Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.015%

Price spread now: Gate against Lighter−0.124%7-day average −0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.124%, 7d avg −0.105%

Together, before fees−0.048%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	143.76	0.0096	pay 0.0012% / 1h	9m 01s	$4.6M	$1.5M	10x
Short	Gate AAVE_USDT	143.58	0.0100	get 0.0100% / 8h	6h 09m	$7.8M	$15.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.124%Rate

Funding earned: $0.84
Price spread: −0.124% → −0.105%: −$1.91
Slippage, 4 orders: −$25.26
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$41.33
Costs to cover: 0.403%
Break-even: 351.4 days

Slippage from Lighter: live order book, 4 min ago; Gate: live order book, 5 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, 4 min ago	1.94 bp	5.1 bp −$5	13.8 bp −$138	46.8 bp −$4,683	doesn't fit
Sell Gate live order book, 5 min ago	3.82 bp	15.1 bp −$15	28.8 bp −$288	45.1 bp −$4,513	50.7 bp −$25.3K

AAVE on 41 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
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.70	−0.038%	$3.4M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	143.53	−0.159%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.66	−0.071%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.53	−0.159%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.62	−0.096%	$244K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.64	−0.079%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	143.77	+0.008%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.729%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.60	−0.109%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.64	−0.082%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0077%	8h	143.57	−0.131%	$26.5M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0080%	8h	143.65	−0.075%	$64.8M	$184.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0084%	8h	143.65	−0.075%	$17.2M	$64.9M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.61	−0.104%	$199K	$229K	10x	as long as short
Lighter AAVElong	+0.0096%	1h	143.76	long leg	$4.6M	$1.5M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	143.68	−0.056%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.60	−0.106%	$799K	$421K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.70	−0.040%	$77.8M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.59	−0.117%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.67	−0.060%	$327K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.67	−0.061%	$61.5M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.65	−0.075%	$44K	$181K	10x	as long as short
Gate AAVE_USDTshort	+0.0100%	8h	143.58	−0.124%	$7.8M	$15.2M	75x
KuCoin AAVEUSDTM	+0.0100%	8h	143.59	−0.117%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.61	−0.103%	$29.9M	$17.7M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.58	−0.124%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.67	−0.061%	$320K	$742K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.96	+0.140%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.97	+0.151%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.00	+0.168%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.04	+0.196%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.66	−0.068%	$124K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.63	−0.091%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.62	−0.096%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.91	+0.109%	$697K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.62	−0.096%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.09	+0.234%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.56	−0.138%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.62	−0.093%	$121K	$146	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0250% / S −0.0390%	1h	143.63	−0.089%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.76	+0.697%	$778K	$2.8M	50x	as long as short