AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0264%/8h= +28.9% APRnext payment +$0.33 per $10,000 · paid last 24h +0.310%

Price spread now: Lighter against Deribit+0.157%7-day average +0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs+$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.512%+$51 on $10k

Price spread, last 3 days (all we have)−0.250%−$25 · spread now +0.157%, 7d avg +0.145%

Together, before fees+0.262%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.145%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AAVE_USDC-PERPETUAL	143.51	−0.0168	get 0.0021% / 1h	6m 17s	$252K	$489K	50x
Short	Lighter AAVE	143.74	0.0096	get 0.0012% / 1h	6m 17s	$4.6M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.157%Rate

Funding earned: $55.44
Price spread: +0.157% → +0.145%: $1.29
Slippage, 4 orders: −$20.43
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $29.31
Costs to cover: 0.274%
Break-even: 3.3 days

Slippage from Deribit: live order book, 13 min ago; Lighter: live order book, 11 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 Deribit live order book, 13 min ago	4.51 bp	8.4 bp −$8	13.9 bp −$139	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	1.94 bp	3.6 bp −$4	13.0 bp −$130	47.1 bp −$4,707	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-PERPETUALlong	−0.0168%	1h	143.51	long leg	$252K	$489K	50x
SoDEX AAVE-USD	−0.0138%	1h	143.46	−0.035%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0096%	1h	143.38	−0.091%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.10	+0.411%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.54	+0.024%	$102K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.50	−0.007%	$70K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.47	−0.025%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.61	+0.070%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.564%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.36	−0.106%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0047%	8h	143.52	+0.007%	$30.9M	$26.4M	200x	as long as short
Binance AAVEUSDT	+0.0047%	8h	143.53	+0.014%	$65.3M	$185.3M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.38	−0.091%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0054%	8h	143.58	+0.049%	$17.3M	$65.9M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0056%	1h	144.02	+0.355%	$134K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0061%	8h	143.40	−0.077%	$7.7M	$16.0M	75x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	+0.324%	$60K	$3K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.07	+0.390%	$450K	$3.9M	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	143.74	+0.157%	$4.6M	$1.6M	10x
Aevo AAVE-PERP	+0.0096%	1h	143.47	−0.028%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	143.46	−0.038%	$178K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.43	−0.059%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.41	−0.066%	$796K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.48	−0.021%	$79.3M	$33.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.47	−0.030%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.40	−0.077%	$327K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.56	+0.035%	$61.1M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.41	−0.070%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.42	−0.063%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.37	−0.098%	$29.9M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.38	−0.091%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.52	+0.007%	$379K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.01	+0.349%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.06	+0.383%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.45	−0.042%	$125K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.37	−0.101%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.87	+0.253%	$714K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.56	+0.035%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.40	−0.079%	$919K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0167%	8h	143.40	−0.077%	$3.4M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	143.66	+0.105%	$770K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	143.45	−0.041%	$123K	—	100x	as long as short