Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h —

Price spread now: Reya against Binance+0.010%7-day average — · you sell dearer than you buy

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

Long on Binance 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	141.54	0.0100	pay 0.0100% / 8h	5h 53m	$63.7M	$162.5M	75x
Short	Reya AAVERUSDPERP	141.56	0.0044	get 0.0006% / 1h	53m 53s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. 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 BinancebpFee ReyabpOrdersPrice spread, now +0.010%Rate

Funding earned: −$11.73
Price spread: +0.010% → 0.000%: $0.99
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$26.74
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 12 min ago; 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 Binance live order book, 12 min ago	0.35 bp	7.5 bp −$7	15.3 bp −$153	41.9 bp −$4,185	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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 exchanges

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
Deribit AAVE_USDC-PERPETUAL	−0.0174%	1h	141.59	+0.034%	$208K	$323K	50x	as long as short
SoDEX AAVE-USD	−0.0169%	1h	141.55	+0.006%	$7K	$242K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.61	+0.047%	$102K	$6K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	141.62	+0.055%	$10K	$1K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.61	+0.048%	$45K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.60	+0.042%	$79K	—	150x	as long as short
Bybit AAVEUSDT	+0.0020%	8h	141.51	−0.022%	$61.2M	$59.6M	75x	as long as short
Phemex AAVEUSDT	+0.0023%	8h	141.50	−0.029%	$3.9M	$3.6M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.237%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0041%	1h	141.82	+0.197%	$132K	$221K	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERPshort	+0.0044%	1h	141.56	+0.010%	—	—	20x
Phoenix AAVE	+0.0062%	1h	141.94	+0.281%	$4K	$81K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0086%	8h	141.54	−0.001%	$17K	$2K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.75	+0.146%	$4.6M	$2.2M	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	141.67	+0.090%	$3.7M	$692K	—	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.56	+0.012%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.59	+0.031%	$814K	$309K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.71	+0.119%	$77.8M	$27.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.68	+0.098%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.63	+0.060%	$345K	$312K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	141.54	long leg	$63.7M	$162.5M	75x
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.53	−0.008%	$16.3M	$52.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.73	+0.133%	$94K	$205K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.61	+0.048%	$8.2M	$13.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.59	+0.034%	$21.9M	$21.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.58	+0.027%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.57	+0.020%	$29.2M	$15.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.58	+0.027%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.69	+0.105%	$388K	$601K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.78	+0.168%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.84	+0.211%	$453K	$3.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.64	+0.069%	$134K	$370K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.59	+0.036%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.09	+0.389%	$659K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.78	+0.168%	$164K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.57	+0.017%	$913K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.57	+0.024%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	141.66	+0.081%	$172K	$206K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.69	+0.105%	$3.3M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	141.87	+0.232%	$752K	$2.2M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.59	+0.037%	$110K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0306%	1h	141.66	+0.085%	$3.5M	$1.9M	50x	as long as short