Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h —

Price spread now: HTX against Reya+0.141%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 HTX

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.141% dearer against Reya than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	144.16	0.0044	pay 0.0006% / 1h	17m 15s	—	—	20x
Short	HTX AAVE-USDT	144.36	0.0100	get 0.0100% / 8h	6h 17m	$699K	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.141%Rate

Funding earned: $11.73
Price spread: +0.141% → 0.000%: $14.15
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: $7.88
Costs to cover: 0.180%
Break-even: 2.3 days

Slippage unknown: Reya: no order-book sample; HTX: live order book, 2 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 HTX live order book, 2 min ago	11.22 bp	21.7 bp −$22	90.9 bp −$909	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 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
01 Exchange AAVEUSD	−0.0040%	1h	144.21	+0.035%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.39	+0.157%	$3.5M	$2.0M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0027%	1h	144.27	+0.077%	$245K	$363K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.33	+0.118%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.27	+0.077%	$70K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.26	+0.071%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.44	+0.195%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.994%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	144.16	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.30	+0.098%	$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_USDT	+0.0066%	8h	144.23	+0.049%	$26.8M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0069%	8h	144.25	+0.063%	$65.2M	$184.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0079%	8h	144.28	+0.084%	$17.3M	$65.3M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.26	+0.072%	$200K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.47	+0.219%	$4.6M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.30	+0.098%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.34	+0.125%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.20	+0.028%	$802K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.31	+0.105%	$78.1M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.18	+0.012%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.32	+0.109%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.26	+0.070%	$61.6M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.23	+0.049%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.197%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.22	+0.042%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.26	+0.070%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.22	+0.042%	$30.0M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.25	+0.063%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.39	+0.160%	$322K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.48	+0.221%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.20	+0.031%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.24	+0.059%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.24	+0.056%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.23	+0.049%	$124K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.20	+0.026%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.27	+0.077%	$5K	$297K	10x	as long as short
HTX AAVE-USDTshort	+0.0100%	8h	144.36	+0.141%	$699K	$5.2M	75x
Phemex AAVEUSDT	+0.0100%	8h	144.24	+0.056%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.24	+0.054%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0245% / S −0.0379%	1h	144.24	+0.058%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.76	+0.417%	$778K	$2.8M	50x	as long as short