Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.020%

Price spread now: Lighter against Binance+0.225%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 7 days−0.145%−$15 · spread now +0.225%, 7d avg +0.094%

Together, before fees−0.062%+ Points / potential airdropLighter: Season 3 · farm board−$6 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 0.131% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AAVEUSDT	142.67	0.0100	pay 0.0100% / 8h	4h 28m	$63.8M	$186.4M	75x
Short	Lighter AAVE	142.99	0.0096	get 0.0012% / 1h	28m 50s	$4.5M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.225%Rate

Funding earned: −$0.84
Price spread: +0.225% → +0.094%: $13.1
Slippage, 4 orders: −$20.01
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$17.75
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Binance: live order book, 15 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 Binance live order book, 15 min ago	0.35 bp	6.9 bp −$7	12.7 bp −$127	44.2 bp −$4,416	185.3 bp −$92.6K
Sell Lighter live order book, 4 min ago	2.98 bp	10.6 bp −$11	22.2 bp −$222	54.5 bp −$5,453	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	−0.0160%	1h	142.95	+0.196%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.02	+0.245%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.01	+0.238%	$46K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.02	+0.245%	$220K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.07	+0.283%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0010%	1h	143.00	+0.235%	$843K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.002%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.08	+0.289%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	143.02	+0.245%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.03	+0.252%	$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	+0.0085%	1h	142.98	+0.217%	$5K	$292K	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	142.99	+0.225%	$4.5M	$2.0M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	142.99	+0.224%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.87	+0.140%	$77.0M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.87	+0.144%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.02	+0.248%	$327K	$448K	10x	as long as short
Binance AAVEUSDTlong	+0.0100%	8h	142.67	long leg	$63.8M	$186.4M	75x
Bybit AAVEUSDT	+0.0100%	8h	142.68	+0.007%	$61.0M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.68	+0.007%	$17.1M	$64.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.09	+0.294%	$64K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.50	−0.824%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.71	+0.028%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.69	+0.014%	$25.1M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.71	+0.028%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.59	−0.056%	$29.0M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.68	+0.007%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.89	+0.154%	$336K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.70	+0.021%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.66	−0.009%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.75	+0.056%	$446K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.16	−0.357%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.10	+0.301%	$123K	$384K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.11	+0.306%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.17	+0.352%	$689K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.95	+0.196%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.62	−0.033%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.04	+0.260%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	143.05	+0.266%	$178K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.10	+0.301%	$3.4M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.08	+0.287%	$112K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0323%	1h	143.09	+0.297%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.09	+0.294%	$793K	$2.8M	50x	as long as short