Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h —

Price spread now: Pacifica against Reya−0.006%48s7-day average — · you buy dearer than you sell

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

Long on Reya Short on Pacifica

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 · Pacifica: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 48 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	142.87	0.0044	pay 0.0006% / 1h	0m 38s	—	—	20x
Short	Pacifica AAVE	142.86	0.0100	get 0.0013% / 1h	0m 38s	$348K	$366K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.006%Rate

Funding earned: $11.73
Price spread: −0.006% → 0.000%: −$0.6
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$2.87
Costs to cover: 0.140%
Break-even: 8.7 days

Slippage unknown: Reya: no order-book sample; Pacifica: live order book, 33 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 Pacifica live order book, 33 min ago	1.42 bp	5.5 bp −$5	doesn't fit	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
Phemex AAVEUSDT	−0.0121%	8h	143.00	+0.092%	$4.0M	$3.6M	50x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0030%	1h	142.92	+0.036%	$211K	$360K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.87	+0.003%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.07	+0.141%	$51K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.93	+0.044%	$82K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.136%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	142.87	long leg	—	—	20x
01 Exchange AAVEUSD	+0.0072%	1h	142.91	+0.029%	$10K	$2K	5x	as long as short
Orderly PERP_AAVE_USDC	+0.0092%	8h	142.86	−0.006%	$17K	$6K	10x	as long as short
SoDEX AAVE-USD	+0.0093%	1h	142.90	+0.022%	$6K	$285K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.02	+0.107%	$4.6M	$2.6M	10x	as long as short
Phoenix AAVE	+0.0096%	1h	143.07	+0.141%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.79	−0.056%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	142.98	+0.080%	$827K	$384K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.02	+0.106%	$78.3M	$36.7M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.90	+0.025%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	142.86	−0.006%	$348K	$366K	10x
Binance AAVEUSDT	+0.0100%	8h	142.83	−0.029%	$63.9M	$186.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.78	−0.062%	$61.5M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.78	−0.062%	$16.6M	$63.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.01	+0.099%	$98K	$228K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.71	−0.113%	$165K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.83	−0.027%	$8.1M	$16.6M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.81	−0.041%	$22.6M	$24.4M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.87	+0.001%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.82	−0.034%	$29.0M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.83	−0.027%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.82	−0.035%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.97	+0.070%	$110K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.03	+0.113%	$449K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.05	+0.127%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.96	+0.064%	$133K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.05	+0.128%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.09	+0.156%	$671K	$5.3M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.79	−0.057%	$916K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.93	+0.040%	$121K	$146	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	143.20	+0.232%	$761K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.87	+0.001%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	142.94	+0.050%	$173K	$275K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0226%	1h	143.05	+0.127%	$389K	$731K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0246%	1h	143.02	+0.107%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	142.91	+0.028%	$111K	—	100x	as long as short