AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Polymarket Perps against Lighter+0.061%7-day average −0.077% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$250.252% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.075%+$8 · spread now +0.061%, 7d avg −0.077%

Together, before fees+0.066%+ Points / potential airdropLighter: Season 3 · farm board+$7 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: Polymarket Perps is 0.138% dearer against Lighter than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AAVE	144.02	0.0096	pay 0.0012% / 1h	8m 03s	$4.6M	$1.6M	10x
Short	Polymarket Perps AAVE-USD	144.11	0.0100	get 0.0013% / 1h	8m 03s	$126K	$468K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0.84
Price spread: +0.061% → −0.077%: $13.79
Slippage, 4 orders: −$17.24
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$10.62
Costs to cover: 0.252%
Break-even: 95.5 days

Slippage from Lighter: live order book, 10 min ago; Polymarket Perps: live order book, 14 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	7.4 bp −$7	16.5 bp −$165	49.4 bp −$4,936	doesn't fit
Sell Polymarket Perps live order book, 14 min ago	2.77 bp	6.8 bp −$7	8.1 bp −$81	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
Deribit AAVE_USDC-PERPETUAL	−0.0375%	1h	143.90	−0.085%	$253K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0133%	1h	143.80	−0.154%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0104%	1h	144.07	+0.033%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.10	+0.054%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.12	+0.070%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.90	−0.085%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.00	−0.012%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.97	−0.038%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.903%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.01	−0.008%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AAVEUSDT	+0.0048%	8h	143.88	−0.099%	$65.5M	$185.0M	75x	as long as short
MEXC AAVE_USDT	+0.0049%	8h	143.83	−0.133%	$31.1M	$26.4M	200x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.93	−0.064%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0054%	8h	143.90	−0.085%	$17.4M	$65.9M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0058%	1h	144.02	−0.001%	$134K	$230K	50x	as long as short
Gate AAVE_USDT	+0.0061%	8h	143.86	−0.112%	$7.8M	$15.9M	75x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	−0.033%	$60K	$3K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0090%	8h	144.02	−0.001%	$450K	$3.9M	10x	as long as short
Lighter AAVElong	+0.0096%	1h	144.02	long leg	$4.6M	$1.6M	10x
Aevo AAVE-PERP	+0.0096%	1h	143.91	−0.078%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.08	+0.038%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.01	−0.006%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.02	−0.001%	$799K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.99	−0.022%	$80.0M	$32.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.92	−0.073%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.06	+0.026%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.88	−0.099%	$61.2M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.04	+0.012%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.89	−0.092%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.88	−0.099%	$30.0M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.83	−0.133%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.96	−0.043%	$380K	$707K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.01	−0.007%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.99	−0.020%	$101K	$313K	20x	as long as short
Polymarket Perps AAVE-USDshort	+0.0100%	1h	144.11	+0.061%	$126K	$468K	10x
SunX AAVE-USDT	+0.0100%	8h	144.02	−0.004%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.27	+0.174%	$717K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.89	−0.092%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.88	−0.098%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0169%	8h	144.04	+0.012%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.51	+0.339%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.04	+0.010%	$124K	—	100x	as long as short