AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0400%/8h= +43.8% APRnext payment +$0.50 per $10,000 · paid last 24h +0.310%

Price spread now: Lighter against Deribit+0.112%7-day average +0.145% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.512%+$51 on $10k

Price spread, last 3 days (all we have)−0.204%−$20 · spread now +0.112%, 7d avg +0.145%

Together, before fees+0.308%+ Points / potential airdropLighter: Season 3 · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.032% cheaper against Deribit than usual: you would sell low and buy high (spread +0.112% now, against its 7-day average of +0.145%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	144.39	−0.0304	get 0.0038% / 1h	35m 06s	$248K	$483K	50x
Short	Lighter AAVE	144.55	0.0096	get 0.0012% / 1h	35m 06s	$4.6M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.112%Rate

Funding earned: $84
Price spread: +0.112% → +0.145%: −$3.24
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $73.76
Costs to cover: 0.070%
Break-even: 0.9 days

Slippage unknown: Deribit: live order book, 49 min ago; Lighter: live order book, 3 min ago. 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 Deribit live order book, 49 min ago	14.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	3.78 bp	8.6 bp −$9	18.2 bp −$182	54.6 bp −$5,465	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-PERPETUALlong	−0.0304%	1h	144.39	long leg	$248K	$483K	50x
SoDEX AAVE-USD	−0.0194%	1h	144.34	−0.035%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.32	−0.048%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.13	−0.180%	$4K	$101K	10x	as long as short
ApeX Omni AAVEUSDT	−0.0026%	1h	144.08	−0.215%	$134K	$229K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.40	+0.010%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.45	+0.042%	$71K	$1.6M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.41	+0.010%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.51	+0.080%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.146%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.34	−0.036%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0052%	8h	144.51	+0.083%	$17.5M	$65.7M	50x	as long as short
Gate AAVE_USDT	+0.0054%	8h	144.46	+0.048%	$7.7M	$15.8M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0055%	8h	144.32	−0.048%	$18K	$12K	10x	as long as short
MEXC AAVE_USDT	+0.0068%	8h	144.40	+0.007%	$31.8M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0068%	8h	144.40	+0.007%	$65.7M	$183.2M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0093%	8h	144.12	−0.190%	$450K	$4.0M	10x	as long as short
Nado AAVE-PERP	+0.0093%	1h	144.34	−0.031%	$801K	$437K	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	144.55	+0.112%	$4.6M	$1.6M	10x
Aevo AAVE-PERP	+0.0096%	1h	144.40	+0.007%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.37	−0.017%	$180K	$241K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.39	−0.003%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.55	+0.111%	$80.2M	$32.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.36	−0.022%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.36	−0.022%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.48	+0.062%	$61.5M	$65.4M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.32	−0.048%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.61	+0.155%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.52	+0.090%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.46	+0.048%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.45	+0.042%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.56	+0.118%	$378K	$702K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.08	−0.215%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.12	−0.189%	$100K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.40	+0.007%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.34	−0.031%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.46	+0.048%	$725K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.43	+0.028%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.35	−0.029%	$928K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0188%	8h	144.32	−0.048%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.021%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.40	+0.006%	$124K	—	100x	as long as short