AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.01 per $10,000 · paid last 24h −0.010%

Price spread now: RISEx against Lighter−0.065%7-day average −0.130% · 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−$16as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on Lighter Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.149%−$15 · spread now −0.065%, 7d avg −0.130%

Together, before fees−0.195%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and RISEx is 0.065% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	145.88	0.0096	pay 0.0012% / 1h	38m 01s	$4.7M	$1.6M	10x
Short	RISEx AAVE/USDC	145.78	0.0106	get 0.0013% / 1h	38m 01s	$185K	$246K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.065%Rate

Funding earned: $2.09
Price spread: −0.065% → −0.130%: $6.51
Slippage, 4 orders: −$16.12
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$13.52
Costs to cover: 0.221%
Break-even: 52.3 days

Slippage from Lighter: live order book, 5 min ago; RISEx: live order book, 40 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	2.06 bp	5.9 bp −$6	20.2 bp −$202	53.0 bp −$5,305	doesn't fit
Sell RISEx live order book, 40 min ago	1.31 bp	4.3 bp −$4	8.8 bp −$88	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	−0.0093%	1h	145.68	−0.134%	$255K	$401K	50x	as long as short
SoDEX AAVE-USD	−0.0063%	1h	145.65	−0.155%	$5K	$298K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.90	+0.016%	$5K	$99K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.74	−0.095%	$104K	$5K	10x	as long as short
01 Exchange AAVEUSD	0.0000%	1h	145.75	−0.086%	$11K	$2K	5x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.70	−0.121%	$84K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.78	−0.065%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.73	−0.097%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.112%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0041%	8h	145.64	−0.162%	$30.6M	$25.8M	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	+0.0041%	8h	145.65	−0.152%	$66.3M	$185.9M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	145.66	−0.150%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.66	−0.148%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0069%	8h	145.64	−0.162%	$17.8M	$67.3M	50x	as long as short
Gate AAVE_USDT	+0.0077%	8h	145.67	−0.141%	$7.9M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.70	−0.121%	$123K	$146	10x	as long as short
Lighter AAVElong	+0.0096%	1h	145.88	long leg	$4.7M	$1.6M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	145.73	−0.103%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.72	−0.107%	$802K	$441K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.84	−0.025%	$80.4M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.74	−0.093%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.77	−0.073%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.67	−0.141%	$62.1M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.74	−0.093%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.88	+0.003%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.67	−0.141%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.68	−0.134%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.65	−0.155%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.79	−0.059%	$358K	$737K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.91	+0.021%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.86	−0.009%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.97	+0.063%	$461K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.93	+0.037%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.79	−0.059%	$127K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.72	−0.106%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.81	−0.049%	$696K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.68	−0.134%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.63	−0.168%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDCshort	+0.0106%	1h	145.78	−0.065%	$185K	$246K	10x
BloFin AAVE-USDT	+0.0161%	8h	145.71	−0.114%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	145.72	−0.109%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.23	+0.243%	$789K	$3.0M	50x	as long as short