AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against Aevo+0.186%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$890.890% of the position

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.258%−$26 · spread now +0.186%, 7d avg +0.114%

Together, before fees−0.252%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.072% dearer against Aevo than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	142.95	0.0104	pay 0.0013% / 1h	26m 20s	$121K	$146	10x
Short	Lighter AAVE	143.22	0.0120	get 0.0015% / 1h	26m 20s	$4.5M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now +0.186%Rate

Funding earned: $3.36
Price spread: +0.186% → +0.114%: $7.17
Slippage, 4 orders: −$72.97
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$78.45
Costs to cover: 0.890%
Break-even: 170.4 days

Slippage from Aevo: live order book, 27 min ago; Lighter: live order book, 11 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 Aevo live order book, 27 min ago	22.56 bp	37.7 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	2.33 bp	4.2 bp −$4	18.7 bp −$187	58.8 bp −$5,878	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
dYdX AAVE-USD	0.0000%	1h	143.00	+0.029%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.14	+0.129%	$52K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.92	−0.024%	$218K	$390K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.96	+0.003%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.194%	$422	$51K	12x	as long as short
Phoenix AAVE	+0.0033%	1h	143.58	+0.437%	$4K	$106K	10x	as long as short
Nado AAVE-PERP	+0.0037%	1h	142.94	−0.010%	$835K	$398K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.91	−0.029%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0056%	8h	142.91	−0.031%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0064%	8h	142.95	−0.003%	$4.0M	$3.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange AAVEUSD	+0.0088%	1h	143.01	+0.038%	$10K	$2K	5x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	142.95	−0.003%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.06	+0.075%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.00	+0.028%	$327K	$446K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.96	+0.003%	$63.8M	$188.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.94	−0.010%	$61.5M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.90	−0.038%	$17.0M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.05	+0.066%	$64K	$200K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.96	+0.003%	$8.0M	$16.1M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.01	+0.038%	$25.5M	$23.9M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.01	+0.038%	$10.3M	$9.4M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.87	−0.059%	$29.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.95	−0.003%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.07	+0.080%	$336K	$720K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.66	+0.493%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.36	+0.282%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.34	+0.268%	$452K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.53	+0.402%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.08	+0.087%	$132K	$449K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.93	−0.015%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.93	−0.017%	$5K	$309K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.00	+0.034%	$686K	$5.2M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.31	+0.248%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.85	−0.071%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	142.95	long leg	$121K	$146	10x
Lighter AAVEshort	+0.0120%	1h	143.22	+0.186%	$4.5M	$2.3M	10x
RISEx AAVE/USDC	+0.0132%	1h	143.01	+0.036%	$185K	$252K	10x	as long as short
Hyperliquid AAVE	+0.0201%	1h	143.11	+0.108%	$78.4M	$37.0M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.94	−0.010%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0248%	1h	143.02	+0.048%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.96	0.000%	$112K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	143.68	+0.507%	$788K	$2.8M	50x	as long as short