AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Polymarket Perps against Lighter−0.101%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 3 days (all we have)+0.237%+$24 · spread now −0.101%, 7d avg −0.077%

Together, before fees+0.228%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.024% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	145.33	0.0096	pay 0.0012% / 1h	43m 59s	$4.7M	$1.6M	10x
Short	Polymarket Perps AAVE-USD	145.18	0.0100	get 0.0013% / 1h	43m 59s	$127K	$467K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.101%Rate

Funding earned: $0.84
Price spread: −0.101% → −0.077%: −$2.44
Slippage, 4 orders: −$18.06
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$27.66
Costs to cover: 0.261%
Break-even: 237.5 days

Slippage from Lighter: live order book, 4 min ago; Polymarket Perps: live order book, 43 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	1.96 bp	8.1 bp −$8	13.0 bp −$130	45.1 bp −$4,512	doesn't fit
Sell Polymarket Perps live order book, 43 min ago	2.36 bp	7.7 bp −$8	9.0 bp −$90	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
Deribit AAVE_USDC-PERPETUAL	−0.0301%	1h	145.15	−0.122%	$250K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0187%	1h	145.11	−0.149%	$5K	$311K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.08	−0.170%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	145.11	−0.149%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.04	−0.196%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.06	−0.184%	$74K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.20	−0.085%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.27	−0.042%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.757%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.12	−0.143%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.98	−0.239%	$17.6M	$65.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	145.13	−0.136%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0062%	8h	145.11	−0.149%	$7.8M	$15.6M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0066%	1h	145.09	−0.163%	$135K	$229K	50x	as long as short
MEXC AAVE_USDT	+0.0076%	8h	145.07	−0.177%	$32.2M	$26.1M	200x	as long as short
Binance AAVEUSDT	+0.0076%	8h	145.04	−0.201%	$65.9M	$181.9M	75x	as long as short
Nado AAVE-PERP	+0.0086%	1h	145.05	−0.187%	$805K	$444K	10x	as long as short
Lighter AAVElong	+0.0096%	1h	145.33	long leg	$4.7M	$1.6M	10x
RISEx AAVE/USDC	+0.0097%	1h	145.13	−0.133%	$181K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.07	−0.177%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.27	−0.039%	$81.2M	$32.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.13	−0.136%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.06	−0.181%	$331K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.05	−0.191%	$61.7M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.08	−0.170%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.14	−0.131%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.16	−0.115%	$10.1M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.14	−0.129%	$30.3M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	145.03	−0.204%	—	$44.3M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.23	−0.067%	$381K	$703K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.12	−0.145%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.14	−0.126%	$101K	$313K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.16	−0.113%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	145.18	−0.101%	$127K	$467K	10x
SunX AAVE-USDT	+0.0100%	8h	145.11	−0.152%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.28	−0.030%	$737K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.15	−0.122%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.09	−0.162%	$936K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	145.18	−0.105%	$123K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0196%	8h	144.90	−0.294%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.44	+0.078%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	145.17	−0.106%	$125K	—	100x	as long as short