Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h —

Price spread now: gTrade (Gains Network) against Reya+0.079%7-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 gTrade (Gains Network)

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 pays, funding is against you. gTrade (Gains Network) is 0.079% dearer against Reya than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	147.82	0.0044	pay 0.0006% / 1h	32m 17s	—	—	20x
Short	gTrade (Gains Network) AAVE/USD	147.93	L +0.0005% / S −0.0004%	get 0.0000% / 1h	32m 17s	$72K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.079%Rate

Funding earned: −$8.46
Price spread: +0.079% → 0.000%: $7.88
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$16.58
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): 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 Reya no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Reya and gTrade (Gains Network): 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
SoDEX AAVE-USD	−0.0111%	1h	147.93	+0.077%	$5K	$299K	10x	as long as short
Kraken Futures PF_AAVEUSD	−0.0060%	1h	148.08	+0.180%	$3.5M	$2.0M	50x	as long as short
Phoenix AAVE	−0.0039%	1h	147.49	−0.220%	$4K	$95K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	147.93	+0.079%	$106K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	147.87	+0.037%	$76K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	147.99	+0.118%	$215K	$379K	50x	as long as short
gTrade (Gains Network) AAVE/USDshort	L +0.0005% / S −0.0004%	1h	147.93	+0.079%	$72K	—	150x
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−7.344%	$422	$51K	12x	as long as short
OKX AAVE-USDT-SWAP	+0.0034%	8h	148.00	+0.125%	$18.4M	$66.2M	50x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	147.82	long leg	—	—	20x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0058%	1h	147.87	+0.033%	$842K	$433K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0065%	8h	147.91	+0.064%	$18K	$12K	10x	as long as short
MEXC AAVE_USDT	+0.0085%	8h	147.84	+0.017%	$33.5M	$25.1M	200x	as long as short
Binance AAVEUSDT	+0.0086%	8h	147.94	+0.084%	$67.1M	$176.4M	75x	as long as short
01 Exchange AAVEUSD	+0.0088%	1h	147.96	+0.098%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0090%	1h	147.94	+0.083%	$186K	$240K	10x	as long as short
Variational Omni AAVE	+0.0091%	8h	147.15	−0.452%	$3.8M	$1.3M	—	as long as short
Lighter AAVE	+0.0096%	1h	148.16	+0.233%	$4.8M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0096%	8h	147.04	−0.525%	$463K	$3.9M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	147.89	+0.052%	$14K	$4K	20x	as long as short
Bulk AAVE-USD	+0.0100%	1h	147.72	−0.065%	$62K	$3K	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	147.90	+0.057%	$1.4M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	147.99	+0.115%	$346K	$484K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	148.03	+0.145%	$62.7M	$63.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	147.89	+0.050%	$52K	$337K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	147.92	+0.071%	$7.9M	$14.8M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	147.83	+0.010%	$10.4M	$8.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	147.87	+0.037%	$30.5M	$17.1M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	147.91	+0.064%	—	$43.2M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	148.04	+0.152%	$351K	$595K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	147.08	−0.498%	$100K	$310K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	147.44	−0.254%	$137K	$235K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	147.92	+0.071%	$131K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	147.91	+0.064%	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	148.40	+0.394%	$755K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	147.97	+0.104%	$4.2M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	147.90	+0.054%	$956K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	148.07	+0.175%	$125K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0205%	8h	147.68	−0.092%	$3.6M	$5.4M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0208%	1h	148.07	+0.172%	$802K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0269% / S −0.0451%	1h	147.94	+0.087%	$130K	—	100x	as long as short
Hyperliquid AAVE	+0.0544%	1h	148.10	+0.192%	$84.5M	$30.5M	10x	as long as short