Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h −0.020%

Price spread now: Binance against Lighter−0.126%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 7 days+0.057%+$6 · spread now −0.126%, 7d avg −0.093%

Together, before fees−0.026%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.032% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.093%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	145.04	0.0096	pay 0.0012% / 1h	22m 14s	$4.7M	$1.5M	10x
Short	Binance AAVEUSDT	144.85	0.0061	get 0.0061% / 8h	6h 22m	$65.4M	$184.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.126%Rate

Funding earned: −$7.27
Price spread: −0.126% → −0.093%: −$3.24
Slippage, 4 orders: −$18.25
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.76
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Binance: live order book, 6 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, 6 min ago	1.55 bp	6.4 bp −$6	17.3 bp −$173	47.6 bp −$4,758	doesn't fit
Sell Binance live order book, 6 min ago	0.35 bp	8.3 bp −$8	15.2 bp −$152	50.8 bp −$5,076	174.5 bp −$87.2K

AAVE on 41 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
01 Exchange AAVEUSD	−0.0048%	1h	144.94	−0.066%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.93	−0.073%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.93	−0.074%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.83	−0.142%	$71K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.86	−0.121%	$246K	$363K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.91	−0.085%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.65	−0.266%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.568%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.93	−0.072%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.91	−0.087%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0061%	8h	144.99	−0.032%	$27.0M	$24.9M	200x	as long as short
Binance AAVEUSDTshort	+0.0061%	8h	144.85	−0.126%	$65.4M	$184.4M	75x
OKX AAVE-USDT-SWAP	+0.0077%	8h	144.78	−0.177%	$17.4M	$65.4M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	145.00	−0.022%	$201K	$230K	10x	as long as short
Lighter AAVElong	+0.0096%	1h	145.04	long leg	$4.7M	$1.5M	10x
Aevo AAVE-PERP	+0.0096%	1h	144.92	−0.083%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.99	−0.032%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.96	−0.052%	$806K	$425K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.10	+0.044%	$78.6M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.97	−0.043%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.96	−0.049%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.82	−0.149%	$61.9M	$64.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.99	−0.032%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	−0.409%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.94	−0.066%	$7.9M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.98	−0.039%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.95	−0.059%	$30.2M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.91	−0.087%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.88	−0.108%	$323K	$746K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.74	−0.203%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.51	−0.360%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.84	−0.133%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.79	−0.170%	$135K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.01	−0.018%	$125K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.00	−0.028%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.84	−0.135%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.08	+0.033%	$703K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.83	−0.142%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.79	−0.169%	$922K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0242% / S −0.0372%	1h	144.92	−0.080%	$125K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.56	−0.328%	$775K	$2.8M	50x	as long as short