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 Polymarket Perps−0.109%7-day average +0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

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

Long on Polymarket Perps Short on Lighter

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)−0.027%−$3 · spread now −0.109%, 7d avg +0.077%

Together, before fees−0.018%+ Points / potential airdropLighter: Season 3 · farm board−$2 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 0.186% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$19 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	Polymarket Perps AAVE-USD	143.76	0.0100	pay 0.0013% / 1h	6m 55s	$126K	$468K	10x
Short	Lighter AAVE	143.60	0.0096	get 0.0012% / 1h	6m 55s	$4.6M	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$0.84
Price spread: −0.109% → +0.077%: −$18.6
Slippage, 4 orders: −$17.24
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$44.68
Costs to cover: 0.252%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 16 min ago; Lighter: live order book, 11 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 Polymarket Perps live order book, 16 min ago	2.77 bp	7.4 bp −$7	8.8 bp −$88	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	1.94 bp	3.6 bp −$4	13.0 bp −$130	47.1 bp −$4,707	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	−0.0377%	1h	143.45	−0.216%	$252K	$494K	50x	as long as short
SoDEX AAVE-USD	−0.0136%	1h	143.37	−0.271%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0096%	1h	143.92	+0.111%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.10	+0.237%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.97	+0.143%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.83	+0.049%	$70K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.70	−0.041%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.52	−0.166%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.730%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.62	−0.100%	—	—	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	+0.0047%	8h	143.41	−0.243%	$65.3M	$185.2M	75x	as long as short
MEXC AAVE_USDT	+0.0048%	8h	143.42	−0.237%	$30.9M	$26.4M	200x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.41	−0.243%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0055%	8h	143.44	−0.223%	$17.3M	$65.8M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0056%	1h	144.02	+0.181%	$134K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0063%	8h	143.45	−0.216%	$7.7M	$16.0M	75x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	+0.150%	$60K	$3K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.07	+0.216%	$450K	$3.9M	10x	as long as short
Lighter AAVEshort	+0.0096%	1h	143.60	−0.109%	$4.6M	$1.6M	10x
Aevo AAVE-PERP	+0.0096%	1h	143.45	−0.217%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	143.91	+0.103%	$179K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.86	+0.070%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.73	−0.023%	$797K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.52	−0.167%	$79.3M	$33.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.47	−0.202%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.93	+0.120%	$328K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.40	−0.250%	$61.0M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.88	+0.083%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.50	−0.181%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.39	−0.257%	$29.9M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.46	−0.209%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.52	−0.167%	$379K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.01	+0.175%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.06	+0.209%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USDlong	+0.0100%	1h	143.76	long leg	$126K	$468K	10x
SunX AAVE-USDT	+0.0100%	8h	143.39	−0.260%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.55	−0.148%	$714K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.53	−0.160%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.40	−0.253%	$924K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0167%	8h	143.40	−0.250%	$3.4M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	143.91	+0.104%	$770K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]	L +0.0266% / S −0.0438%	1h	143.68	−0.054%	$124K	—	100x	as long as short