AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against Aevo+0.154%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1091.094% of the position

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.243%−$24 · spread now +0.154%, 7d avg +0.114%

Together, before fees−0.237%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.041% dearer against Aevo than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	144.97	0.0104	pay 0.0013% / 1h	44m 37s	$122K	$146	10x
Short	Lighter AAVE	145.19	0.0096	get 0.0012% / 1h	44m 37s	$4.7M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now +0.154%Rate

Funding earned: −$1.68
Price spread: +0.154% → +0.114%: $4.08
Slippage, 4 orders: −$93.36
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$106.96
Costs to cover: 1.094%
Break-even: never at this rate

Slippage from Aevo: live order book, 44 min ago; Lighter: live order book, 3 min ago.

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 Aevo live order book, 44 min ago	32.14 bp	50.1 bp −$50	272.0 bp −$2,720	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.96 bp	3.9 bp −$4	15.0 bp −$150	52.8 bp −$5,280	doesn't fit

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	−0.0439%	1h	144.95	−0.015%	$249K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0193%	1h	144.88	−0.063%	$5K	$311K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.08	+0.075%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	145.11	+0.096%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.04	+0.049%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.00	+0.020%	$74K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.03	+0.039%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.07	+0.067%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.526%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.94	−0.019%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0049%	8h	145.07	+0.068%	$17.6M	$65.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	144.93	−0.028%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0062%	8h	145.05	+0.054%	$7.8M	$15.6M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0066%	1h	145.09	+0.082%	$135K	$229K	50x	as long as short
MEXC AAVE_USDT	+0.0076%	8h	145.06	+0.061%	$32.2M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0076%	8h	145.08	+0.073%	$66.0M	$181.8M	75x	as long as short
Nado AAVE-PERP	+0.0083%	1h	144.94	−0.020%	$804K	$444K	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	145.19	+0.154%	$4.7M	$1.6M	10x
RISEx AAVE/USDC	+0.0097%	1h	145.13	+0.112%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.07	+0.068%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.16	+0.130%	$81.2M	$32.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.99	+0.015%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.06	+0.064%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.10	+0.089%	$61.8M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.08	+0.075%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.14	+0.114%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.08	+0.075%	$10.1M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.06	+0.061%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.06	+0.061%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.07	+0.068%	$381K	$703K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.12	+0.100%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.14	+0.119%	$101K	$313K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.16	+0.132%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.05	+0.054%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.91	−0.039%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.08	+0.074%	$736K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.94	−0.022%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.04	+0.047%	$936K	$1.8M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	144.97	long leg	$122K	$146	10x
BloFin AAVE-USDT	+0.0196%	8h	144.90	−0.049%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.44	+0.323%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.02	+0.031%	$125K	—	100x	as long as short