Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h —

Price spread now: edgeX against Reya+0.053%65s7-day average — · you sell dearer than you buy

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

Long on Reya Short on edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.053% dearer against Reya than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	141.92	0.0044	pay 0.0006% / 1h	0m 21s	—	—	20x
Short	edgeX AAVEUSDC	141.99	0.0100	get 0.0050% / 4h	1h 00m	$107K	$284K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Reya. 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 ReyabpFee edgeXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $11.73
Price spread: +0.053% → 0.000%: $5.27
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $2
Costs to cover: 0.150%
Break-even: 5.8 days

Slippage unknown: Reya: no order-book sample; edgeX: live order book, 42 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell edgeX live order book, 42 min ago	3.51 bp	8.1 bp −$8	11.7 bp −$117	doesn't fit	doesn't fit

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	−0.0102%	1h	141.93	+0.009%	$215K	$398K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.76	−0.111%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.77	−0.104%	$51K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.96	+0.032%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.493%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	141.92	long leg	—	—	20x
Nado AAVE-PERP	+0.0071%	1h	141.89	−0.019%	$826K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	141.94	+0.016%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.11	+0.136%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.11	+0.134%	$4.5M	$2.5M	10x	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	141.80	−0.084%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.98	+0.043%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.79	−0.088%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.95	+0.023%	$63.8M	$188.8M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.93	+0.009%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.95	+0.023%	$16.9M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.95	+0.023%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.77	−0.107%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.95	+0.023%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.94	+0.016%	$24.2M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.95	+0.023%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.91	−0.005%	$29.0M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.94	+0.016%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.84	−0.054%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDCshort	+0.0100%	4h	141.99	+0.053%	$107K	$284K	20x
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.03	+0.080%	$443K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.08	+0.115%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.01	+0.066%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.95	+0.026%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.96	+0.030%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.15	+0.166%	$673K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.93	+0.009%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.90	−0.011%	$901K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.97	+0.038%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	141.93	+0.009%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0153%	1h	142.10	+0.129%	$77.7M	$36.9M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0167%	1h	142.00	+0.059%	$390K	$727K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.95	+0.023%	$3.3M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.97	+0.036%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	141.93	+0.011%	$188K	$273K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	+0.263%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.02	+0.075%	$3.4M	$2.1M	50x	as long as short