Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h —

Price spread now: ApeX Omni against Reya+0.154%7-day average — · you sell dearer than you buy

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

Long on Reya Short on ApeX Omni

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.154% dearer against Reya than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	142.29	0.0044	pay 0.0006% / 1h	15m 01s	—	—	20x
Short	ApeX Omni AAVEUSDT	142.51	0.0100	get 0.0013% / 1h	15m 01s	$132K	$219K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Reya. 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 ReyabpFee ApeX OmnibpOrdersPrice spread, now +0.154%Rate

Funding earned: $11.73
Price spread: +0.154% → 0.000%: $15.38
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $11.11
Costs to cover: 0.160%
Break-even: 0.4 days

Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 26 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 26 min ago	4.92 bp	12.4 bp −$12	95.7 bp −$957	doesn't fit	doesn't fit

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-USD	0.0000%	1h	142.43	+0.099%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.35	+0.041%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.35	+0.041%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.32	+0.020%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.747%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	142.29	long leg	—	—	20x
Nado AAVE-PERP	+0.0068%	1h	142.35	+0.041%	$829K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.30	+0.006%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.55	+0.182%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.52	+0.159%	$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	142.29	0.000%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.41	+0.082%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.39	+0.068%	$325K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.34	+0.037%	$64.0M	$188.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.34	+0.034%	$61.5M	$67.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.35	+0.041%	$17.0M	$64.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.43	+0.098%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.59	+0.212%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.36	+0.048%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.33	+0.027%	$24.5M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.35	+0.041%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.32	+0.020%	$29.1M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.35	+0.041%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	+0.034%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.48	+0.132%	$107K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.68	+0.273%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDTshort	+0.0100%	1h	142.51	+0.154%	$132K	$219K	50x
Polymarket Perps AAVE-USD	+0.0100%	1h	142.39	+0.069%	$141K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.29	+0.001%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.35	+0.041%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.119%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.36	+0.048%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.30	+0.009%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.35	+0.040%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.38	+0.062%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0155%	1h	142.49	+0.140%	$393K	$727K	10x	as long as short
Hyperliquid AAVE	+0.0194%	1h	142.53	+0.168%	$77.9M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.30	+0.006%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.31	+0.016%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.37	+0.054%	$193K	$268K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.81	+0.365%	$757K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.46	+0.117%	$3.4M	$2.1M	50x	as long as short