Funding you earn now, next payment 21:00 UTC+0.0190%/8h= +20.8% APRnext payment +$0.24 per $10,000 · paid last 24h −0.035%
Price spread now: GMX against Coinbase International−0.231%7-day average −0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.231%−$23 on $10k
+Price spread, last 3 days (all we have)+0.337%+$34 · spread now −0.231%, 7d avg −0.017%
=Funding pays, the price is against you. GMX is 0.214% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of −0.017%). If the spread goes back, that is −$21 on $10k: about 3.8 days of funding at the current rate (+$6 a day). Mind the row above: over the last 3 days funding on this pair cost −0.231%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International AAVE-PERP-INTX | 145.44 | 0.0248 | pay 0.0031% / 1h | 45m 56s | $782K | $3.0M | 50x |
| Short | GMX AAVE/USD [AAVE-USDC] | 145.10 | L +0.0266% / S −0.0438% | get 0.0055% / 1h | 45m 56s | $125K | — | 100x |
Coinbase International AAVE-PERP-INTX
GMX AAVE/USD [AAVE-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $39.81
- Price spread: −0.231% → −0.017%
- −$21.4
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$3.59
- Costs to cover
- 0.220%
- Break-even
- 7.6 days
Slippage unknown: Coinbase International: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.
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 Coinbase International live order book, 3 min ago | 4.47 bp | 14.2 bp −$14 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0370% | 1h | 145.01 | −0.296% | $250K | $483K | 50x | as long as short |
| SoDEX AAVE-USD | −0.0186% | 1h | 144.95 | −0.337% | $5K | $311K | 10x | as long as short |
| 01 Exchange AAVEUSD | −0.0136% | 1h | 145.08 | −0.248% | $11K | $2K | 5x | as long as short |
| Phoenix AAVE | −0.0044% | 1h | 145.11 | −0.227% | $4K | $101K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 145.16 | −0.192% | $104K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 145.20 | −0.165% | $74K | $1.5M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 145.10 | −0.233% | $70K | — | 150x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0012% | 1h | 145.16 | −0.195% | $3.5M | $2.0M | 50x | as long as short |
| ApeX Omni AAVEUSDT | +0.0019% | 1h | 145.02 | −0.289% | $135K | $229K | 50x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −5.831% | $422 | $51K | 12x | as long as short |
Deribit AAVE_USDC-PERPETUAL
SoDEX AAVE-USD
01 Exchange AAVEUSD
Phoenix AAVE
dYdX AAVE-USD
Kalshi KXAAVEPERP
gTrade (Gains Network) AAVE/USD
Kraken Futures PF_AAVEUSD
ApeX Omni AAVEUSDT
Injective AAVE/USDC PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya AAVERUSDPERP | +0.0044% | 1h | 145.06 | −0.264% | — | — | 20x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0049% | 8h | 144.95 | −0.337% | $17.6M | $65.6M | 50x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0057% | 8h | 145.01 | −0.296% | $18K | $12K | 10x | as long as short |
| Gate AAVE_USDT | +0.0062% | 8h | 144.99 | −0.309% | $7.7M | $15.6M | 75x | as long as short |
| Nado AAVE-PERP | +0.0077% | 1h | 145.08 | −0.249% | $805K | $444K | 10x | as long as short |
| Binance AAVEUSDT | +0.0078% | 8h | 144.98 | −0.318% | $65.9M | $181.8M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0079% | 8h | 145.00 | −0.303% | $32.2M | $26.1M | 200x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 145.17 | −0.188% | $4.7M | $1.6M | 10x | as long as short |
| RISEx AAVE/USDC | +0.0097% | 1h | 145.15 | −0.199% | $181K | $242K | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 145.08 | −0.249% | $14K | $4K | 20x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 145.12 | −0.220% | $81.1M | $32.5M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 145.05 | −0.271% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 145.10 | −0.230% | $331K | $505K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 145.02 | −0.289% | $61.7M | $64.9M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 145.10 | −0.234% | $50K | $274K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 145.14 | −0.208% | $61K | $3K | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 144.96 | −0.330% | $10.1M | $8.6M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 144.98 | −0.316% | $30.2M | $18.2M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 145.00 | −0.303% | — | $44.3M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 145.05 | −0.268% | $381K | $703K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 144.98 | −0.319% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 145.18 | −0.179% | $101K | $313K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 145.21 | −0.158% | $461K | $4.1M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 145.12 | −0.220% | $127K | $467K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 144.96 | −0.333% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 145.36 | −0.052% | $738K | $4.8M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 145.04 | −0.275% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 145.00 | −0.306% | $936K | $1.8M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 145.03 | −0.283% | $122K | $146 | 10x | as long as short |
| BloFin AAVE-USDT | +0.0199% | 8h | 145.12 | −0.220% | $3.5M | $5.3M | 100x | as long as short |
| Coinbase International AAVE-PERP-INTXlong | +0.0248% | 1h | 145.44 | long leg | $782K | $3.0M | 50x | |
| GMX AAVE/USD [AAVE-USDC]short | L +0.0266% / S −0.0438% | 1h | 145.10 | −0.231% | $125K | — | 100x |
Reya AAVERUSDPERP
OKX AAVE-USDT-SWAP
Orderly PERP_AAVE_USDC
Gate AAVE_USDT
Nado AAVE-PERP
Binance AAVEUSDT
MEXC AAVE_USDT
Lighter AAVE
RISEx AAVE/USDC
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
Aevo AAVE-PERP
BloFin AAVE-USDT