Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0179%/8h= +19.6% APRnext payment +$0.22 per $10,000 · paid last 24h —

Price spread now: RISEx against Reya+0.074%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 RISEx

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 +$5 a day on $10k at the current rate, and RISEx is 0.074% dearer against Reya than usual: you sell high and buy low: +$7 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	141.24	0.0044	pay 0.0006% / 1h	36m 36s	—	—	20x
Short	RISEx AAVE/USDC	141.35	0.0223	get 0.0028% / 1h	36m 36s	$171K	$299K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.074%Rate

Funding earned: $37.61
Price spread: +0.074% → 0.000%: $7.39
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: $33
Costs to cover: 0.120%
Break-even: 0.9 days

Slippage unknown: Reya: no order-book sample; RISEx: live order book, 61 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 RISEx live order book, 61 min ago	1.06 bp	4.1 bp −$4	8.9 bp −$89	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	141.09	−0.105%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.23	−0.009%	$52K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.23	−0.009%	$213K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.24	+0.001%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.032%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	141.24	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0088%	8h	141.21	−0.023%	$17K	$8K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	140.99	−0.179%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0096%	1h	141.54	+0.210%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	140.98	−0.189%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	141.01	−0.161%	$825K	$401K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.20	−0.030%	$77.1M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.02	−0.156%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.06	−0.127%	$328K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.93	−0.221%	$63.3M	$191.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.93	−0.221%	$60.8M	$69.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.91	−0.236%	$16.6M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.16	−0.059%	$94K	$224K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.17	−0.054%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.10	−0.101%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.05	−0.136%	$22.7M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.09	−0.108%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.89	−0.250%	$28.6M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.05	−0.136%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.16	−0.057%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.14	−0.071%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.19	−0.037%	$451K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.20	−0.030%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.00	−0.172%	$133K	$474K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.28	+0.029%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.17	−0.052%	$5K	$299K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.28	+0.023%	$665K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.27	+0.019%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.86	−0.272%	$907K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.24	−0.001%	$119K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0179%	1h	141.30	+0.041%	$384K	$732K	10x	as long as short
Lighter AAVE	+0.0200%	1h	141.24	0.000%	$4.5M	$2.5M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.22	−0.016%	$753K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.21	−0.023%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDCshort	+0.0223%	1h	141.35	+0.074%	$171K	$299K	10x
Kraken Futures PF_AAVEUSD	+0.0249%	1h	141.26	+0.014%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	141.24	+0.001%	$110K	—	100x	as long as short