Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h —

Price spread now: MEXC against Reya+0.050%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 MEXC

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 MEXC is 0.050% 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).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	143.86	0.0044	pay 0.0006% / 1h	1m 51s	—	—	20x
Short	MEXC AAVE_USDT	143.93	0.0100	get 0.0100% / 8h	2h 01m	$25.0M	$24.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.050%Rate

Funding earned: $11.73
Price spread: +0.050% → 0.000%: $5.02
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: $10.75
Costs to cover: 0.060%
Break-even: 0.6 days

Slippage unknown: Reya: no order-book sample; MEXC: 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 MEXC live order book, 2 min ago	0.35 bp	1.8 bp −$2	6.0 bp −$60	36.0 bp −$3,601	95.3 bp −$47.6K

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
dYdX AAVE-USD	0.0000%	1h	143.93	+0.048%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.90	+0.029%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.88	+0.015%	$219K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.88	+0.012%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0030%	1h	143.87	+0.008%	$835K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.795%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	143.86	long leg	—	—	20x
Orderly PERP_AAVE_USDC	+0.0074%	8h	143.85	−0.005%	$18K	$10K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.89	+0.021%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.97	+0.080%	$1.2M	$1.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AAVE	+0.0100%	1h	143.94	+0.056%	$328K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.91	+0.036%	$64.7M	$191.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.88	+0.015%	$61.9M	$68.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.86	+0.001%	$17.3M	$65.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.01	+0.106%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.91	+0.036%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.93	+0.050%	$8.0M	$16.3M	75x	as long as short
MEXC AAVE_USDTshort	+0.0100%	8h	143.93	+0.050%	$25.0M	$24.2M	200x
KuCoin AAVEUSDTM	+0.0100%	8h	143.96	+0.071%	$10.4M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.91	+0.036%	$29.4M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.90	+0.029%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	144.00	+0.099%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.01	+0.105%	$107K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.98	+0.087%	$455K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.07	+0.147%	$134K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.98	+0.085%	$143K	$469K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.90	+0.026%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.88	+0.015%	$5K	$314K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.99	+0.088%	$683K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.90	+0.029%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.85	−0.004%	$915K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.91	+0.037%	$122K	$146	10x	as long as short
Phoenix AAVE	+0.0118%	1h	144.05	+0.134%	$4K	$106K	10x	as long as short
01 Exchange AAVEUSD	+0.0128%	1h	143.95	+0.064%	$11K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0165%	1h	144.12	+0.182%	$78.8M	$37.2M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0167%	1h	144.02	+0.113%	$341K	$727K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.96	+0.070%	$200K	$262K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.87	+0.008%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0235%	1h	144.01	+0.103%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.88	+0.014%	$112K	—	100x	as long as short
Lighter AAVE	+0.0256%	1h	144.13	+0.187%	$4.6M	$2.5M	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.94	+0.057%	$768K	$2.9M	50x	as long as short