Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h —

Price spread now: Paradex against Reya−0.017%7-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 Paradex

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 · Paradex: 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AAVERUSDPERP	142.68	0.0044	pay 0.0006% / 1h	20m 17s	—	—	20x
Short	Paradex AAVE-USD-PERP	142.66	0.0100	get 0.0100% / 8h	1h 20m	$13K	$4K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.017%Rate

Funding earned: $11.73
Price spread: −0.017% → 0.000%: −$1.68
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: $0.05
Costs to cover: 0.100%
Break-even: 7.0 days

Slippage unknown: Reya: no order-book sample; Paradex: 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 Paradex no order-book sample	—	—	—	—	—

Reya and Paradex: 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	142.70	+0.013%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.65	−0.022%	$51K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.66	−0.015%	$216K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.62	−0.045%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.009%	$422	$51K	12x	as long as short
Reya AAVERUSDPERPlong	+0.0044%	1h	142.68	long leg	—	—	20x
Nado AAVE-PERP	+0.0054%	1h	142.65	−0.018%	$830K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.65	−0.022%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.73	+0.035%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.83	+0.105%	$4.5M	$2.5M	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-PERPshort	+0.0100%	8h	142.66	−0.017%	$13K	$4K	20x
Aster AAVEUSDT	+0.0100%	8h	142.70	+0.016%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.71	+0.022%	$326K	$385K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.65	−0.020%	$64.2M	$188.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.58	−0.071%	$61.5M	$67.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.54	−0.099%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.79	+0.077%	$64K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.59	−0.062%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.68	−0.001%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.65	−0.022%	$24.6M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.74	+0.042%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.61	−0.050%	$29.1M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.69	+0.006%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.49	−0.134%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.62	−0.043%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.62	−0.044%	$449K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.66	−0.015%	$133K	$223K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.80	+0.084%	$141K	$472K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.66	−0.014%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.65	−0.022%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.73	+0.033%	$675K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.68	−0.001%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.60	−0.060%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.68	−0.002%	$121K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	142.76	+0.056%	$10K	$2K	5x	as long as short
Backpack AAVE_USDC_PERP	+0.0141%	1h	142.75	+0.049%	$395K	$726K	10x	as long as short
Hyperliquid AAVE	+0.0193%	1h	142.91	+0.161%	$78.1M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.60	−0.057%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.65	−0.025%	$112K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.76	+0.054%	$192K	$274K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.81	+0.091%	$757K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.77	+0.065%	$3.4M	$2.1M	50x	as long as short