AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0228%/8h= +25.0% APRnext payment +$0.29 per $10,000 · paid last 24h −0.049%

Price spread now: Kraken Futures against Lighter+0.024%7-day average −0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.024%, 7d avg −0.091%

Together, before fees−0.131%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.116% dearer against Lighter than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.091%. Mind the row above: over the last 7 days funding on this pair cost −0.177%, 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	142.76	0.0096	pay 0.0012% / 1h	25m 43s	$4.5M	$2.0M	10x
Short	Kraken Futures PF_AAVEUSD	142.79	0.0324	get 0.0041% / 1h	25m 43s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.024%Rate

Funding earned: $47.89
Price spread: +0.024% → −0.091%: $11.59
Slippage, 4 orders: −$35.25
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $14.23
Costs to cover: 0.453%
Break-even: 4.9 days

Slippage from Lighter: live order book, 7 min ago; Kraken Futures: live order book, 3 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, 7 min ago	2.98 bp	5.0 bp −$5	16.0 bp −$160	43.4 bp −$4,337	doesn't fit
Sell Kraken Futures live order book, 3 min ago	5.26 bp	13.5 bp −$13	18.9 bp −$189	140.3 bp −$14.0K	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	−0.0152%	1h	142.76	+0.001%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.73	−0.023%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.67	−0.062%	$46K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.66	−0.069%	$219K	$401K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.65	−0.080%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0015%	1h	142.51	−0.171%	$840K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.062%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.59	−0.121%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0048%	8h	142.63	−0.090%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.03	+0.190%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVElong	+0.0096%	1h	142.76	long leg	$4.5M	$2.0M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	142.66	−0.070%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.74	−0.013%	$76.9M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.68	−0.054%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.71	−0.036%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.73	−0.020%	$63.9M	$186.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.76	+0.001%	$61.1M	$67.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.77	+0.008%	$17.1M	$64.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.87	+0.078%	$64K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.50	−0.885%	$57K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.81	+0.036%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.77	+0.008%	$25.2M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.76	+0.001%	$10.5M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.67	−0.062%	$29.0M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.77	+0.008%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.77	+0.008%	$336K	$719K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.60	−0.112%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.66	−0.072%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.75	−0.006%	$446K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.09	+0.232%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.66	−0.069%	$125K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.57	−0.130%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.68	−0.055%	$5K	$292K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.02	+0.182%	$688K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.59	−0.118%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.72	−0.026%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.68	−0.059%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0136%	1h	142.85	+0.066%	$178K	$242K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.72	−0.027%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.59	−0.118%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0324%	1h	142.79	+0.024%	$3.4M	$2.1M	50x
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.09	+0.232%	$793K	$2.8M	50x	as long as short