Funding you earn now, next payment 06:00 UTC+0.0218%/8h= +23.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter against Nado+0.016%7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$250.247% of the position
Funding, last 3 days (all we have)+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.016%, 7d avg +0.149%
=Together, before fees−0.056%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.133% cheaper against Nado than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.149%). If the spread goes back, that is −$13 on $10k: about 2.0 days of funding at the current rate (+$7 a day). At the pace of the last 3 days (+0.012% in total) that is about 40 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.012% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 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 | Nado AAVE-PERP | 142.86 | 0.0022 | pay 0.0003% / 1h | 21m 13s | $837K | $403K | 10x |
| Short | Lighter AAVE | 142.89 | 0.0240 | get 0.0030% / 1h | 21m 13s | $4.5M | $2.4M | 10x |
Nado AAVE-PERP
Lighter AAVEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Nado. 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
- $45.8
- Price spread: +0.016% → +0.149%
- −$13.26
- Slippage, 4 orders
- −$17.68
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $7.86
- Costs to cover
- 0.247%
- Break-even
- 5.8 days
Slippage from Nado: live order book, 27 min ago; Lighter: 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 Nado live order book, 27 min ago | 1.05 bp | 7.6 bp −$8 | 17.8 bp −$178 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 4.43 bp | 5.9 bp −$6 | 22.7 bp −$227 | 57.6 bp −$5,758 | 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 | −0.0451% | 1h | 142.59 | −0.192% | $217K | $394K | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 142.79 | −0.051% | $102K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 142.50 | −0.255% | $49K | $1.5M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 142.76 | −0.073% | $80K | — | 150x | as long as short |
| Nado AAVE-PERPlong | +0.0022% | 1h | 142.86 | long leg | $837K | $403K | 10x | |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −4.133% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 142.83 | −0.023% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0070% | 8h | 142.69 | −0.122% | $18K | $10K | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 142.81 | −0.040% | $13K | $4K | 20x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 142.98 | +0.080% | $78.1M | $37.2M | 10x | as long as short |
Deribit AAVE_USDC-PERPETUAL
dYdX AAVE-USD
Kalshi KXAAVEPERP
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Paradex AAVE-USD-PERP
Hyperliquid AAVEShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster AAVEUSDT | +0.0100% | 8h | 142.74 | −0.087% | $1.2M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 142.85 | −0.009% | $327K | $447K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 142.71 | −0.107% | $64.0M | $191.1M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 142.72 | −0.101% | $61.2M | $68.3M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 142.83 | −0.024% | $17.1M | $64.7M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 143.00 | +0.094% | $64K | $198K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 142.28 | −0.409% | $57K | −$0 | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 142.89 | +0.017% | $8.0M | $16.2M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 142.84 | −0.017% | $25.1M | $24.1M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 142.75 | −0.080% | $10.3M | $9.5M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 142.83 | −0.024% | $29.2M | $18.4M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 142.85 | −0.010% | — | $6.5M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 142.03 | −0.583% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 142.15 | −0.500% | $105K | $281K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.13 | −0.512% | $449K | $3.9M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 142.18 | −0.479% | $132K | $222K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 142.96 | +0.066% | $141K | $468K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 142.89 | +0.016% | $2K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 142.68 | −0.129% | $5K | $313K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 142.83 | −0.024% | $678K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 142.77 | −0.066% | $4.0M | $3.6M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 142.63 | −0.168% | $905K | $1.7M | 50x | as long as short |
| 01 Exchange AAVEUSD | +0.0104% | 1h | 142.96 | +0.066% | $10K | $2K | 5x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 142.71 | −0.111% | $121K | $146 | 10x | as long as short |
| Phoenix AAVE | +0.0118% | 1h | 142.32 | −0.381% | $4K | $106K | 10x | as long as short |
| Backpack AAVE_USDC_PERP | +0.0143% | 1h | 142.83 | −0.024% | $339K | $730K | 10x | as long as short |
| RISEx AAVE/USDC | +0.0207% | 1h | 142.96 | +0.068% | $191K | $254K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 142.66 | −0.143% | $3.3M | $3.5M | 100x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0237% | 1h | 142.77 | −0.067% | $3.4M | $2.1M | 50x | as long as short |
| Lighter AAVEshort | +0.0240% | 1h | 142.89 | +0.016% | $4.5M | $2.4M | 10x | |
| GMX AAVE/USD [AAVE-USDC] | L +0.0252% / S −0.0362% | 1h | 142.75 | −0.083% | $112K | — | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0376% | 1h | 142.57 | −0.206% | $760K | $2.9M | 50x | as long as short |
Aster AAVEUSDT
Pacifica AAVE
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
Phemex AAVEUSDT
Extended AAVE-USD
01 Exchange AAVEUSD
Aevo AAVE-PERP
Phoenix AAVE
Backpack AAVE_USDC_PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
Kraken Futures PF_AAVEUSD
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTX