AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%

Price spread now: dYdX against Lighter−0.077%7-day average −0.112% · you buy dearer than you sell

Net, funding: paid 7d − costs−$227as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$2062.057% of the position

Long on Lighter Short on dYdX

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)−0.048%−$5 · spread now −0.077%, 7d avg −0.112%

Together, before fees−0.256%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.035% dearer against Lighter than usual: you sell high and buy low (spread −0.077% now, against its 7-day average of −0.112%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	144.18	0.0096	pay 0.0012% / 1h	42m 33s	$4.6M	$1.4M	10x
Short	dYdX AAVE-USD	144.07	0	get 0.0000% / 1h	42m 33s	$103K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$20.16
Price spread: −0.077% → −0.112%: $3.51
Slippage, 4 orders: −$195.74
Fee Lighter: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$222.39
Costs to cover: 2.057%
Break-even: never at this rate

Slippage from Lighter: live order book, 10 min ago; dYdX: live order book, 26 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, 10 min ago	1.94 bp	9.8 bp −$10	12.6 bp −$126	42.5 bp −$4,252	doesn't fit
Sell dYdX live order book, 26 min ago	67.94 bp	77.4 bp −$77	206.2 bp −$2,062	387.0 bp −$38.7K	871.7 bp −$435.9K

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
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.41	+0.159%	$3.5M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	143.94	−0.166%	$11K	$2K	5x	as long as short
ApeX Omni AAVEUSDT	−0.0009%	1h	144.47	+0.201%	$134K	$230K	50x	as long as short
dYdX AAVE-USDshort	0.0000%	1h	144.07	−0.077%	$103K	$4K	10x
Kalshi KXAAVEPERP	0.0000%	8h	144.59	+0.284%	$65K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.30	+0.083%	$251K	$362K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.41	+0.162%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.20	+0.014%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.008%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0044%	8h	144.04	−0.097%	$27.4M	$24.7M	200x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.28	+0.069%	$18K	$10K	10x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.40	+0.151%	—	—	20x	as long as short
Binance AAVEUSDT	+0.0044%	8h	143.94	−0.167%	$65.0M	$185.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0067%	8h	143.96	−0.153%	$17.4M	$65.8M	50x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	144.33	+0.104%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.01	−0.119%	$184K	$232K	10x	as long as short
Lighter AAVElong	+0.0096%	1h	144.18	long leg	$4.6M	$1.4M	10x
Phemex AAVEUSDT	+0.0096%	8h	144.35	+0.118%	$4.1M	$3.8M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.09	−0.063%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.97	−0.142%	$800K	$429K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.20	+0.014%	$78.3M	$35.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.08	−0.072%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.05	−0.090%	$329K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.95	−0.160%	$61.6M	$65.3M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.00	−0.125%	$45K	$188K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.180%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.02	−0.111%	$7.7M	$15.0M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.09	−0.062%	$10.8M	$9.1M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.96	−0.153%	$29.9M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.02	−0.111%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.28	+0.069%	$324K	$750K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	+0.071%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.38	+0.136%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.19	+0.006%	$464K	$3.7M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.50	+0.222%	$125K	$417K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.52	+0.233%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.29	+0.076%	$5K	$302K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.44	+0.184%	$700K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.91	−0.187%	$922K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	144.53	+0.243%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0235% / S −0.0366%	1h	144.46	+0.192%	$129K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.64	+0.319%	$778K	$2.8M	50x	as long as short