AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0135%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.054%

Price spread now: Lighter against SoDEX+0.209%7-day average +0.138% · 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−$20as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on SoDEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.092%+$9 on $10k

Price spread, last 3 days (all we have)−0.204%−$20 · spread now +0.209%, 7d avg +0.138%

Together, before fees−0.112%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.071% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.138%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AAVE-USD	145.08	−0.0039	get 0.0005% / 1h	2m 31s	$5K	$302K	10x
Short	Lighter AAVE	145.38	0.0096	get 0.0012% / 1h	2m 31s	$4.7M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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 SoDEXbpFee LighterbpOrdersPrice spread, now +0.209%Rate

Funding earned: $28.25
Price spread: +0.209% → +0.138%: $7.09
Slippage, 4 orders: −$19.09
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $8.26
Costs to cover: 0.271%
Break-even: 5.0 days

Slippage from SoDEX: live order book, 6 min ago; Lighter: live order book, 5 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 SoDEX live order book, 6 min ago	0.34 bp	5.3 bp −$5	10.8 bp −$108	99.6 bp −$9,961	doesn't fit
Sell Lighter live order book, 5 min ago	2.39 bp	3.3 bp −$3	14.0 bp −$140	49.0 bp −$4,902	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
Kraken Futures PF_AAVEUSD	−0.0186%	1h	145.18	+0.070%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	145.00	−0.055%	$11K	$2K	5x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0094%	1h	145.15	+0.048%	$253K	$363K	50x	as long as short
SoDEX AAVE-USDlong	−0.0039%	1h	145.08	long leg	$5K	$302K	10x
dYdX AAVE-USD	0.0000%	1h	145.17	+0.060%	$104K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.43	+0.241%	$65K	$1.5M	3.4x	as long as short
Phoenix AAVE	0.0000%	1h	146.22	+0.786%	$5K	$102K	10x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.14	+0.040%	$70K	—	150x	as long as short
MEXC AAVE_USDT	+0.0030%	8h	145.10	+0.014%	$28.1M	$26.2M	200x	as long as short
Binance AAVEUSDT	+0.0030%	8h	145.09	+0.007%	$65.7M	$183.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.597%	$422	$51K	12x	as long as short
ApeX Omni AAVEUSDT	+0.0043%	1h	145.54	+0.317%	$135K	$231K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	145.15	+0.048%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.98	−0.071%	—	—	20x	as long as short
OKX AAVE-USDT-SWAP	+0.0063%	8h	145.01	−0.048%	$17.6M	$65.8M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.17	+0.062%	$123K	$146	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	145.38	+0.209%	$4.7M	$1.5M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	145.02	−0.039%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.04	−0.028%	$795K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.13	+0.037%	$78.9M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.18	+0.071%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.16	+0.055%	$331K	$469K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.04	−0.028%	$62.1M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.98	−0.069%	$45K	$246K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	145.02	−0.041%	$7.8M	$15.4M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.21	+0.090%	$10.9M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.98	−0.069%	$30.1M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.03	−0.034%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.16	+0.055%	$332K	$744K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.38	+0.205%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.11	+0.710%	$105K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.47	+0.270%	$454K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.04	−0.028%	$126K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.26	+0.121%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.52	+0.306%	$707K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.98	−0.069%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.28	+0.827%	$59K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.90	−0.122%	$934K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0107%	1h	145.02	−0.041%	$184K	$245K	10x	as long as short
BloFin AAVE-USDT	+0.0121%	8h	145.04	−0.028%	$3.5M	$3.4M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0373%	1h	145.11	+0.022%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	145.25	+0.117%	$777K	$2.9M	50x	as long as short