Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h —

Price spread now: Reya against OKX−0.162%7-day average — · you buy dearer than you sell

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

Long on OKX 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Reya is 0.162% cheaper against OKX than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AAVE-USDT-SWAP	143.10	0.0068	pay 0.0068% / 8h	6h 40m	$17.3M	$65.8M	50x
Short	Reya AAVERUSDPERP	142.87	0.0044	get 0.0006% / 1h	40m 15s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against OKX. 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 OKXbpFee ReyabpOrdersPrice spread, now −0.162%Rate

Funding earned: −$5.04
Price spread: −0.162% → 0.000%: −$16.2
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$37.24
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	0.35 bp	8.7 bp −$9	13.9 bp −$139	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
Deribit AAVE_USDC-PERPETUAL	−0.6041%	1h	142.16	−0.657%	$247K	$362K	50x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	143.22	+0.084%	$10K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0035%	1h	143.22	+0.086%	$3.4M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.30	+0.139%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.88	−0.154%	$64K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.97	−0.092%	$69K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.08	+0.685%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.291%	$422	$51K	12x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	142.98	−0.084%	$18K	$10K	10x	as long as short
MEXC AAVE_USDT	+0.0044%	8h	143.18	+0.056%	$27.0M	$24.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERPshort	+0.0044%	1h	142.87	−0.162%	—	—	20x
Binance AAVEUSDT	+0.0046%	8h	143.19	+0.063%	$64.6M	$185.9M	75x	as long as short
SoDEX AAVE-USD	+0.0049%	1h	143.04	−0.042%	$5K	$302K	10x	as long as short
OKX AAVE-USDT-SWAPlong	+0.0068%	8h	143.10	long leg	$17.3M	$65.8M	50x
Gate AAVE_USDT	+0.0070%	8h	142.92	−0.126%	$7.7M	$15.1M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0070%	1h	144.53	+0.999%	$134K	$230K	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.29	+0.133%	$183K	$232K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.38	+0.194%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.02	−0.052%	$121K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.34	+0.166%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	142.95	−0.101%	$796K	$431K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.03	−0.049%	$77.6M	$35.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.98	−0.086%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.38	+0.196%	$327K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.14	+0.028%	$61.3M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.31	+0.147%	$45K	$188K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.936%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.25	+0.105%	$10.7M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.97	−0.091%	$29.7M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.94	−0.112%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.65	+0.384%	$323K	$747K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.60	+0.351%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.45	+0.946%	$104K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.19	+0.761%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.04	−0.042%	$124K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.25	+0.103%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.16	+0.044%	$695K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.16	+0.042%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.95	−0.108%	$916K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.999%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	142.94	−0.114%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	143.24	+0.098%	$767K	$2.8M	50x	as long as short