AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.033%

Price spread now: dYdX against Lighter−0.096%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$319as in the Funding arb table

Net, price: spread back to 7d avg − costs−$296as in the Price arb table

costs, in and out, $10k−$2982.977% of the position

Long on Lighter Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.213%−$21 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.096%, 7d avg −0.111%

Together, before fees−0.260%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.111%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	140.91	0.0096	pay 0.0012% / 1h	5m 59s	$4.5M	$2.2M	10x
Short	dYdX AAVE-USD	140.77	0	get 0.0000% / 1h	5m 59s	$101K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$20.16
Price spread: −0.096% → −0.111%: $1.54
Slippage, 4 orders: −$287.73
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$316.35
Costs to cover: 2.977%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; dYdX: live order book, 41 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, 5 min ago	2.09 bp	4.8 bp −$5	14.9 bp −$149	44.4 bp −$4,438	doesn't fit
Sell dYdX live order book, 41 min ago	139.70 bp	144.7 bp −$145	144.7 bp −$1,447	145.2 bp −$14.5K	164.4 bp −$82.2K

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
01 Exchange AAVEUSD	−0.0032%	1h	140.78	−0.092%	$10K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0012%	1h	140.72	−0.135%	$7K	$216K	10x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	140.77	−0.096%	$101K	$6K	10x
Kalshi KXAAVEPERP	0.0000%	8h	140.73	−0.128%	$42K	$1.3M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	140.75	−0.114%	$207K	$304K	50x	as long as short
Bybit AAVEUSDT	+0.0003%	8h	140.61	−0.213%	$60.8M	$58.9M	75x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.66	−0.174%	$78K	—	150x	as long as short
Phoenix AAVE	+0.0028%	1h	140.89	−0.014%	$4K	$81K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.803%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.69	−0.154%	—	—	20x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni AAVE	+0.0067%	8h	140.64	−0.192%	$3.6M	$758K	—	as long as short
Phemex AAVEUSDT	+0.0077%	8h	140.77	−0.099%	$3.9M	$3.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0084%	8h	140.71	−0.142%	$17K	$2K	10x	as long as short
Lighter AAVElong	+0.0096%	1h	140.91	long leg	$4.5M	$2.2M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	140.64	−0.191%	$13K	$444	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.73	−0.128%	$810K	$305K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.81	−0.071%	$77.4M	$27.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.70	−0.149%	$1.2M	$1.0M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.73	−0.128%	$343K	$299K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.65	−0.185%	$63.4M	$158.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.62	−0.206%	$16.1M	$51.3M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.88	−0.021%	$94K	$205K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.86	−0.032%	$166K	$69K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.68	−0.163%	$8.1M	$13.7M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.67	−0.170%	$22.3M	$22.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.76	−0.106%	$10.2M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.68	−0.163%	$29.0M	$15.7M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.61	−0.213%	—	$6.5M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.70	−0.148%	$108K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.87	−0.028%	$448K	$3.0M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.78	−0.092%	$131K	$221K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.80	−0.078%	$132K	$366K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.75	−0.116%	$2K	$1.1M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.11	+0.144%	$637K	$1.4M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.57	−0.238%	$912K	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.74	−0.118%	$119K	—	10x	as long as short
RISEx AAVE/USDC	+0.0112%	1h	140.80	−0.081%	$181K	$226K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0140%	1h	140.78	−0.092%	$385K	$595K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.67	−0.170%	$3.2M	$3.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0240%	1h	140.79	−0.085%	$750K	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0254% / S −0.0365%	1h	140.80	−0.080%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0308%	1h	140.85	−0.041%	$3.4M	$1.8M	50x	as long as short