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: BingX against Reya+0.104%50s7-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 BingX

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 BingX is 0.104% dearer against Reya than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	Reya AAVERUSDPERP	143.86	0.0044	pay 0.0006% / 1h	53m 37s	—	—	20x
Short	BingX AAVE-USDT	144.01	0.0100	get 0.0100% / 8h	5h 53m	—	$43.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.104%Rate

Funding earned: $11.73
Price spread: +0.104% → 0.000%: $10.39
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $6.12
Costs to cover: 0.160%
Break-even: 3.3 days

Slippage unknown: Reya: no order-book sample; BingX: live order book, 15 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 BingX live order book, 15 min ago	0.70 bp	5.7 bp −$6	8.2 bp −$82	18.6 bp −$1,861	47.5 bp −$23.7K

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 41 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	−0.6483%	1h	143.09	−0.536%	$243K	$370K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0648%	1h	143.72	−0.098%	$134K	$219K	50x	as long as short
01 Exchange AAVEUSD	−0.0064%	1h	144.07	+0.146%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.99	+0.093%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.97	+0.076%	$72K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.96	+0.066%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.59	+0.507%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.797%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	143.86	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.02	+0.111%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0088%	8h	144.03	+0.118%	$17.3M	$63.4M	50x	as long as short
MEXC AAVE_USDT	+0.0093%	8h	144.04	+0.125%	$26.3M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0094%	8h	144.07	+0.146%	$64.9M	$180.9M	75x	as long as short
Lighter AAVE	+0.0096%	1h	144.17	+0.217%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.07	+0.146%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.00	+0.093%	$801K	$409K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.12	+0.180%	$78.0M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.96	+0.072%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.04	+0.125%	$328K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.06	+0.139%	$61.6M	$63.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.10	+0.166%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.04	+0.128%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.01	+0.104%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.05	+0.132%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.04	+0.125%	$30.0M	$17.1M	75x	as long as short
BingX AAVE-USDTshort	+0.0100%	8h	144.01	+0.104%	—	$43.9M	—
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.04	+0.125%	$322K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.60	+0.515%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.08	+0.152%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.82	−0.027%	$451K	$3.8M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.92	+0.041%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.90	+0.030%	$1K	$1.2M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.06	+0.139%	$5K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.27	+0.287%	$698K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.96	+0.069%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.00	+0.096%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.06	+0.142%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.12	+0.181%	$199K	$228K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0259% / S −0.0410%	1h	143.93	+0.046%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.14	+0.193%	$3.5M	$2.0M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.56	+0.486%	$777K	$2.8M	50x	as long as short