AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.010%

Price spread now: Lighter against RISEx+0.125%7-day average +0.129% · 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−$22as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on RISEx Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.045%+$5 on $10k

Price spread, last 4 days (all we have)+0.134%+$13 · spread now +0.125%, 7d avg +0.129%

Together, before fees+0.179%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.129%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	144.50	0.0046	pay 0.0006% / 1h	32m 29s	$180K	$246K	10x
Short	Lighter AAVE	144.68	0.0096	get 0.0012% / 1h	32m 29s	$4.6M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against RISEx. 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 RISExbpFee LighterbpOrdersPrice spread, now +0.125%Rate

Funding earned: $10.48
Price spread: +0.125% → +0.129%: −$0.43
Slippage, 4 orders: −$15.35
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.29
Costs to cover: 0.213%
Break-even: 14.5 days

Slippage from RISEx: live order book, 51 min ago; Lighter: live order book, 5 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 RISEx live order book, 51 min ago	2.28 bp	5.3 bp −$5	10.2 bp −$102	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	2.28 bp	7.6 bp −$8	22.0 bp −$220	56.5 bp −$5,646	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	−0.0234%	1h	144.63	+0.092%	$254K	$480K	50x	as long as short
01 Exchange AAVEUSD	−0.0168%	1h	144.41	−0.060%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0060%	1h	144.60	+0.072%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	144.94	+0.307%	$5K	$100K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.56	+0.047%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.57	+0.051%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.71	+0.147%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0033%	8h	144.43	−0.046%	$30.9M	$25.8M	200x	as long as short
Binance AAVEUSDT	+0.0033%	8h	144.36	−0.091%	$65.7M	$185.6M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.216%	$422	$51K	12x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.27	−0.154%	—	—	20x	as long as short
RISEx AAVE/USDClong	+0.0046%	1h	144.50	long leg	$180K	$246K	10x
OKX AAVE-USDT-SWAP	+0.0048%	8h	144.28	−0.150%	$17.5M	$66.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.59	+0.065%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0051%	8h	144.43	−0.046%	$7.8M	$15.8M	75x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	144.69	+0.133%	$3.5M	$2.1M	50x	as long as short
Bulk AAVE-USD	+0.0080%	1h	144.69	+0.131%	$61K	$3K	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.70	+0.140%	$122K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	144.70	+0.143%	$456K	$3.8M	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	144.68	+0.125%	$4.6M	$1.6M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	144.46	−0.022%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.38	−0.077%	$799K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.57	+0.051%	$79.4M	$34.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.54	+0.030%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.49	−0.003%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.29	−0.143%	$61.3M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.45	−0.032%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.48	−0.011%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.35	−0.101%	$30.1M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.49	−0.004%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.67	+0.120%	$380K	$713K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.61	+0.078%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.66	+0.111%	$103K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.57	+0.051%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.37	−0.087%	$126K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.59	+0.068%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.81	+0.221%	$694K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.57	+0.051%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.42	−0.053%	$931K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0133%	8h	144.66	+0.113%	$3.4M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.67	+0.123%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	144.80	+0.210%	$783K	$3.0M	50x	as long as short