AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0165%/8h= −18.1% APRnext payment −$0.21 per $10,000 · paid last 24h −0.025%

Price spread now: Lighter against GMX+0.002%7-day average +0.079% · you sell dearer than you buy

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

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.141%+$14 on $10k

Price spread, last 4 days (all we have)−0.125%−$12 · spread now +0.002%, 7d avg +0.079%

Together, before fees+0.016%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.077% cheaper against GMX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.079%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.141%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AAVE/USD [AAVE-USDC]	142.06	L +0.0261% / S −0.0408%	pay 0.0033% / 1h	50m 25s	$120K	—	100x
Short	Lighter AAVE	142.06	0.0096	get 0.0012% / 1h	50m 25s	$4.5M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. 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 GMXbpFee LighterbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$34.62
Price spread: +0.002% → +0.079%: −$7.72
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$54.34
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 7 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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 7 min ago	2.81 bp	6.8 bp −$7	18.4 bp −$184	53.7 bp −$5,374	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	141.96	−0.067%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0054%	1h	142.08	+0.018%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0031%	1h	142.10	+0.032%	$223K	$396K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.07	+0.014%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.99	−0.046%	$53K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.05	−0.001%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.587%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.98	−0.055%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0046%	8h	141.94	−0.081%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.67	+0.433%	$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
Nado AAVE-PERP	+0.0070%	1h	142.01	−0.032%	$832K	$438K	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	142.06	+0.002%	$4.5M	$1.7M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	142.12	+0.046%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.10	+0.032%	$76.8M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.03	−0.020%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.09	+0.026%	$323K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.00	−0.039%	$63.6M	$184.3M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.01	−0.032%	$61.0M	$65.6M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.98	−0.053%	$17.0M	$63.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.02	−0.025%	$44K	$179K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.04	−0.011%	$7.9M	$15.4M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.99	−0.046%	$25.4M	$23.5M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.04	−0.011%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.91	−0.102%	$28.9M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.98	−0.053%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.28	+0.158%	$346K	$705K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.06	+0.004%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.49	+0.308%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.52	+0.327%	$450K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.48	+0.299%	$132K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.04	−0.011%	$122K	$383K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.07	+0.013%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.46	+0.282%	$685K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.11	+0.039%	$4.0M	$3.7M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.68	+0.438%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.94	−0.082%	$895K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.13	+0.050%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.04	−0.010%	$177K	$241K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.12	+0.046%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]long	L +0.0261% / S −0.0408%	1h	142.06	long leg	$120K	—	100x
Kraken Futures PF_AAVEUSD	+0.0325%	1h	142.19	+0.093%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.538%	$774K	$2.8M	50x	as long as short