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: Lighter against Pacifica+0.089%7-day average +0.113% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$300.305% of the position

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.089%, 7d avg +0.113%

Together, before fees+0.078%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · 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: Lighter is 0.025% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AAVE	144.38	0.0100	pay 0.0013% / 1h	21m 06s	$329K	$505K	10x
Short	Lighter AAVE	144.51	0.0096	get 0.0012% / 1h	21m 06s	$4.6M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Pacifica. 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 PacificabpFee LighterbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$0.84
Price spread: +0.089% → +0.113%: −$2.47
Slippage, 4 orders: −$22.5
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$33.8
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Lighter: live order book, 7 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 Pacifica live order book, 3 min ago	3.46 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	1.93 bp	9.0 bp −$9	19.1 bp −$191	53.7 bp −$5,368	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	−0.0373%	1h	144.34	−0.030%	$248K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0197%	1h	144.30	−0.058%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.30	−0.058%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.53	+0.101%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.47	+0.060%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.25	−0.093%	$71K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.40	+0.010%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	144.44	+0.038%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.142%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.16	−0.153%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AAVE-USDT-SWAP	+0.0049%	8h	144.30	−0.058%	$17.4M	$66.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0050%	1h	144.35	−0.024%	$134K	$229K	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	144.30	−0.058%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0052%	8h	144.31	−0.051%	$7.7M	$15.9M	75x	as long as short
Binance AAVEUSDT	+0.0053%	8h	144.28	−0.072%	$65.7M	$184.5M	75x	as long as short
MEXC AAVE_USDT	+0.0054%	8h	144.29	−0.065%	$31.4M	$26.3M	200x	as long as short
GRVT AAVE_USDT_Perp	+0.0088%	8h	144.39	+0.003%	$460K	$3.9M	10x	as long as short
Nado AAVE-PERP	+0.0092%	1h	144.35	−0.022%	$801K	$436K	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	144.51	+0.089%	$4.6M	$1.6M	10x
Aevo AAVE-PERP	+0.0096%	1h	144.33	−0.037%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	144.35	−0.021%	$180K	$243K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.33	−0.037%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.46	+0.053%	$80.3M	$33.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.27	−0.081%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVElong	+0.0100%	1h	144.38	long leg	$329K	$505K	10x
Bybit AAVEUSDT	+0.0100%	8h	144.34	−0.030%	$61.4M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.31	−0.051%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.36	−0.017%	$10.3M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.29	−0.065%	$30.1M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.29	−0.065%	—	$43.9M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.44	+0.039%	$377K	$704K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.87	+0.337%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.40	+0.013%	$101K	$313K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.37	−0.010%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.16	−0.159%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.47	+0.059%	$719K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.32	−0.044%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.33	−0.034%	$61K	$3K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.28	−0.072%	$929K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0173%	8h	144.37	−0.010%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	144.36	−0.017%	$777K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	144.39	+0.006%	$124K	—	100x	as long as short