Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0176%/8h= +19.3% APRpaid last 24h —

Price spread now: BloFin against Reya−0.004%46s7-day average — · you buy dearer than you sell

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

Long on Reya Short on BloFin

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 46 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	142.02	0.0044	pay 0.0006% / 1h	39m 33s	—	—	20x
Short	BloFin AAVE-USDT	142.01	0.0220	get 0.0220% / 8h	4h 39m	$3.3M	$3.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.004%Rate

Funding earned: $36.93
Price spread: −0.004% → 0.000%: −$0.39
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $18.54
Costs to cover: 0.180%
Break-even: 3.5 days

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.70 bp	7.4 bp −$7	11.6 bp −$116	27.6 bp −$2,761	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
01 Exchange AAVEUSD	−0.0168%	1h	141.65	−0.257%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.82	−0.135%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.13	+0.081%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.00	−0.011%	$220K	$399K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.00	−0.007%	$79K	—	150x	as long as short
SoDEX AAVE-USD	+0.0025%	1h	141.90	−0.081%	$5K	$299K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.560%	$422	$51K	12x	as long as short
Nado AAVE-PERP	+0.0041%	1h	142.15	+0.098%	$842K	$447K	10x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	142.02	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0046%	8h	141.98	−0.025%	$18K	$10K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix AAVE	+0.0056%	1h	142.05	+0.024%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.95	−0.046%	$4.5M	$2.0M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.76	−0.179%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.05	+0.024%	$76.6M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.04	+0.015%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.90	−0.083%	$325K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.66	−0.250%	$63.4M	$185.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.68	−0.236%	$60.6M	$66.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.68	−0.236%	$17.0M	$63.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.83	−0.131%	$63K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.12	+0.074%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.80	−0.152%	$8.0M	$15.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.84	−0.124%	$25.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.91	−0.074%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.62	−0.278%	$28.8M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.70	−0.222%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.99	−0.018%	$336K	$716K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.94	−0.054%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.18	+0.117%	$102K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.91	−0.077%	$445K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.90	−0.081%	$132K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.11	+0.067%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.93	−0.061%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.10	+0.057%	$684K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.96	−0.039%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.62	−0.276%	$892K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.02	+0.004%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	141.73	−0.200%	$176K	$241K	10x	as long as short
BloFin AAVE-USDTshort	+0.0220%	8h	142.01	−0.004%	$3.3M	$3.6M	100x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.03	+0.012%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0326%	1h	142.04	+0.020%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.18	+0.116%	$788K	$2.9M	50x	as long as short