AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h +0.023%

Price spread now: Lighter against Phoenix−0.120%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.120% cheaper against Phoenix than usual: you would sell low and buy high, −$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix AAVE	144.42	0.0089	pay 0.0011% / 1h	15m 19s	$5K	$98K	10x
Short	Lighter AAVE	144.25	0.0096	get 0.0012% / 1h	15m 19s	$4.6M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Phoenix. 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 PhoenixbpFee LighterbpOrdersPrice spread, now −0.120%Rate

Funding earned: $1.56
Price spread: −0.120% → 0.000%: −$11.98
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$17.42
Costs to cover: 0.070%
Break-even: 85.1 days

Slippage unknown: Phoenix: no order-book sample; Lighter: live order book, 2 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	1.94 bp	2.9 bp −$3	15.4 bp −$154	51.6 bp −$5,158	doesn't fit

Phoenix: 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
01 Exchange AAVEUSD	−0.0048%	1h	144.10	−0.222%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.12	−0.207%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.30	−0.083%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.08	−0.235%	$228K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.10	−0.219%	$81K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.165%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.08	−0.239%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	144.08	−0.235%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0052%	1h	144.09	−0.229%	$832K	$433K	10x	as long as short
Phoenix AAVElong	+0.0089%	1h	144.42	long leg	$5K	$98K	10x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVEshort	+0.0096%	1h	144.25	−0.120%	$4.6M	$1.5M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	144.15	−0.187%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.23	−0.132%	$78.0M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.16	−0.182%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.13	−0.201%	$329K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.09	−0.232%	$64.5M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.09	−0.229%	$61.5M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.07	−0.242%	$17.3M	$63.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.15	−0.187%	$45K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.91	−0.351%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.11	−0.215%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	144.11	−0.215%	$26.1M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.16	−0.180%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.07	−0.242%	$30.3M	$17.4M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.08	−0.235%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.31	−0.076%	$322K	$692K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	−0.099%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.34	−0.053%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.39	−0.021%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	−0.014%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.14	−0.194%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.05	−0.256%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.07	−0.242%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.38	−0.031%	$695K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.27	−0.104%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.03	−0.272%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.10	−0.222%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.17	−0.172%	$188K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.35	−0.048%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	144.11	−0.218%	$125K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0267%	1h	144.15	−0.186%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	144.32	−0.069%	$785K	$2.8M	50x	as long as short