Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h —

Price spread now: Reya against Bitget+0.046%7-day average — · you sell dearer than you buy

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

Long on Bitget 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 0.046% dearer against Bitget than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	141.95	0.0100	pay 0.0100% / 8h	4h 42m	$28.9M	$18.3M	75x
Short	Reya AAVERUSDPERP	142.02	0.0044	get 0.0006% / 1h	42m 17s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bitget. 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 BitgetbpFee ReyabpOrdersPrice spread, now +0.046%Rate

Funding earned: −$11.73
Price spread: +0.046% → 0.000%: $4.61
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$25.12
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.35 bp	11.1 bp −$11	18.2 bp −$182	57.1 bp −$5,707	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 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	−0.0176%	1h	141.89	−0.042%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.99	+0.032%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.96	+0.007%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.02	+0.049%	$220K	$399K	50x	as long as short
SoDEX AAVE-USD	+0.0002%	1h	142.02	+0.049%	$5K	$299K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.05	+0.073%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.515%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	142.02	+0.046%	—	—	20x
Nado AAVE-PERP	+0.0046%	1h	142.02	+0.049%	$841K	$447K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	142.02	+0.049%	$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
Phoenix AAVE	+0.0056%	1h	142.04	+0.063%	$4K	$102K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.07	+0.082%	$4.6M	$1.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.00	+0.036%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.08	+0.092%	$76.6M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.05	+0.072%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.04	+0.063%	$323K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.00	+0.035%	$63.4M	$185.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.99	+0.028%	$60.8M	$66.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.98	+0.021%	$17.0M	$63.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.02	+0.049%	$63K	$204K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.12	+0.120%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.09	+0.099%	$8.0M	$15.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.03	+0.056%	$25.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.04	+0.063%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	141.95	long leg	$28.9M	$18.3M	75x
BingX AAVE-USDC	+0.0100%	8h	142.03	+0.056%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.05	+0.070%	$337K	$715K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.05	+0.070%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.83	−0.084%	$102K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.11	+0.113%	$449K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.11	+0.113%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.04	+0.063%	$122K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.94	−0.008%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.10	+0.103%	$684K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.97	+0.014%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.96	+0.009%	$895K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.05	+0.071%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	141.96	+0.011%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.12	+0.120%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.04	+0.064%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0326%	1h	142.12	+0.117%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.20	+0.176%	$783K	$2.8M	50x	as long as short