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: Pacifica against Lighter−0.114%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now −0.114%, 7d avg −0.114%

Together, before fees−0.053%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	145.13	0.0096	pay 0.0012% / 1h	22m 24s	$4.7M	$1.5M	10x
Short	Pacifica AAVE	144.96	0.0100	get 0.0013% / 1h	22m 24s	$330K	$435K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.114%Rate

Funding earned: $0.84
Price spread: −0.114% → −0.114%: −$0.06
Slippage, 4 orders: −$22.56
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$29.78
Costs to cover: 0.306%
Break-even: 255.1 days

Slippage from Lighter: live order book, 5 min ago; Pacifica: live order book, 46 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	1.55 bp	6.4 bp −$6	17.3 bp −$173	47.6 bp −$4,758	doesn't fit
Sell Pacifica live order book, 46 min ago	2.73 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit

AAVE on 41 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	−0.0048%	1h	144.94	−0.131%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.90	−0.159%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.93	−0.138%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.78	−0.241%	$71K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.77	−0.248%	$246K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.91	−0.150%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.65	−0.331%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.629%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.93	−0.137%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.91	−0.152%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0061%	8h	144.99	−0.096%	$27.0M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0061%	8h	144.95	−0.127%	$65.5M	$184.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0076%	8h	144.85	−0.193%	$17.4M	$65.4M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	145.00	−0.087%	$201K	$230K	10x	as long as short
Lighter AAVElong	+0.0096%	1h	145.13	long leg	$4.7M	$1.5M	10x
Aevo AAVE-PERP	+0.0096%	1h	144.80	−0.230%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.99	−0.097%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.96	−0.117%	$806K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.10	−0.021%	$78.6M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.98	−0.101%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVEshort	+0.0100%	1h	144.96	−0.114%	$330K	$435K	10x
Bybit AAVEUSDT	+0.0100%	8h	144.92	−0.145%	$62.0M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.99	−0.096%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	−0.474%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.94	−0.131%	$7.9M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.98	−0.103%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.95	−0.124%	$30.2M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.91	−0.152%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.88	−0.172%	$323K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.74	−0.268%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.51	−0.425%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.84	−0.197%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.79	−0.234%	$135K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.01	−0.083%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.78	−0.238%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.76	−0.255%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.90	−0.158%	$702K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.77	−0.248%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.92	−0.142%	$922K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0242% / S −0.0372%	1h	144.92	−0.145%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.56	−0.393%	$775K	$2.8M	50x	as long as short