AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h −0.036%

Price spread now: Lighter against GMX+0.100%69s7-day average +0.086% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.135%+$14 on $10k

Price spread, last 4 days (all we have)−0.445%−$44 · spread now +0.100%, 7d avg +0.086%

Together, before fees−0.309%+ Points / potential airdropLighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.086%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.135%, so the current rate has only just turned against you. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AAVE/USD [AAVE-USDC]	140.73	L +0.0252% / S −0.0360%	pay 0.0031% / 1h	29m 05s	$110K	—	100x
Short	Lighter AAVE	140.87	0.0136	get 0.0017% / 1h	29m 05s	$4.5M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. 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 GMXbpFee LighterbpOrdersPrice spread, now +0.100%Rate

Funding earned: −$24.36
Price spread: +0.100% → +0.086%: $1.41
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.94
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	3.58 bp	6.2 bp −$6	18.6 bp −$186	47.9 bp −$4,790	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0105%	1h	140.72	−0.009%	$211K	$393K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	140.70	−0.023%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	140.74	+0.005%	$56K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	140.76	+0.016%	$78K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−2.681%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	140.64	−0.064%	—	—	20x	as long as short
SoDEX AAVE-USD	+0.0079%	1h	140.69	−0.031%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	+0.0080%	1h	140.62	−0.080%	$10K	$2K	5x	as long as short
Orderly PERP_AAVE_USDC	+0.0089%	8h	140.70	−0.024%	$17K	$8K	10x	as long as short
Phoenix AAVE	+0.0096%	1h	140.68	−0.038%	$4K	$99K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	140.70	−0.025%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	140.60	−0.095%	$834K	$405K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	140.82	+0.062%	$76.9M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	140.73	−0.006%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	140.75	+0.009%	$343K	$409K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	140.68	−0.038%	$63.2M	$192.1M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	140.68	−0.038%	$60.6M	$69.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	140.70	−0.024%	$16.5M	$64.4M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	140.75	+0.012%	$94K	$228K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.17	+0.308%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	140.71	−0.016%	$8.2M	$16.3M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	140.70	−0.024%	$22.5M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	140.72	−0.009%	$10.1M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	140.70	−0.024%	$28.6M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	140.68	−0.038%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	140.62	−0.079%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	140.59	−0.104%	$108K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	140.66	−0.052%	$440K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	140.59	−0.102%	$131K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	140.67	−0.045%	$133K	$474K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	140.71	−0.019%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	140.71	−0.018%	$662K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	140.71	−0.016%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	140.65	−0.060%	$906K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	140.74	+0.007%	$119K	$146	10x	as long as short
Lighter AAVEshort	+0.0136%	1h	140.87	+0.100%	$4.5M	$2.5M	10x
Backpack AAVE_USDC_PERP	+0.0169%	1h	140.82	+0.062%	$384K	$736K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	140.72	−0.009%	$749K	$2.7M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	140.69	−0.031%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	140.65	−0.057%	$171K	$300K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0250%	1h	140.77	+0.028%	$3.4M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]long	L +0.0252% / S −0.0360%	1h	140.73	long leg	$110K	—	100x