AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.026%

Price spread now: Lighter against Hyperliquid+0.019%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.122%+$12 · spread now +0.019%, 7d avg +0.043%

Together, before fees+0.128%+ Points / potential airdropHyperliquid: Season 2 · Lighter: 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 0.024% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AAVE	145.93	0.0100	pay 0.0013% / 1h	0m 31s	$80.2M	$33.8M	10x
Short	Lighter AAVE	145.96	0.0096	get 0.0012% / 1h	0m 31s	$4.7M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$0.84
Price spread: +0.019% → +0.043%: −$2.39
Slippage, 4 orders: −$15.28
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$27.51
Costs to cover: 0.243%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; Lighter: live order book, 12 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 Hyperliquid live order book, 3 min ago	0.69 bp	6.3 bp −$6	11.8 bp −$118	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	1.82 bp	7.3 bp −$7	22.9 bp −$229	68.2 bp −$6,819	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	−0.0120%	1h	145.83	−0.069%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0093%	1h	145.62	−0.212%	$255K	$421K	50x	as long as short
Phoenix AAVE	−0.0045%	1h	145.62	−0.212%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0010%	1h	145.62	−0.212%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.83	−0.066%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.58	−0.240%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.66	−0.182%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.147%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	145.79	−0.096%	$30.6M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0042%	8h	145.81	−0.084%	$66.5M	$185.0M	75x	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	145.77	−0.110%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.87	−0.044%	$184K	$246K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.59	−0.233%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.78	−0.103%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0062%	8h	145.81	−0.082%	$17.8M	$67.2M	50x	as long as short
Gate AAVE_USDT	+0.0070%	8h	145.81	−0.082%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.66	−0.186%	$123K	$146	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	145.96	+0.019%	$4.7M	$1.6M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	145.77	−0.111%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.70	−0.154%	$806K	$437K	10x	as long as short
Hyperliquid AAVElong	+0.0100%	1h	145.93	long leg	$80.2M	$33.8M	10x
Aster AAVEUSDT	+0.0100%	8h	145.79	−0.099%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.77	−0.108%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.82	−0.075%	$62.2M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.84	−0.062%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.79	−0.096%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.81	−0.082%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.80	−0.089%	$30.5M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.83	−0.069%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.86	−0.048%	$351K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.35	−0.401%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.58	−0.241%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.53	−0.274%	$460K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.49	−0.302%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.87	−0.041%	$128K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.60	−0.225%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.69	−0.167%	$698K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.62	−0.212%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.77	−0.112%	$935K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	145.63	−0.206%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.65	−0.189%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	145.76	−0.116%	$791K	$3.0M	50x	as long as short