AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Arcus−0.026%7-day average +0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on Arcus Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.026%, 7d avg +0.116%

Together, before fees+0.287%+ Points / potential airdropLighter: Season 3 · farm board+$29 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 0.142% cheaper against Arcus than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	143.12	0.0100	pay 0.0013% / 1h	3m 24s	$64K	$204K	10x
Short	Lighter AAVE	143.08	0.0096	get 0.0012% / 1h	3m 24s	$4.5M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Arcus. 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 ArcusbpFee LighterbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$0.84
Price spread: −0.026% → +0.116%: −$14.2
Slippage, 4 orders: −$22
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$41.54
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Arcus: live order book, 55 min ago; Lighter: live order book, 4 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 Arcus live order book, 55 min ago	2.81 bp	10.8 bp −$11	25.4 bp −$254	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	2.48 bp	6.6 bp −$7	23.5 bp −$235	58.0 bp −$5,799	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
01 Exchange AAVEUSD	−0.0136%	1h	143.05	−0.049%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.90	−0.156%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.64	−0.335%	$56K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.69	−0.300%	$219K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.07	−0.035%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0011%	1h	142.97	−0.105%	$841K	$449K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.304%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.05	−0.048%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.02	−0.070%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.73	−0.272%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0074%	1h	142.68	−0.307%	$5K	$302K	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	143.08	−0.026%	$4.5M	$2.0M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	143.02	−0.071%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.26	+0.098%	$78.0M	$36.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.05	−0.049%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.00	−0.081%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.06	−0.042%	$63.8M	$187.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.04	−0.056%	$61.4M	$67.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.02	−0.070%	$17.2M	$64.3M	50x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	143.12	long leg	$64K	$204K	10x
Bulk AAVE-USD	+0.0100%	1h	142.53	−0.412%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.07	−0.035%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.06	−0.042%	$25.0M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.11	−0.007%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.00	−0.084%	$29.1M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.05	−0.049%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.91	−0.147%	$335K	$721K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.73	−0.272%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.62	−0.350%	$103K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.87	−0.172%	$460K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.69	−0.300%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.10	−0.014%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.56	−0.392%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	−0.207%	$687K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.72	−0.279%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.93	−0.130%	$898K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.69	−0.298%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.09	−0.024%	$178K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.55	−0.398%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.06	−0.040%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.85	−0.189%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.92	−0.140%	$793K	$2.8M	50x	as long as short