AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.061%

Price spread now: GMX against Lighter−0.339%7-day average −0.083% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.155%−$16 on $10k

Price spread, last 4 days (all we have)+0.410%+$41 · spread now −0.339%, 7d avg −0.083%

Together, before fees+0.255%+ Points / potential airdropLighter: Season 3 · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.256% cheaper against Lighter than usual: you would sell low and buy high (spread −0.339% now, against its 7-day average of −0.083%). If the spread goes back, that is −$26 on $10k: about 17 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	142.96	0.0312	pay 0.0039% / 1h	37m 46s	$4.5M	$2.4M	10x
Short	GMX AAVE/USD [AAVE-USDC]	142.47	L +0.0252% / S −0.0362%	get 0.0045% / 1h	37m 46s	$111K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.339%Rate

Funding earned: $10.53
Price spread: −0.339% → −0.083%: −$25.62
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$27.09
Costs to cover: 0.120%
Break-even: 25.0 days

Slippage unknown: Lighter: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.

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, 5 min ago	2.03 bp	3.9 bp −$4	16.7 bp −$167	48.8 bp −$4,876	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado AAVE-PERP	−0.0008%	1h	142.44	−0.362%	$830K	$402K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.69	−0.189%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.40	−0.390%	$55K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.54	−0.292%	$218K	$393K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.48	−0.336%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.195%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.51	−0.310%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0065%	8h	142.49	−0.327%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0076%	8h	142.48	−0.334%	$4.0M	$3.6M	50x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	142.47	−0.341%	$10K	$2K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.75	−0.142%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.84	−0.082%	$78.1M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.74	−0.152%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.77	−0.134%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.74	−0.152%	$63.7M	$189.7M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.76	−0.138%	$61.2M	$68.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.75	−0.145%	$17.1M	$64.6M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.50	−0.320%	$63K	$199K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.52	−0.304%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.60	−0.250%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.77	−0.131%	$25.4M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.71	−0.173%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.65	−0.215%	$29.2M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.67	−0.201%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.41	−0.382%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.70	−0.182%	$105K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.49	−0.328%	$446K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.49	−0.327%	$132K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.60	−0.250%	$134K	$459K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.48	−0.331%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.53	−0.299%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.82	−0.097%	$682K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.50	−0.318%	$903K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.54	−0.294%	$120K	$146	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0113%	1h	142.68	−0.194%	$335K	$728K	10x	as long as short
Phoenix AAVE	+0.0118%	1h	142.39	−0.397%	$4K	$106K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	142.47	−0.343%	$186K	$251K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.24	−0.502%	$3.3M	$3.5M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0238%	1h	142.63	−0.225%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]short	L +0.0252% / S −0.0362%	1h	142.47	−0.339%	$111K	—	100x
Lighter AAVElong	+0.0312%	1h	142.96	long leg	$4.5M	$2.4M	10x
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	142.57	−0.271%	$775K	$2.8M	50x	as long as short