Funding arb · Price arb /

AAVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Lighter against Aster+0.156%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.156%, 7d avg +0.110%

Together, before fees+0.009%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$1 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 0.046% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AAVEUSDT	146.34	0.0100	pay 0.0100% / 8h	50m 00s	$1.4M	$1.2M	50x
Short	Lighter AAVE	146.57	0.0096	get 0.0012% / 1h	50m 00s	$4.7M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$0.84
Price spread: +0.156% → +0.110%: $4.56
Slippage, 4 orders: −$19.7
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$23.98
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Aster: live order book, 3 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 Aster live order book, 3 min ago	4.45 bp	9.7 bp −$10	35.9 bp −$359	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.37 bp	4.8 bp −$5	18.5 bp −$185	57.7 bp −$5,772	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	−0.0091%	1h	146.37	+0.019%	$256K	$412K	50x	as long as short
Phoenix AAVE	−0.0027%	1h	146.35	+0.006%	$5K	$99K	10x	as long as short
SoDEX AAVE-USD	−0.0020%	1h	146.32	−0.015%	$5K	$298K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	146.55	+0.139%	$105K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	146.42	+0.053%	$83K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	146.44	+0.067%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.41	+0.049%	$71K	—	150x	as long as short
01 Exchange AAVEUSD	+0.0024%	1h	146.53	+0.129%	$11K	$2K	5x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.411%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0042%	8h	146.34	−0.001%	$31.0M	$25.6M	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	+0.0043%	8h	146.33	−0.008%	$66.7M	$185.2M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.30	−0.026%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	146.35	+0.006%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0071%	8h	146.32	−0.015%	$17.9M	$67.5M	50x	as long as short
Gate AAVE_USDT	+0.0078%	8h	146.37	+0.019%	$7.9M	$15.8M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.38	+0.026%	$124K	$146	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	146.57	+0.156%	$4.7M	$1.6M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	146.53	+0.129%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.44	+0.070%	$810K	$438K	10x	as long as short
Aster AAVEUSDTlong	+0.0100%	8h	146.34	long leg	$1.4M	$1.2M	50x
Pacifica AAVE	+0.0100%	1h	146.59	+0.170%	$334K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.32	−0.015%	$62.5M	$66.0M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.48	+0.094%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.49	+0.103%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.36	+0.012%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.37	+0.019%	$30.6M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.32	−0.015%	—	$44.0M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	146.38	+0.024%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	146.32	−0.012%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.39	+0.035%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	146.28	−0.042%	$136K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.52	+0.122%	$128K	$466K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	146.44	+0.068%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	146.62	+0.189%	$702K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	146.40	+0.040%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.31	−0.021%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.52	+0.123%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0163%	8h	146.40	+0.040%	$3.5M	$4.0M	100x	as long as short
Hyperliquid AAVE	+0.0186%	1h	146.53	+0.129%	$81.0M	$34.4M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0216%	1h	146.45	+0.074%	$354K	$733K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.41	+0.045%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	146.43	+0.060%	$795K	$3.0M	50x	as long as short