AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.004%

Price spread now: Aevo against Lighter−0.036%7-day average −0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$840.844% of the position

Long on Lighter Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.036%, 7d avg −0.117%

Together, before fees+0.040%+ Points / potential airdropLighter: Season 3 · farm board+$4 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: Aevo is 0.080% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	142.34	0.0096	pay 0.0012% / 1h	5m 50s	$4.5M	$2.5M	10x
Short	Aevo AAVE-PERP	142.28	0.0104	get 0.0013% / 1h	5m 50s	$120K	$146	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.036%Rate

Funding earned: $1.68
Price spread: −0.036% → −0.117%: $8.04
Slippage, 4 orders: −$68.43
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$74.71
Costs to cover: 0.844%
Break-even: 318.3 days

Slippage from Lighter: live order book, 7 min ago; Aevo: live order book, 38 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 Lighter live order book, 7 min ago	2.66 bp	3.8 bp −$4	15.3 bp −$153	44.1 bp −$4,410	doesn't fit
Sell Aevo live order book, 38 min ago	23.51 bp	36.8 bp −$37	179.7 bp −$1,797	doesn't fit	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
dYdX AAVE-USD	0.0000%	1h	142.31	−0.020%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.38	+0.031%	$50K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.31	−0.018%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.33	−0.003%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.777%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.29	−0.035%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0069%	1h	142.34	+0.006%	$829K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.30	−0.025%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.48	+0.101%	$4K	$108K	10x	as long as short
Lighter AAVElong	+0.0096%	1h	142.34	long leg	$4.5M	$2.5M	10x

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	142.36	+0.015%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.25	−0.058%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.42	+0.062%	$325K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.17	−0.118%	$63.9M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.14	−0.138%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.15	−0.131%	$17.0M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.48	+0.101%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	+0.010%	$161K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.26	−0.053%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.22	−0.081%	$24.3M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.25	−0.060%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.15	−0.131%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.28	−0.039%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.26	−0.053%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.14	−0.140%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.20	−0.096%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.13	−0.145%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.42	+0.059%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.38	+0.034%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.27	−0.046%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.49	+0.111%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.29	−0.032%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.16	−0.121%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERPshort	+0.0104%	1h	142.28	−0.036%	$120K	$146	10x
01 Exchange AAVEUSD	+0.0112%	1h	142.45	+0.080%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0164%	1h	142.33	−0.004%	$77.8M	$36.9M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0168%	1h	142.42	+0.059%	$391K	$727K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.43	+0.066%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	142.48	+0.098%	$111K	—	100x	as long as short
RISEx AAVE/USDC	+0.0256%	1h	142.45	+0.078%	$189K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	142.29	−0.032%	$755K	$2.8M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.36	+0.020%	$3.4M	$2.1M	50x	as long as short