AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Arcus against Lighter−0.317%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on Lighter Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.317%, 7d avg −0.116%

Together, before fees+0.159%+ Points / potential airdropLighter: Season 3 · farm board+$16 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: Arcus is 0.201% cheaper against Lighter than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	144.67	0.0096	pay 0.0012% / 1h	43m 47s	$4.6M	$1.4M	10x
Short	Arcus AAVE-USD	144.21	0.0100	get 0.0013% / 1h	43m 47s	$45K	$188K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Lighter. 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 LighterbpFee ArcusbpOrdersPrice spread, now −0.317%Rate

Funding earned: $0.84
Price spread: −0.317% → −0.116%: −$20.1
Slippage, 4 orders: −$27.02
Fee Lighter: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$50.78
Costs to cover: 0.315%
Break-even: 430.2 days

Slippage from Lighter: live order book, 9 min ago; Arcus: live order book, 25 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 Lighter live order book, 9 min ago	1.94 bp	9.8 bp −$10	12.6 bp −$126	42.5 bp −$4,252	doesn't fit
Sell Arcus live order book, 25 min ago	2.39 bp	6.0 bp −$6	20.5 bp −$205	doesn't fit	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
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.60	−0.048%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	144.22	−0.310%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0027%	1h	144.43	−0.165%	$251K	$362K	50x	as long as short
ApeX Omni AAVEUSDT	−0.0009%	1h	144.47	−0.137%	$134K	$230K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.20	−0.327%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.15	−0.358%	$65K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.43	−0.168%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.68	+0.008%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.328%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	144.58	−0.061%	$27.5M	$24.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0043%	8h	144.63	−0.029%	$65.3M	$185.2M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.45	−0.151%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.16	−0.349%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0067%	8h	144.65	−0.012%	$17.5M	$66.2M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.50	−0.113%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.23	−0.300%	$185K	$232K	10x	as long as short
Gate AAVE_USDT	+0.0094%	8h	144.56	−0.075%	$7.8M	$15.0M	75x	as long as short
Lighter AAVElong	+0.0096%	1h	144.67	long leg	$4.6M	$1.4M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	144.14	−0.362%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.16	−0.348%	$801K	$430K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.73	+0.043%	$78.6M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.56	−0.075%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.17	−0.346%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.62	−0.033%	$61.9M	$65.3M	75x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	144.21	−0.317%	$45K	$188K	10x
Bulk AAVE-USD	+0.0100%	1h	144.44	−0.158%	$58K	$2K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.63	−0.026%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.63	−0.026%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.63	−0.026%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.64	−0.019%	$325K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	−0.266%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	−0.202%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.54	−0.087%	$456K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.25	−0.289%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.42	−0.174%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.49	−0.123%	$5K	$302K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.35	−0.219%	$700K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.51	−0.109%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.54	−0.089%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	−0.095%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.31	−0.247%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.57	−0.068%	$777K	$2.8M	50x	as long as short