AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: Extended against Lighter−0.259%7-day average −0.160% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$260.258% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days+0.281%+$28 · spread now −0.259%, 7d avg −0.160%

Together, before fees+0.277%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.099% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.160%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	141.04	0.0120	pay 0.0015% / 1h	27m 25s	$4.5M	$2.5M	10x
Short	Extended AAVE-USD	140.67	0.0104	get 0.0013% / 1h	27m 25s	$906K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.259%Rate

Funding earned: −$3.36
Price spread: −0.259% → −0.160%: −$9.92
Slippage, 4 orders: −$20.82
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$39.1
Costs to cover: 0.258%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Extended: live order book, 1 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	3.58 bp	3.6 bp −$4	13.1 bp −$131	42.1 bp −$4,213	doesn't fit
Sell Extended live order book, 1 min ago	4.27 bp	8.5 bp −$8	21.7 bp −$217	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
Deribit AAVE_USDC-PERPETUAL	−0.0105%	1h	140.75	−0.206%	$211K	$393K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.87	−0.122%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.61	−0.305%	$53K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.66	−0.272%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.893%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.68	−0.252%	—	—	20x	as long as short
SoDEX AAVE-USD	+0.0072%	1h	140.69	−0.248%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	+0.0080%	1h	140.76	−0.199%	$10K	$2K	5x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	140.71	−0.234%	$17K	$8K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	140.61	−0.305%	$4K	$99K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	140.77	−0.195%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.77	−0.188%	$833K	$406K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.83	−0.149%	$76.9M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.86	−0.126%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.82	−0.155%	$343K	$409K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.76	−0.202%	$63.1M	$192.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.71	−0.234%	$60.6M	$69.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.69	−0.248%	$16.4M	$64.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.86	−0.128%	$94K	$228K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	140.61	−0.305%	$162K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.80	−0.170%	$8.2M	$16.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.73	−0.220%	$22.5M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.79	−0.177%	$10.1M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.71	−0.234%	$28.6M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	140.76	−0.199%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.62	−0.297%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.59	−0.321%	$108K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.66	−0.270%	$440K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.59	−0.319%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.79	−0.177%	$133K	$474K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.77	−0.191%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	140.72	−0.230%	$662K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	140.81	−0.163%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	140.67	−0.259%	$906K	$1.8M	50x
Aevo AAVE-PERP	+0.0104%	1h	140.79	−0.180%	$119K	$146	10x	as long as short
Lighter AAVElong	+0.0120%	1h	141.04	long leg	$4.5M	$2.5M	10x
Backpack AAVE_USDC_PERP	+0.0164%	1h	140.96	−0.057%	$384K	$736K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	140.68	−0.255%	$750K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.69	−0.248%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	140.54	−0.354%	$171K	$301K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0250%	1h	140.83	−0.148%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0360%	1h	140.81	−0.162%	$110K	—	100x	as long as short