Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h —

Price spread now: KuCoin against Reya+0.066%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 KuCoin

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 KuCoin is 0.066% dearer against Reya than usual: you sell high and buy low: +$7 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	141.56	0.0044	pay 0.0006% / 1h	58m 28s	—	—	20x
Short	KuCoin AAVEUSDTM	141.65	0.0100	get 0.0100% / 8h	58m 28s	$10.2M	$9.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.066%Rate

Funding earned: $11.73
Price spread: +0.066% → 0.000%: $6.62
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $0.35
Costs to cover: 0.180%
Break-even: 6.8 days

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	1.05 bp	18.5 bp −$18	36.2 bp −$362	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	−0.0032%	1h	141.72	+0.116%	$215K	$398K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.66	+0.071%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.77	+0.151%	$51K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.75	+0.134%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.247%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	141.56	long leg	—	—	20x
Nado AAVE-PERP	+0.0054%	1h	141.58	+0.017%	$824K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0081%	8h	141.71	+0.109%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.11	+0.391%	$5K	$97K	10x	as long as short
Lighter AAVE	+0.0096%	1h	141.81	+0.176%	$4.5M	$2.4M	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	141.60	+0.027%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.73	+0.123%	$77.5M	$36.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.68	+0.088%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.65	+0.064%	$323K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.61	+0.039%	$63.5M	$188.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.59	+0.024%	$61.2M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.60	+0.031%	$16.9M	$63.8M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.72	+0.116%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.77	+0.147%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.66	+0.073%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.63	+0.052%	$24.1M	$23.8M	200x	as long as short
KuCoin AAVEUSDTMshort	+0.0100%	8h	141.65	+0.066%	$10.2M	$9.5M	75x
Bitget AAVEUSDT	+0.0100%	8h	141.57	+0.010%	$28.9M	$17.9M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.63	+0.052%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.84	+0.201%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.88	+0.228%	$107K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.92	+0.260%	$443K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.95	+0.278%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.69	+0.094%	$140K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.78	+0.162%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.71	+0.109%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.91	+0.251%	$672K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.76	+0.144%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.59	+0.021%	$901K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.74	+0.129%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	141.67	+0.080%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0130%	1h	141.78	+0.158%	$389K	$728K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.74	+0.130%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	141.67	+0.078%	$187K	$276K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.73	+0.124%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	142.29	+0.518%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0270%	1h	141.83	+0.190%	$3.4M	$2.1M	50x	as long as short