Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.012%

Price spread now: Lighter against Bitget+0.077%7-day average +0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days+0.067%+$7 · spread now +0.077%, 7d avg +0.128%

Together, before fees+0.125%+ Points / potential airdropLighter: Season 3 · farm board+$13 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 0.052% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AAVEUSDT	146.25	0.0100	pay 0.0100% / 8h	7h 19m	$30.3M	$17.9M	75x
Short	Lighter AAVE	146.36	0.0096	get 0.0012% / 1h	19m 49s	$4.7M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$0.84
Price spread: +0.077% → +0.128%: −$5.16
Slippage, 4 orders: −$25.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$43.5
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.34 bp	12.3 bp −$12	20.2 bp −$202	35.2 bp −$3,518	doesn't fit
Sell Lighter live order book, 3 min ago	2.80 bp	8.6 bp −$9	18.3 bp −$183	53.8 bp −$5,377	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
Kraken Futures PF_AAVEUSD	−0.0184%	1h	146.37	+0.081%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0160%	1h	146.30	+0.034%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0092%	1h	146.25	0.000%	$5K	$305K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0092%	1h	146.27	+0.014%	$255K	$369K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.28	+0.017%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.34	+0.062%	$78K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.78	+0.362%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.35	+0.068%	$71K	—	150x	as long as short
Gate AAVE_USDT	+0.0007%	8h	146.19	−0.041%	$7.9M	$15.3M	75x	as long as short
Phemex AAVEUSDT	+0.0009%	8h	146.36	+0.075%	$4.2M	$3.8M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0020%	8h	146.27	+0.014%	$29.0M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0021%	8h	146.13	−0.083%	$66.2M	$183.5M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.352%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.23	−0.015%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	146.27	+0.014%	$18K	$10K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	146.12	−0.089%	$17.9M	$66.3M	50x	as long as short
Bybit AAVEUSDT	+0.0068%	8h	146.08	−0.116%	$62.6M	$65.0M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0072%	1h	146.58	+0.226%	$136K	$231K	50x	as long as short
BloFin AAVE-USDT	+0.0084%	8h	146.49	+0.164%	$3.5M	$3.5M	100x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.74	+0.336%	$124K	$146	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	146.36	+0.077%	$4.7M	$1.5M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	146.20	−0.032%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.24	−0.007%	$800K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.26	+0.007%	$79.7M	$35.4M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.34	+0.061%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.28	+0.023%	$334K	$502K	10x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.30	+0.034%	$46K	$278K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.36	+0.072%	$61K	−$0	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.29	+0.027%	$10.4M	$8.9M	75x	as long as short
Bitget AAVEUSDTlong	+0.0100%	8h	146.25	long leg	$30.3M	$17.9M	75x
BingX AAVE-USDC	+0.0100%	8h	146.20	−0.034%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	146.26	+0.007%	$334K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.44	+0.130%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.55	+0.208%	$106K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.62	+0.253%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.33	+0.055%	$127K	$415K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.29	+0.030%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.46	+0.143%	$712K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.17	−0.057%	$939K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	146.33	+0.058%	$185K	$246K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0233% / S −0.0363%	1h	146.34	+0.062%	$128K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	146.44	+0.130%	$785K	$2.9M	50x	as long as short