AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.038%

Price spread now: Lighter against Kraken Futures+0.082%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$460.455% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 4 days (all we have)−0.286%−$29 · spread now +0.082%, 7d avg +0.095%

Together, before fees−0.116%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	143.56	0.0236	pay 0.0029% / 1h	16m 21s	$3.4M	$2.1M	50x
Short	Lighter AAVE	143.67	0.0240	get 0.0030% / 1h	16m 21s	$4.5M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0.84
Price spread: +0.082% → +0.095%: −$1.33
Slippage, 4 orders: −$35.55
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$46.04
Costs to cover: 0.455%
Break-even: 390.4 days

Slippage from Kraken Futures: live order book, 2 min ago; Lighter: live order book, 6 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 Kraken Futures live order book, 2 min ago	6.27 bp	16.5 bp −$17	24.7 bp −$247	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	3.40 bp	7.6 bp −$8	22.6 bp −$226	59.1 bp −$5,910	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
dYdX AAVE-USD	0.0000%	1h	143.46	−0.063%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.42	−0.095%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.41	−0.102%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.45	−0.073%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0023%	1h	143.48	−0.053%	$837K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.595%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.44	−0.081%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.45	−0.074%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0097%	8h	143.40	−0.109%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.41	−0.102%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	143.48	−0.054%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.46	−0.070%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.46	−0.066%	$64.5M	$191.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.44	−0.081%	$61.6M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.42	−0.095%	$17.2M	$65.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.55	−0.004%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.889%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.46	−0.067%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.47	−0.060%	$25.1M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.50	−0.039%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.43	−0.088%	$29.3M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.47	−0.060%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.69	−0.603%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.78	−0.540%	$106K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.47	−0.060%	$457K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.44	−0.081%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.53	−0.018%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.45	−0.076%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.46	−0.067%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.58	+0.018%	$682K	$5.2M	75x	as long as short
Hyperliquid AAVE	+0.0103%	1h	143.64	+0.059%	$78.4M	$37.2M	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.34	−0.153%	$911K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.43	−0.086%	$121K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	143.54	−0.011%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0118%	1h	143.58	+0.017%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0160%	1h	143.52	−0.025%	$340K	$729K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.53	−0.021%	$193K	$256K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.53	−0.018%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0236%	1h	143.56	long leg	$3.4M	$2.1M	50x
Lighter AAVEshort	+0.0240%	1h	143.67	+0.082%	$4.5M	$2.4M	10x
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	143.44	−0.083%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.44	−0.081%	$765K	$2.9M	50x	as long as short