K	—	150x
Nado AAVE-PERP	+0.0008%	1h	142.81	−0.077%	$841K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.174%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	142.83	−0.069%	—	—	20x
Orderly PERP_AAVE_USDC	+0.0049%	8h	142.86	−0.045%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.83	−0.066%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0083%	1h	142.95	+0.017%	$5K	$293K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.98	+0.037%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.84	−0.062%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.96	+0.024%	$77.0M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.92	−0.004%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.86	−0.045%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.86	−0.044%	$63.9M	$186.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.87	−0.038%	$61.2M	$67.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.87	−0.038%	$17.1M	$64.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.97	+0.031%	$64K	$203K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.62	−0.211%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.90	−0.017%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.83	−0.066%	$25.1M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.89	−0.024%	$10.5M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.78	−0.101%	$29.0M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.88	−0.031%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.02	+0.066%	$337K	$717K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.61	−0.220%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.61	−0.218%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.70	−0.157%	$459K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.63	−0.206%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.88	−0.031%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.97	+0.031%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.06	+0.094%	$688K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.91	−0.010%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.78	−0.101%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.90	−0.020%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.92	−0.006%	$178K	$242K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.88	−0.031%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.91	−0.010%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.07	+0.099%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	−0.073%	$792K	$2.8M	50x	as long as short