Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.07 per $10,000 · paid last 24h —

Price spread now: Reya against Extended+0.075%7-day average — · you sell dearer than you buy

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

Long on Extended 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 airdropExtended: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.075% dearer against Extended than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AAVE-USD	142.21	0.0104	pay 0.0013% / 1h	30m 02s	$905K	$1.7M	50x
Short	Reya AAVERUSDPERP	142.32	0.0044	get 0.0006% / 1h	30m 02s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Extended. 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 ExtendedbpFee ReyabpOrdersPrice spread, now +0.075%Rate

Funding earned: −$12.57
Price spread: +0.075% → 0.000%: $7.5
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Reya: 3 bp × 2 orders: −$6
Net: −$16.07
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 3 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 Extended live order book, 3 min ago	2.81 bp	6.3 bp −$6	18.4 bp −$184	doesn't fit	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
dYdX AAVE-USD	0.0000%	1h	142.06	−0.108%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.13	−0.057%	$55K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.28	+0.048%	$216K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.29	+0.059%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0024%	1h	142.40	+0.132%	$829K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.693%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	142.32	+0.075%	—	—	20x
Orderly PERP_AAVE_USDC	+0.0067%	8h	142.27	+0.041%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0091%	8h	142.34	+0.090%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	142.29	+0.055%	$10K	$2K	5x	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	142.09	−0.084%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.37	+0.114%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.14	−0.052%	$325K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.34	+0.087%	$63.6M	$190.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.32	+0.076%	$61.0M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.29	+0.055%	$17.0M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.33	+0.083%	$63K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.34	+0.089%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.37	+0.111%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.35	+0.097%	$25.1M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.34	+0.090%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.31	+0.069%	$29.1M	$18.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.29	+0.055%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.93	−0.196%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.32	+0.075%	$105K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.34	+0.090%	$446K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.28	+0.048%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.42	+0.147%	$136K	$462K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.25	+0.028%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.31	+0.069%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.32	+0.073%	$680K	$5.2M	75x	as long as short
Extended AAVE-USDlong	+0.0104%	1h	142.21	long leg	$905K	$1.7M	50x
Aevo AAVE-PERP	+0.0104%	1h	142.27	+0.041%	$120K	$146	10x	as long as short
Hyperliquid AAVE	+0.0112%	1h	142.48	+0.189%	$77.9M	$37.1M	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.85	+0.449%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0153%	1h	142.46	+0.175%	$335K	$729K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.29	+0.056%	$190K	$253K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.03	−0.128%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.38	+0.116%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.32	+0.075%	$111K	—	100x	as long as short
Lighter AAVE	+0.0304%	1h	142.55	+0.235%	$4.5M	$2.4M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.33	+0.083%	$771K	$2.8M	50x	as long as short