AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against Aevo+0.248%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$870.873% of the position

Long on Aevo Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.240%−$24 · spread now +0.248%, 7d avg +0.113%

Together, before fees−0.233%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.135% dearer against Aevo than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AAVE-PERP	144.37	0.0104	pay 0.0013% / 1h	59m 42s	$122K	$146	10x
Short	Lighter AAVE	144.73	0.0096	get 0.0012% / 1h	59m 42s	$4.7M	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. 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 AevobpFee LighterbpOrdersPrice spread, now +0.248%Rate

Funding earned: −$1.68
Price spread: +0.248% → +0.113%: $13.48
Slippage, 4 orders: −$71.28
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: −$75.47
Costs to cover: 0.873%
Break-even: never at this rate

Slippage from Aevo: live order book, 4 min ago; Lighter: live order book, 8 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 Aevo live order book, 4 min ago	21.82 bp	37.6 bp −$38	194.2 bp −$1,942	doesn't fit	doesn't fit
Sell Lighter live order book, 8 min ago	2.33 bp	5.3 bp −$5	15.4 bp −$154	50.1 bp −$5,007	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	−0.0072%	1h	144.46	+0.061%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.44	+0.045%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.50	+0.086%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.31	−0.043%	$71K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.36	−0.008%	$245K	$370K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.36	−0.006%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.47	+0.068%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.134%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.30	−0.049%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.36	−0.008%	$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
OKX AAVE-USDT-SWAP	+0.0089%	8h	144.49	+0.082%	$17.3M	$63.9M	50x	as long as short
MEXC AAVE_USDT	+0.0090%	8h	144.55	+0.123%	$26.6M	$23.4M	200x	as long as short
Binance AAVEUSDT	+0.0091%	8h	144.53	+0.111%	$65.2M	$181.8M	75x	as long as short
Lighter AAVEshort	+0.0096%	1h	144.73	+0.248%	$4.7M	$1.5M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	144.51	+0.097%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.38	+0.007%	$803K	$414K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.60	+0.159%	$78.2M	$35.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.39	+0.013%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.56	+0.133%	$329K	$433K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.54	+0.116%	$61.8M	$63.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.53	+0.110%	$45K	$181K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.52	+0.103%	$7.8M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.57	+0.137%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.53	+0.110%	$30.1M	$17.1M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.49	+0.082%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.41	+0.026%	$323K	$718K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.37	−0.001%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	+0.006%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.47	+0.070%	$453K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.40	+0.019%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.42	+0.033%	$126K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.37	0.000%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.33	−0.029%	$5K	$291K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.49	+0.085%	$699K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.36	−0.008%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.07	−0.212%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.45	+0.051%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERPlong	+0.0104%	1h	144.37	long leg	$122K	$146	10x
RISEx AAVE/USDC	+0.0195%	1h	144.54	+0.114%	$200K	$229K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0255% / S −0.0402%	1h	144.35	−0.017%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.53	+0.110%	$776K	$2.8M	50x	as long as short