AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.038%

Price spread now: Coinbase International against Lighter−0.164%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 3 days (all we have)+0.162%+$16 · spread now −0.164%, 7d avg −0.056%

Together, before fees+0.288%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.109% cheaper against Lighter than usual: you would sell low and buy high (spread −0.164% now, against its 7-day average of −0.056%). If the spread goes back, that is −$11 on $10k: about 2.1 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.126% in total) that is about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	145.30	0.0096	pay 0.0012% / 1h	11m 43s	$4.7M	$1.6M	10x
Short	Coinbase International AAVE-PERP-INTX	145.06	0.0272	get 0.0034% / 1h	11m 43s	$787K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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 LighterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.164%Rate

Funding earned: $36.96
Price spread: −0.164% → −0.056%: −$10.87
Slippage, 4 orders: −$27.68
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$11.59
Costs to cover: 0.377%
Break-even: 9.2 days

Slippage from Lighter: live order book, 6 min ago; Coinbase International: live order book, 2 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 Lighter live order book, 6 min ago	1.93 bp	5.1 bp −$5	18.3 bp −$183	51.4 bp −$5,137	doesn't fit
Sell Coinbase International live order book, 2 min ago	6.20 bp	13.6 bp −$14	18.4 bp −$184	doesn't fit	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	−0.0136%	1h	145.23	−0.047%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0094%	1h	145.18	−0.082%	$255K	$465K	50x	as long as short
Phoenix AAVE	−0.0045%	1h	145.09	−0.144%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0038%	1h	145.16	−0.096%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.12	−0.122%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.19	−0.075%	$66K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.30	+0.002%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.739%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	145.11	−0.130%	$30.7M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0037%	8h	145.09	−0.147%	$66.1M	$185.2M	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	145.19	−0.073%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.26	−0.025%	$181K	$244K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.18	−0.082%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.26	−0.028%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0057%	8h	145.04	−0.178%	$17.6M	$66.9M	50x	as long as short
Gate AAVE_USDT	+0.0064%	8h	145.09	−0.144%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.22	−0.053%	$123K	$146	10x	as long as short
Lighter AAVElong	+0.0096%	1h	145.30	long leg	$4.7M	$1.6M	10x
GRVT AAVE_USDT_Perp	+0.0097%	8h	145.01	−0.196%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.09	−0.147%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.16	−0.092%	$803K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.23	−0.047%	$79.8M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.15	−0.102%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.10	−0.136%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.06	−0.164%	$61.6M	$65.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.08	−0.151%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.07	−0.155%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.05	−0.171%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.08	−0.151%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.04	−0.178%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.19	−0.075%	$347K	$725K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.10	−0.139%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.96	−0.232%	$104K	$317K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.94	−0.247%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.28	−0.013%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.26	−0.025%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.32	+0.014%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.09	−0.144%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.04	−0.182%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0144%	8h	145.05	−0.171%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.29	−0.006%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTXshort	+0.0272%	1h	145.06	−0.164%	$787K	$3.0M	50x