AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.007%

Price spread now: Lighter against Nado+0.116%7-day average +0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.116%, 7d avg +0.149%

Together, before fees−0.113%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.033% cheaper against Nado than usual: you would sell low and buy high (spread +0.116% now, against its 7-day average of +0.149%). If the spread goes back, that is −$3 on $10k: about 2.3 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.014% in total) that is about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AAVE-PERP	142.68	0.0048	pay 0.0006% / 1h	45m 06s	$827K	$401K	10x
Short	Lighter AAVE	142.85	0.0096	get 0.0012% / 1h	45m 06s	$4.5M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now +0.116%Rate

Funding earned: $10.12
Price spread: +0.116% → +0.149%: −$3.28
Slippage, 4 orders: −$14.91
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.07
Costs to cover: 0.219%
Break-even: 17.4 days

Slippage from Nado: live order book, 63 min ago; Lighter: 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 Nado live order book, 63 min ago	1.05 bp	7.6 bp −$8	17.8 bp −$178	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.33 bp	2.0 bp −$2	15.6 bp −$156	46.8 bp −$4,675	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
dYdX AAVE-USD	0.0000%	1h	142.39	−0.205%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.37	−0.221%	$51K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.76	+0.053%	$217K	$396K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.76	+0.054%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.012%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.69	+0.002%	—	—	20x	as long as short
Nado AAVE-PERPlong	+0.0048%	1h	142.68	long leg	$827K	$401K	10x
Orderly PERP_AAVE_USDC	+0.0077%	8h	142.73	+0.032%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	143.30	+0.431%	$4K	$108K	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	142.85	+0.116%	$4.5M	$2.4M	10x

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	142.36	−0.226%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.68	−0.002%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.45	−0.166%	$325K	$449K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.63	−0.041%	$64.2M	$192.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.55	−0.095%	$61.3M	$68.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.57	−0.081%	$17.0M	$65.5M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.64	−0.032%	$64K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.88	+0.139%	$58K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.67	−0.011%	$8.0M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.72	+0.025%	$25.0M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.74	+0.039%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.66	−0.018%	$29.2M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	142.67	−0.011%	—	$43.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.80	+0.081%	$335K	$724K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.34	−0.242%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.69	+0.004%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.76	+0.051%	$452K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.70	+0.011%	$133K	$223K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.80	+0.081%	$141K	$471K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.76	+0.050%	$1K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.72	+0.025%	$5K	$311K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.93	+0.169%	$678K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.74	+0.039%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.68	−0.005%	$906K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.77	+0.057%	$121K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0128%	1h	142.62	−0.046%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0212%	1h	142.78	+0.067%	$78.1M	$37.2M	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.77	+0.060%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.78	+0.064%	$112K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.60	−0.062%	$195K	$262K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.70	+0.011%	$756K	$2.9M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0316%	1h	142.85	+0.115%	$3.4M	$2.1M	50x	as long as short