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% APRnext payment +$0.07 per $10,000 · paid last 24h —

Price spread now: Pacifica against Reya+0.209%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 Pacifica

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 · Pacifica: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.209% dearer against Reya than usual: you sell high and buy low: +$21 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	143.65	0.0044	pay 0.0006% / 1h	10m 13s	—	—	20x
Short	Pacifica AAVE	143.95	0.0100	get 0.0013% / 1h	10m 13s	$328K	$433K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.209%Rate

Funding earned: $11.73
Price spread: +0.209% → 0.000%: $20.87
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $18.6
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Pacifica: live order book, 53 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 Pacifica live order book, 53 min ago	3.12 bp	7.8 bp −$8	doesn't fit	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
01 Exchange AAVEUSD	−0.0048%	1h	143.84	+0.131%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0028%	1h	143.64	−0.008%	$228K	$389K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.93	+0.195%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.80	+0.104%	$59K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.72	+0.049%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.658%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	143.65	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0045%	8h	143.67	+0.013%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0053%	1h	143.79	+0.097%	$830K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.07	+0.291%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.79	+0.099%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.87	+0.153%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.74	+0.062%	$77.8M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.85	+0.136%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	143.95	+0.209%	$328K	$433K	10x
Binance AAVEUSDT	+0.0100%	8h	143.62	−0.024%	$64.3M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.62	−0.022%	$61.3M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.57	−0.057%	$17.2M	$63.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.87	+0.152%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	+0.295%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.63	−0.015%	$7.8M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.61	−0.029%	$26.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.67	+0.013%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.67	+0.013%	$30.1M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.61	−0.029%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.66	+0.006%	$320K	$691K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	+0.004%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.82	+0.115%	$104K	$277K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.88	+0.162%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.90	+0.173%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.87	+0.152%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.84	+0.131%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.66	+0.006%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.80	+0.104%	$692K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.64	−0.008%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.62	−0.023%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.60	−0.039%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	143.91	+0.179%	$184K	$237K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.92	+0.187%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	143.72	+0.051%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	143.77	+0.081%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.93	+0.194%	$782K	$2.8M	50x	as long as short