Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h —

Price spread now: Reya against MEXC0.000%7-day average — · you buy dearer than you sell

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

Long on MEXC 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: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AAVE_USDT	144.22	0.0065	pay 0.0065% / 8h	6h 19m	$26.8M	$24.9M	200x
Short	Reya AAVERUSDPERP	144.22	0.0044	get 0.0006% / 1h	19m 12s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against MEXC. 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 MEXCbpFee ReyabpOrdersPrice spread, now 0.000%Rate

Funding earned: −$4.38
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$10.38
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.34 bp	0.3 bp $0	5.4 bp −$54	28.3 bp −$2,831	100.2 bp −$50.1K
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 41 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
Deribit AAVE_USDC-PERPETUAL	−0.5710%	1h	143.46	−0.527%	$244K	$363K	50x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	144.26	+0.028%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.37	+0.104%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.15	−0.048%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.16	−0.042%	$70K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.22	+0.001%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.83	+0.423%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.034%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPshort	+0.0044%	1h	144.22	0.000%	—	—	20x
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.27	+0.035%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDTlong	+0.0065%	8h	144.22	long leg	$26.8M	$24.9M	200x
Binance AAVEUSDT	+0.0065%	8h	144.31	+0.065%	$65.2M	$184.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0079%	8h	144.30	+0.055%	$17.3M	$65.2M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.29	+0.046%	$200K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.48	+0.182%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.30	+0.052%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.26	+0.029%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.24	+0.017%	$802K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.31	+0.062%	$78.1M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.21	−0.008%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.18	−0.027%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.32	+0.069%	$61.7M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.27	+0.035%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.154%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.18	−0.028%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.20	−0.014%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.22	0.000%	$30.0M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.17	−0.035%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.25	+0.021%	$322K	$743K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.48	+0.179%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.61	+0.269%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.81	+0.410%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.63	+0.284%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.28	+0.042%	$124K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.19	−0.024%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.28	+0.042%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.30	+0.058%	$699K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.31	+0.062%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.23	+0.005%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0244% / S −0.0376%	1h	144.18	−0.027%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	+0.049%	$776K	$2.8M	50x	as long as short