Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h —

Price spread now: SoDEX against Reya+0.058%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 SoDEX

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 SoDEX is 0.058% dearer against Reya than usual: you sell high and buy low: +$6 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	143.14	0.0044	pay 0.0006% / 1h	16m 59s	—	—	20x
Short	SoDEX AAVE-USD	143.22	0.0100	get 0.0013% / 1h	16m 59s	$5K	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.058%Rate

Funding earned: $11.73
Price spread: +0.058% → 0.000%: $5.82
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $3.55
Costs to cover: 0.140%
Break-even: 4.9 days

Slippage unknown: Reya: no order-book sample; SoDEX: live order book, 37 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 SoDEX live order book, 37 min ago	0.35 bp	5.2 bp −$5	9.6 bp −$96	98.9 bp −$9,886	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	143.31	+0.119%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.14	+0.002%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.23	+0.065%	$219K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.22	+0.060%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0030%	1h	143.19	+0.034%	$834K	$398K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.315%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.01	−0.089%	$4K	$106K	10x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	143.14	long leg	—	—	20x
Phemex AAVEUSDT	+0.0057%	8h	143.13	−0.005%	$4.0M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	143.23	+0.065%	$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
01 Exchange AAVEUSD	+0.0096%	1h	143.22	+0.058%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.18	+0.031%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.07	−0.045%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.22	+0.058%	$328K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.07	−0.047%	$63.9M	$189.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.07	−0.047%	$61.5M	$67.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.07	−0.047%	$17.0M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.26	+0.086%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.57	−0.397%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.09	−0.033%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.11	−0.019%	$25.4M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.23	+0.065%	$10.4M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.02	−0.082%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.07	−0.047%	—	$43.6M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.17	+0.023%	$336K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	−0.284%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.70	−0.307%	$104K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.80	−0.235%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.80	−0.235%	$133K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.25	+0.079%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.11	−0.021%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USDshort	+0.0100%	1h	143.22	+0.058%	$5K	$310K	10x
HTX AAVE-USDT	+0.0100%	8h	143.29	+0.108%	$685K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.17	+0.023%	$909K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.24	+0.072%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.21	+0.050%	$185K	$251K	10x	as long as short
Hyperliquid AAVE	+0.0141%	1h	143.20	+0.044%	$78.3M	$37.1M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.21	+0.051%	$3.3M	$3.6M	100x	as long as short
Lighter AAVE	+0.0224%	1h	143.44	+0.212%	$4.5M	$2.3M	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	143.33	+0.134%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.23	+0.064%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.36	+0.156%	$784K	$2.8M	50x	as long as short