AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Lighter against dYdX−0.022%7-day average +0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$327as in the Funding arb table

Net, price: spread back to 7d avg − costs−$362as in the Price arb table

costs, in and out, $10k−$3483.481% of the position

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.022%, 7d avg +0.112%

Together, before fees+0.367%+ Points / potential airdropLighter: Season 3 · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.135% cheaper against dYdX than usual: you would sell low and buy high (spread −0.022% now, against its 7-day average of +0.112%). If the spread goes back, that is −$13 on $10k: about 4.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX AAVE-USD	146.16	0	get 0.0000% / 1h	22m 22s	$104K	$5K	10x
Short	Lighter AAVE	146.12	0.0096	get 0.0012% / 1h	22m 22s	$4.7M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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 dYdXbpFee LighterbpOrdersPrice spread, now −0.022%Rate

Funding earned: $20.16
Price spread: −0.022% → +0.112%: −$13.46
Slippage, 4 orders: −$338.11
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$341.42
Costs to cover: 3.481%
Break-even: 125.5 days

Slippage from dYdX: live order book, 56 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 dYdX live order book, 56 min ago	158.47 bp	165.3 bp −$165	165.5 bp −$1,655	165.5 bp −$16.6K	265.7 bp −$132.9K
Sell Lighter live order book, 5 min ago	2.39 bp	7.5 bp −$7	19.2 bp −$192	54.8 bp −$5,481	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
SoDEX AAVE-USD	−0.0069%	1h	145.77	−0.264%	$5K	$305K	10x	as long as short
Phoenix AAVE	−0.0027%	1h	145.94	−0.147%	$5K	$99K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0024%	1h	146.16	+0.003%	$255K	$389K	50x	as long as short
01 Exchange AAVEUSD	−0.0016%	1h	146.47	+0.215%	$11K	$2K	5x	as long as short
dYdX AAVE-USDlong	0.0000%	1h	146.16	long leg	$104K	$5K	10x
Kalshi KXAAVEPERP	0.0000%	8h	145.74	−0.284%	$84K	$1.5M	3.4x	as long as short
Kraken Futures PF_AAVEUSD	+0.0002%	1h	145.88	−0.186%	$3.5M	$2.1M	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	146.28	+0.084%	$71K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−6.292%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0040%	8h	146.20	+0.030%	$29.9M	$26.0M	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	+0.0041%	8h	146.30	+0.101%	$66.7M	$186.4M	75x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	146.34	+0.124%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0053%	8h	146.17	+0.010%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0073%	8h	146.34	+0.126%	$7.9M	$15.9M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0073%	8h	146.16	+0.003%	$18.0M	$67.8M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	146.19	+0.024%	$123K	$146	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	146.12	−0.022%	$4.7M	$1.6M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	146.32	+0.111%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	146.36	+0.140%	$806K	$442K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	146.49	+0.229%	$80.8M	$34.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	146.51	+0.243%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	146.12	−0.027%	$333K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	146.23	+0.051%	$62.4M	$66.1M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	146.40	+0.167%	$51K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	146.07	−0.058%	$61K	$360	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	146.46	+0.208%	$10.0M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	146.17	+0.010%	$30.4M	$18.3M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	146.24	+0.058%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.91	−0.168%	$347K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	146.07	−0.060%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.77	−0.265%	$105K	$316K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	146.03	−0.084%	$462K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.72	−0.298%	$135K	$229K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	146.44	+0.195%	$128K	$457K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.59	−0.384%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.81	−0.236%	$689K	$5.1M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.80	−0.243%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	146.32	+0.113%	$940K	$1.7M	50x	as long as short
RISEx AAVE/USDC	+0.0106%	1h	146.52	+0.246%	$186K	$246K	10x	as long as short
BloFin AAVE-USDT	+0.0161%	8h	145.75	−0.277%	$3.5M	$4.1M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0267% / S −0.0438%	1h	146.32	+0.113%	$126K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0280%	1h	145.90	−0.175%	$786K	$3.0M	50x	as long as short