Funding arb · Price arb / Crypto

AAVE

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LONGGMX▾Polymarket Perps −0.0667%Hyperliquid −0.0434%ApeX Omni −0.0340%Bybit −0.0311%N1 −0.0216%Deribit −0.0170%Lighter −0.0152%AZverse −0.0141%Variational Omni −0.0095%Avantis −0.0093%Kraken Futures −0.0059%Orderly −0.0046%Gate −0.0045%Paradex −0.0041%Reya 0.0000%OKX 0.0000%dYdX 0.0000%Kalshi 0.0000%KuCoin +0.0031%Binance +0.0033%MEXC +0.0033%Phoenix +0.0034%Aevo +0.0088%Aster +0.0094%Popdex +0.0096%Bitget +0.0097%BingX +0.0099%Nado +0.0100%Pacifica +0.0100%Arcus +0.0100%Backpack +0.0100%edgeX +0.0100%GRVT +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Phemex +0.0100%TxFlow +0.0100%Extended +0.0104%BloFin +0.0133%Injective +0.0172%RISEx +0.0225%gTrade (Gains Network) +0.0473%GMX +0.1115%

⇄⇅

SHORTLighter RH▾gTrade (Gains Network) −0.0775%RISEx +0.0225%Injective +0.0172%BloFin +0.0133%Extended +0.0104%Pacifica +0.0100%Arcus +0.0100%Backpack +0.0100%edgeX +0.0100%GRVT +0.0100%SunX +0.0100%SoDEX +0.0100%HTX +0.0100%Phemex +0.0100%TxFlow +0.0100%Nado +0.0100%BingX +0.0099%Bitget +0.0097%Popdex +0.0096%Aster +0.0094%Aevo +0.0088%Lighter RH +0.0040%Phoenix +0.0034%MEXC +0.0033%Binance +0.0033%KuCoin +0.0031%dYdX 0.0000%Kalshi 0.0000%OKX 0.0000%Reya 0.0000%Paradex −0.0041%Gate −0.0045%Orderly −0.0046%Kraken Futures −0.0059%Variational Omni −0.0095%AZverse −0.0141%Lighter −0.0152%Deribit −0.0170%Avantis +0.0188%N1 −0.0216%Bybit −0.0311%ApeX Omni −0.0340%Hyperliquid −0.0434%Polymarket Perps −0.0667%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	GMXAAVE/USD [AAVE-USDC]	119.09	L +0.1115S −0.0197	pay 0.0139% / 1h	51m 58s	$124K	$75K	50x	Long GMX5% off
SHORT	Lighter RHAAVE	119.19	+0.0040	get 0.0005% / 1h	51m 58s	$102K	$428K	10x	Short Lighter RH+10% pts

Price gap+0.080%

Funding gap−0.1075% /8h

Funding costs $32 a day on $10k at the current rate. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.572% in total, about −0.0297%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now+0.080%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

GMXLighter RH

AAVE on 45 exchanges

lowest funding first

Before you open

3 ok · 1 to watch

• i
  Note: Order book unknown—

  No order-book sample for GMX: its slippage is not counted.
• i
  Note: Margin at max leverage$200 + $1,000

  GMX 50x, Lighter RH 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long GMX · 1h−$33.45

  Short Lighter RH · 1h+$1.20

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$32.25Long GMX: 24 payments, −$33.45; short Lighter RH: 24 payments, +$1.20.
• i
  Note: Gap at its usual level+0.080% vs +0.073%

  The price leg adds little either way.
• !
  Watch: Short leg is thinner$102K vs $124K OI

  Lighter RH sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legLighter RH Points live

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legGMX No · Lighter RH No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0297%/8h × 21 periods−$62.40

Price spread+0.080% → +0.073% (7d avg)+$0.72

Slippage, 4 ordersno data for GMX—

Fee GMX bp × 2 orders−$12.00

Fee Lighter RH bp × 2 orders$0.00

Net, fees only · 7 days · $10k−$73.69

Costs to cover0.120%Break-evennever at this rate

Slippage: GMX: no order-book sample; Lighter RH: live order book, 24 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGGMX—————

SELL · SHORTLighter RH3.234.2 bp−$420.0 bp−$200doesn’t fitdoesn’t fit

Closing costs about the same again.
GMX: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

AAVE news

posts that mention AAVE, from every exchangeSearch all news →

10-23 14:30	Lighter RH	Listing	new market AAVE ($AAVE) seen by our collector
10-15 08:55	Reya	Listing	new market AAVERUSDPERP ($AAVE) seen by our collector
09-29 08:55	ApeX Omni	Other	50 up, 36 down on the ApeX board, median +1.1%. DeFi and payment names swept it: $CRV +21.5%, $HBAR +20.3%, ethereum:0x52a8845df664d76c69d2eea607cd793565af42b8 +15.8%, $XLM +11.2%, $AAVE +11.2%. ethereum:0x52a8845df664d76c69d2eea607cd793565af42b8 has bounced 64% off its August low since ApeX confirmed on 9 Sep that supply is fixed at 500M with no unlocks left. @OfficialApeXdex on X ↗
09-28 15:17	OKX	Other	New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗
09-19 12:00	KuCoin	Other	Altseason 2026 hasn't officially started—CoinMarketCap's Altcoin Season Index sits near 44, well below the 75 threshold, and Bitcoin dominance is still holding around 58%. But a handful of names are already breaking away: HYPE and ZEC are leading on market cap and momentum, LINK and ONDO anchor the RWA/oracle narrative, while UNI, AAVE, XRP, PENGU, PONS, and Binance Life round out the top 10 watchlist. Which 10 altcoins are traders positioning in before the rotation? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗