AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.003%

Price spread now: Lighter against Arcus+0.035%7-day average +0.111% · 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−$35as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Arcus Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.223%+$22 · spread now +0.035%, 7d avg +0.111%

Together, before fees+0.230%+ 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: Lighter is 0.077% cheaper against Arcus than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus AAVE-USD	141.73	0.0100	pay 0.0013% / 1h	54m 36s	$94K	$205K	10x
Short	Lighter AAVE	141.78	0.0096	get 0.0012% / 1h	54m 36s	$4.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Arcus. 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 ArcusbpFee LighterbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$0.84
Price spread: +0.035% → +0.111%: −$7.67
Slippage, 4 orders: −$22.7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.71
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from Arcus: live order book, 56 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 Arcus live order book, 56 min ago	1.06 bp	5.2 bp −$5	15.9 bp −$159	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.92 bp	8.0 bp −$8	27.3 bp −$273	65.3 bp −$6,528	doesn't fit

AAVE on 42 exchanges

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	−0.0808%	1h	141.61	−0.085%	$208K	$323K	50x	as long as short
SoDEX AAVE-USD	−0.0126%	1h	141.68	−0.035%	$7K	$242K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.61	−0.086%	$102K	$6K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	141.71	−0.014%	$10K	$1K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.66	−0.049%	$45K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.89	+0.110%	$79K	—	150x	as long as short
Phemex AAVEUSDT	+0.0015%	8h	141.64	−0.064%	$3.9M	$3.6M	50x	as long as short
Bybit AAVEUSDT	+0.0020%	8h	141.58	−0.106%	$61.2M	$59.8M	75x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.366%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0041%	1h	141.82	+0.064%	$132K	$221K	50x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	141.63	−0.074%	—	—	20x	as long as short
Phoenix AAVE	+0.0062%	1h	141.94	+0.148%	$4K	$81K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0086%	8h	141.67	−0.042%	$17K	$2K	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	141.78	+0.035%	$4.6M	$2.2M	10x
Variational Omni AAVE	+0.0100%	8h	141.67	−0.043%	$3.7M	$692K	—	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.56	−0.121%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.66	−0.046%	$814K	$310K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.72	−0.007%	$77.8M	$27.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.68	−0.035%	$1.2M	$1.1M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.63	−0.073%	$345K	$312K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.59	−0.099%	$63.7M	$162.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.59	−0.099%	$16.4M	$52.6M	50x	as long as short
Arcus AAVE-USDlong	+0.0100%	1h	141.73	long leg	$94K	$205K	10x
Gate AAVE_USDT	+0.0100%	8h	141.62	−0.078%	$8.2M	$13.5M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.58	−0.106%	$21.9M	$21.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.62	−0.078%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.57	−0.113%	$29.2M	$15.8M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	141.60	−0.092%	—	$43.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	141.80	+0.049%	$388K	$601K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.78	+0.035%	$109K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.84	+0.078%	$453K	$3.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.73	0.000%	$134K	$370K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.68	−0.033%	$1K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.12	+0.275%	$659K	$1.4M	75x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.78	+0.035%	$164K	$106K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.54	−0.135%	$913K	$1.5M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.69	−0.029%	$120K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	141.66	−0.052%	$172K	$206K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.69	−0.028%	$3.3M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	141.87	+0.099%	$752K	$2.2M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0253% / S −0.0360%	1h	141.71	−0.014%	$110K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0306%	1h	141.78	+0.035%	$3.5M	$1.9M	50x	as long as short