Funding you earn now, next payment 06:00 UTC−0.0260%/8h= −28.5% APRnext payment −$0.32 per $10,000 · paid last 24h −0.001%
Price spread now: Pacifica against Lighter−0.142%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$290.293% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.142%, 7d avg −0.113%
=Together, before fees−0.026%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Pacifica is 0.029% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.113%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AAVE | 142.80 | 0.0360 | pay 0.0045% / 1h | 42m 46s | $4.5M | $2.4M | 10x |
| Short | Pacifica AAVE | 142.60 | 0.0100 | get 0.0013% / 1h | 42m 46s | $326K | $447K | 10x |
Lighter AAVE
Pacifica AAVEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$54.6
- Price spread: −0.142% → −0.113%
- −$2.91
- Slippage, 4 orders
- −$21.26
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$86.76
- Costs to cover
- 0.293%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; Pacifica: 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 Lighter live order book, 5 min ago | 3.66 bp | 4.9 bp −$5 | 14.0 bp −$140 | 45.2 bp −$4,523 | doesn't fit |
| Sell Pacifica live order book, 6 min ago | 3.48 bp | 8.5 bp −$8 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado AAVE-PERP | −0.0031% | 1h | 142.65 | −0.107% | $831K | $402K | 10x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | −0.0031% | 1h | 142.55 | −0.177% | $218K | $393K | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 142.58 | −0.155% | $102K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 142.64 | −0.114% | $55K | $1.5M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 142.64 | −0.114% | $80K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −4.092% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 142.63 | −0.119% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0064% | 8h | 142.55 | −0.177% | $18K | $10K | 10x | as long as short |
| Phemex AAVEUSDT | +0.0075% | 8h | 142.56 | −0.170% | $4.0M | $3.6M | 50x | as long as short |
| 01 Exchange AAVEUSD | +0.0088% | 1h | 142.81 | +0.005% | $10K | $2K | 5x | as long as short |
Nado AAVE-PERP
Deribit AAVE_USDC-PERPETUAL
dYdX AAVE-USD
Kalshi KXAAVEPERP
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Phemex AAVEUSDT
01 Exchange AAVEUSDShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 142.52 | −0.201% | $13K | $4K | 20x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 142.77 | −0.023% | $78.1M | $37.1M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 142.64 | −0.117% | $1.2M | $1.2M | 50x | as long as short |
| Pacifica AAVEshort | +0.0100% | 1h | 142.60 | −0.142% | $326K | $447K | 10x | |
| Binance AAVEUSDT | +0.0100% | 8h | 142.59 | −0.152% | $63.6M | $189.2M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 142.54 | −0.184% | $61.1M | $68.2M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 142.51 | −0.205% | $17.1M | $64.4M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 142.86 | +0.040% | $64K | $199K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 142.94 | +0.095% | $58K | −$0 | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 142.64 | −0.114% | $8.0M | $16.1M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 142.58 | −0.156% | $25.6M | $23.9M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 142.65 | −0.107% | $10.3M | $9.4M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 142.58 | −0.156% | $29.2M | $18.3M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 142.61 | −0.135% | — | $6.5M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 142.88 | +0.054% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 143.12 | +0.221% | $105K | $282K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.99 | +0.131% | $448K | $3.9M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 143.01 | +0.145% | $133K | $222K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 142.76 | −0.030% | $134K | $453K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 142.58 | −0.156% | $1K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 142.55 | −0.177% | $5K | $312K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 142.82 | +0.014% | $682K | $5.2M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 142.48 | −0.226% | $903K | $1.8M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 142.60 | −0.139% | $120K | $146 | 10x | as long as short |
| Backpack AAVE_USDC_PERP | +0.0110% | 1h | 142.61 | −0.135% | $335K | $727K | 10x | as long as short |
| Phoenix AAVE | +0.0118% | 1h | 143.00 | +0.138% | $4K | $106K | 10x | as long as short |
| RISEx AAVE/USDC | +0.0207% | 1h | 142.81 | +0.004% | $186K | $251K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 142.58 | −0.156% | $3.3M | $3.6M | 100x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0238% | 1h | 142.62 | −0.126% | $3.4M | $2.1M | 50x | as long as short |
| GMX AAVE/USD [AAVE-USDC] | L +0.0252% / S −0.0362% | 1h | 142.62 | −0.130% | $112K | — | 100x | as long as short |
| Lighter AAVElong | +0.0360% | 1h | 142.80 | long leg | $4.5M | $2.4M | 10x | |
| Coinbase International AAVE-PERP-INTX | +0.0376% | 1h | 142.68 | −0.086% | $788K | $2.8M | 50x | as long as short |
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Binance AAVEUSDT
Bybit AAVEUSDT
OKX AAVE-USDT-SWAP
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
MEXC AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
SoDEX AAVE-USD
HTX AAVE-USDT
Extended AAVE-USD
Aevo AAVE-PERP
Backpack AAVE_USDC_PERP
Phoenix AAVE
RISEx AAVE/USDC
BloFin AAVE-USDT
Kraken Futures PF_AAVEUSD
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX