AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.024%

Price spread now: Hyperliquid against Lighter−0.012%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days+0.087%+$9 · spread now −0.012%, 7d avg −0.040%

Together, before fees+0.082%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$8 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: Hyperliquid is 0.028% dearer against Lighter than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	142.15	0.0096	pay 0.0012% / 1h	41m 02s	$4.5M	$2.4M	10x
Short	Hyperliquid AAVE	142.13	0.0100	get 0.0013% / 1h	41m 02s	$77.8M	$36.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0.84
Price spread: −0.012% → −0.040%: $2.79
Slippage, 4 orders: −$16.87
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$22.25
Costs to cover: 0.259%
Break-even: 192.4 days

Slippage from Lighter: live order book, 7 min ago; Hyperliquid: live order book, 13 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	2.56 bp	3.8 bp −$4	11.0 bp −$110	36.4 bp −$3,640	doesn't fit
Sell Hyperliquid live order book, 13 min ago	0.35 bp	7.1 bp −$7	10.8 bp −$108	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	141.99	−0.110%	$101K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.03	−0.082%	$48K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	141.95	−0.139%	$214K	$392K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.97	−0.125%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.649%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.90	−0.173%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0082%	8h	141.93	−0.153%	$17K	$7K	10x	as long as short
Lighter AAVElong	+0.0096%	1h	142.15	long leg	$4.5M	$2.4M	10x
Paradex AAVE-USD-PERP	+0.0100%	8h	141.92	−0.158%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	141.91	−0.170%	$827K	$394K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid AAVEshort	+0.0100%	1h	142.13	−0.012%	$77.8M	$36.9M	10x
Aster AAVEUSDT	+0.0100%	8h	142.03	−0.082%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.98	−0.117%	$324K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.95	−0.141%	$63.6M	$189.2M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.90	−0.174%	$61.3M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.89	−0.181%	$17.0M	$63.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.03	−0.082%	$63K	$193K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.93	−0.153%	$160K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.96	−0.132%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.95	−0.139%	$23.6M	$24.0M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.97	−0.125%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.98	−0.117%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.93	−0.153%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.17	+0.014%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.98	−0.121%	$108K	$281K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.08	−0.047%	$452K	$3.6M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.02	−0.089%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.00	−0.103%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.91	−0.166%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.95	−0.139%	$5K	$286K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.10	−0.036%	$671K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.93	−0.153%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.91	−0.169%	$915K	$1.7M	50x	as long as short
01 Exchange AAVEUSD	+0.0104%	1h	142.00	−0.103%	$10K	$2K	5x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.97	−0.122%	$120K	$146	10x	as long as short
Phoenix AAVE	+0.0152%	1h	142.06	−0.061%	$5K	$98K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.93	−0.153%	$3.3M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0245%	1h	142.02	−0.088%	$187K	$276K	10x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0252% / S −0.0362%	1h	141.97	−0.126%	$111K	—	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0256%	1h	142.03	−0.082%	$754K	$2.7M	50x	as long as short
Kraken Futures PF_AAVEUSD	+0.0270%	1h	142.01	−0.099%	$3.4M	$2.1M	50x	as long as short
Backpack AAVE_USDC_PERP	+0.0330%	1h	142.09	−0.040%	$388K	$728K	10x	as long as short