AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Lighter against dYdX+0.049%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1641.639% of the position

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.049%, 7d avg +0.113%

Together, before fees+0.275%+ Points / potential airdropLighter: Season 3 · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.064% cheaper against dYdX than usual: you would sell low and buy high (spread +0.049% now, against its 7-day average of +0.113%). If the spread goes back, that is −$6 on $10k: about 2.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	143.03	0	get 0.0000% / 1h	4m 25s	$102K	$4K	10x
Short	Lighter AAVE	143.10	0.0096	get 0.0012% / 1h	4m 25s	$4.6M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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 dYdXbpFee LighterbpOrdersPrice spread, now +0.049%Rate

Funding earned: $20.16
Price spread: +0.049% → +0.113%: −$6.39
Slippage, 4 orders: −$153.86
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$150.09
Costs to cover: 1.639%
Break-even: 59.1 days

Slippage from dYdX: live order book, 59 min ago; Lighter: live order book, 3 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 dYdX live order book, 59 min ago	69.43 bp	74.4 bp −$74	74.4 bp −$744	74.4 bp −$7,443	74.4 bp −$37.2K
Sell Lighter live order book, 3 min ago	1.85 bp	3.9 bp −$4	17.0 bp −$170	52.2 bp −$5,219	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	−0.4157%	1h	142.34	−0.480%	$226K	$390K	50x	as long as short
01 Exchange AAVEUSD	−0.0056%	1h	142.86	−0.116%	$10K	$2K	5x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	143.03	long leg	$102K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	143.06	+0.023%	$53K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.98	−0.030%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.241%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.68	−0.244%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	142.94	−0.060%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0062%	1h	142.78	−0.172%	$830K	$436K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.30	+0.191%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVEshort	+0.0096%	1h	143.10	+0.049%	$4.6M	$1.5M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	142.87	−0.108%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.83	−0.137%	$77.2M	$35.0M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.00	−0.015%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.98	−0.033%	$325K	$434K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.79	−0.166%	$63.9M	$183.0M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.66	−0.256%	$61.0M	$64.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.69	−0.235%	$17.1M	$63.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.87	−0.109%	$44K	$179K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.99	−0.023%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.89	−0.095%	$7.9M	$15.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.76	−0.186%	$25.7M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.76	−0.186%	$10.6M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.66	−0.256%	$29.9M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.89	−0.095%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.16	+0.093%	$319K	$694K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.80	−0.160%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.18	+0.106%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.38	+0.245%	$448K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.44	+0.289%	$133K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.86	−0.116%	$127K	$423K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.89	−0.093%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.94	−0.060%	$5K	$303K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.19	+0.115%	$688K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.08	+0.037%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.83	−0.138%	$913K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.95	−0.050%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	142.91	−0.085%	$180K	$238K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.79	−0.165%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0263% / S −0.0420%	1h	142.96	−0.044%	$124K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0269%	1h	143.11	+0.060%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.24	+0.149%	$791K	$2.8M	50x	as long as short