Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.10 per $10,000 · paid last 24h —

Price spread now: Reya against 01 Exchange+0.047%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Reya

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 pays, funding is against you. Reya is 0.047% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange AAVEUSD	142.62	0.0128	pay 0.0016% / 1h	44m 59s	$10K	$2K	5x
Short	Reya AAVERUSDPERP	142.69	0.0044	get 0.0006% / 1h	44m 59s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against 01 Exchange. 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 01 ExchangebpFee ReyabpOrdersPrice spread, now +0.047%Rate

Funding earned: −$17.61
Price spread: +0.047% → 0.000%: $4.73
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$25.88
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Reya: no order-book sample. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

01 Exchange and 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	142.39	−0.159%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.37	−0.175%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.76	+0.098%	$217K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.76	+0.100%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.969%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	142.69	+0.047%	—	—	20x
Nado AAVE-PERP	+0.0048%	1h	142.68	+0.046%	$827K	$401K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0077%	8h	142.73	+0.077%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.30	+0.477%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.85	+0.162%	$4.5M	$2.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.36	−0.181%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.62	0.000%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.45	−0.120%	$325K	$449K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.60	−0.014%	$64.2M	$192.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.58	−0.028%	$61.3M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.60	−0.014%	$17.0M	$65.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.64	+0.014%	$64K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	+0.184%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.59	−0.021%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.62	0.000%	$25.0M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.61	−0.007%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.54	−0.056%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.56	−0.042%	—	$43.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.80	+0.126%	$335K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.196%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.69	+0.050%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.76	+0.096%	$452K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.70	+0.056%	$133K	$223K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.80	+0.126%	$141K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.76	+0.096%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.72	+0.070%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.93	+0.215%	$678K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.74	+0.084%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.54	−0.057%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.77	+0.102%	$121K	$146	10x	as long as short
01 Exchange AAVEUSDlong	+0.0128%	1h	142.62	long leg	$10K	$2K	5x
Hyperliquid AAVE	+0.0212%	1h	142.78	+0.112%	$78.1M	$37.2M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.77	+0.105%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.78	+0.110%	$112K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.60	−0.016%	$195K	$262K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.70	+0.056%	$756K	$2.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.85	+0.161%	$3.4M	$2.1M	50x	as long as short