AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.05 per $10,000 · paid last 24h −0.064%

Price spread now: Kraken Futures against Lighter−0.086%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 3 days (all we have)+0.339%+$34 · spread now −0.086%, 7d avg −0.093%

Together, before fees+0.157%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.093%, so right now this pair is about funding alone: −$1 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	144.42	0.0096	pay 0.0012% / 1h	45m 21s	$4.6M	$1.6M	10x
Short	Kraken Futures PF_AAVEUSD	144.29	0.0054	get 0.0007% / 1h	45m 21s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$8.75
Price spread: −0.086% → −0.093%: $0.74
Slippage, 4 orders: −$24.18
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$42.2
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; Kraken Futures: 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 Lighter live order book, 2 min ago	2.32 bp	3.9 bp −$4	15.9 bp −$159	47.2 bp −$4,722	doesn't fit
Sell Kraken Futures live order book, 3 min ago	1.74 bp	13.8 bp −$14	20.9 bp −$209	114.2 bp −$11.4K	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
01 Exchange AAVEUSD	−0.0184%	1h	144.28	−0.096%	$11K	$2K	5x	as long as short
SoDEX AAVE-USD	−0.0077%	1h	144.15	−0.186%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0045%	1h	143.99	−0.296%	$5K	$100K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0027%	1h	144.35	−0.047%	$253K	$480K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.33	−0.063%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.01	−0.283%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.39	−0.022%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.164%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0034%	8h	144.28	−0.096%	$31.0M	$25.7M	200x	as long as short
Binance AAVEUSDT	+0.0034%	8h	144.34	−0.054%	$65.5M	$185.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	144.25	−0.114%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	144.33	−0.064%	$180K	$246K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0046%	8h	144.33	−0.061%	$17.4M	$66.2M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	144.33	−0.061%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0054%	1h	144.29	−0.086%	$3.4M	$2.1M	50x
Bulk AAVE-USD	+0.0056%	1h	143.94	−0.331%	$60K	$3K	10x	as long as short
Gate AAVE_USDT	+0.0071%	8h	144.32	−0.068%	$7.8M	$15.8M	75x	as long as short
GRVT AAVE_USDT_Perp	+0.0086%	8h	144.06	−0.244%	$455K	$3.8M	10x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.36	−0.043%	$122K	$146	10x	as long as short
Lighter AAVElong	+0.0096%	1h	144.42	long leg	$4.6M	$1.6M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	144.32	−0.064%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.27	−0.102%	$799K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.41	−0.006%	$79.2M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.31	−0.074%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.29	−0.091%	$329K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.35	−0.047%	$61.3M	$65.6M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.27	−0.102%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.27	−0.102%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.30	−0.082%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.35	−0.047%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.28	−0.096%	$381K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.94	−0.330%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.98	−0.302%	$102K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.17	−0.172%	$134K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.38	−0.026%	$126K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.29	−0.086%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.34	−0.054%	$718K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.18	−0.165%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.21	−0.145%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0136%	8h	143.85	−0.393%	$3.4M	$4.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	144.39	−0.022%	$124K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0272%	1h	143.80	−0.428%	$772K	$3.0M	50x	as long as short