AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.006%

Price spread now: Lighter against RISEx+0.037%7-day average +0.129% · 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−$27as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on RISEx Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.045%+$4 on $10k

Price spread, last 4 days (all we have)+0.247%+$25 · spread now +0.037%, 7d avg +0.129%

Together, before fees+0.292%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.092% cheaper against RISEx than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.129%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx AAVE/USDC	142.72	0.0136	pay 0.0017% / 1h	13m 54s	$178K	$241K	10x
Short	Lighter AAVE	142.77	0.0096	get 0.0012% / 1h	13m 54s	$4.5M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against RISEx. 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 RISExbpFee LighterbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$8.39
Price spread: +0.037% → +0.129%: −$9.17
Slippage, 4 orders: −$11.91
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.47
Costs to cover: 0.179%
Break-even: never at this rate

Slippage from RISEx: live order book, 44 min ago; Lighter: live order book, 4 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 RISEx live order book, 44 min ago	1.30 bp	4.3 bp −$4	12.9 bp −$129	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.29 bp	4.9 bp −$5	17.3 bp −$173	46.7 bp −$4,671	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	−0.0144%	1h	142.62	−0.069%	$10K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0030%	1h	142.65	−0.048%	$219K	$401K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	142.64	−0.052%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.69	−0.020%	$46K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.66	−0.040%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0013%	1h	142.64	−0.055%	$840K	$448K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.035%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.57	−0.103%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	142.62	−0.069%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	142.83	+0.078%	$4K	$102K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AAVE-USD	+0.0083%	1h	142.67	−0.034%	$5K	$293K	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	142.77	+0.037%	$4.5M	$2.0M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	142.64	−0.057%	$13K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	142.76	+0.029%	$76.9M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.68	−0.027%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.71	−0.008%	$327K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.63	−0.062%	$63.8M	$186.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.66	−0.041%	$61.1M	$67.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.64	−0.055%	$17.1M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.76	+0.029%	$64K	$203K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.62	−0.067%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.69	−0.020%	$8.1M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.63	−0.062%	$25.1M	$23.8M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.67	−0.034%	$10.5M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.59	−0.090%	$29.0M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.66	−0.041%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	142.74	+0.015%	$336K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	142.61	−0.076%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.71	−0.007%	$103K	$280K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.75	+0.022%	$459K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.78	+0.043%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.69	−0.020%	$124K	$386K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.64	−0.054%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.95	+0.164%	$688K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.67	−0.034%	$4.0M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.61	−0.076%	$896K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.66	−0.042%	$120K	$146	10x	as long as short
RISEx AAVE/USDClong	+0.0136%	1h	142.72	long leg	$178K	$241K	10x
BloFin AAVE-USDT	+0.0220%	8h	142.70	−0.013%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.65	−0.049%	$111K	—	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0324%	1h	142.76	+0.029%	$3.4M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	142.82	+0.071%	$792K	$2.8M	50x	as long as short