Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0044%/8h= +4.8% APRnext payment +$0.06 per $10,000 · paid last 24h —

Price spread now: Reya against dYdX−0.108%7-day average — · you buy dearer than you sell

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

Long on dYdX 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

Funding pays, the price is against you. Reya is 0.108% cheaper against dYdX than usual: you would sell low and buy high (spread −0.108% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 8.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	146.49	0	get 0.0000% / 1h	26m 53s	$105K	$4K	10x
Short	Reya AAVERUSDPERP	146.33	0.0044	get 0.0006% / 1h	26m 53s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against dYdX. 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 dYdXbpFee ReyabpOrdersPrice spread, now −0.108%Rate

Funding earned: $9.27
Price spread: −0.108% → 0.000%: −$10.81
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$17.54
Costs to cover: 0.160%
Break-even: 20.2 days

Slippage unknown: dYdX: live order book, 47 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 dYdX live order book, 47 min ago	67.60 bp	73.3 bp −$73	73.3 bp −$733	75.0 bp −$7,503	83.4 bp −$41.7K
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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.48	−0.005%	$3.5M	$2.0M	50x	as long as short
Phemex AAVEUSDT	−0.0159%	8h	146.33	−0.107%	$4.2M	$3.8M	50x	as long as short
01 Exchange AAVEUSD	−0.0152%	1h	146.34	−0.100%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0102%	1h	146.33	−0.107%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0091%	1h	146.38	−0.072%	$255K	$369K	50x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	146.49	long leg	$105K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	146.18	−0.209%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.31	−0.120%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.43	−0.037%	$71K	—	150x	as long as short
Gate AAVE_USDT	+0.0014%	8h	146.46	−0.018%	$7.9M	$15.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0019%	8h	146.42	−0.045%	$29.2M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0020%	8h	146.44	−0.031%	$66.4M	$183.7M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.503%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	146.33	−0.108%	—	—	20x
Orderly PERP_AAVE_USDC	+0.0046%	8h	146.32	−0.113%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	146.48	−0.004%	$18.0M	$66.6M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0071%	1h	146.16	−0.223%	$136K	$231K	50x	as long as short
BloFin AAVE-USDT	+0.0080%	8h	146.32	−0.113%	$3.5M	$3.5M	100x	as long as short
Bybit AAVEUSDT	+0.0080%	8h	146.41	−0.052%	$62.7M	$65.0M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0087%	8h	146.23	−0.178%	$460K	$3.8M	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.37	−0.079%	$124K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	146.56	+0.050%	$4.7M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	146.30	−0.129%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.32	−0.110%	$800K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.52	+0.023%	$79.9M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.45	−0.025%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.33	−0.107%	$334K	$502K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.33	−0.107%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.36	−0.089%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.45	−0.025%	$10.2M	$8.8M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.41	−0.052%	$30.4M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.40	−0.059%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.48	−0.004%	$334K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.16	−0.221%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.16	−0.223%	$105K	$316K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.42	−0.045%	$127K	$426K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.35	−0.091%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	−0.019%	$712K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.38	−0.070%	$937K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.36	−0.083%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.42	−0.045%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.44	−0.031%	$786K	$2.9M	50x	as long as short