AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0163%/8h= −17.9% APRnext payment −$0.20 per $10,000 · paid last 24h −0.021%

Price spread now: Arcus against GMX−0.022%7-day average −0.034% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.139%+$14 on $10k

Price spread, last 4 days (all we have)−0.502%−$50 · spread now −0.022%, 7d avg −0.034%

Together, before fees−0.363%−$36 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.139%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AAVE/USD [AAVE-USDC]	144.36	L +0.0263% / S −0.0420%	pay 0.0033% / 1h	15m 56s	$125K	—	100x
Short	Arcus AAVE-USD	144.33	0.0100	get 0.0013% / 1h	15m 56s	$45K	$179K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against GMX. 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 GMXbpFee ArcusbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$34.24
Price spread: −0.022% → −0.034%: $1.2
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$49.53
Costs to cover: 0.165%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Arcus: live order book, 47 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Arcus live order book, 47 min ago	2.42 bp	6.8 bp −$7	25.0 bp −$250	doesn't fit	doesn't fit

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
01 Exchange AAVEUSD	−0.0048%	1h	144.30	−0.043%	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.32	−0.028%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.30	−0.043%	$59K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	144.29	−0.050%	$229K	$389K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.35	−0.007%	$81K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.127%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.28	−0.057%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0045%	8h	144.29	−0.050%	$18K	$10K	10x	as long as short
Nado AAVE-PERP	+0.0050%	1h	144.28	−0.057%	$833K	$433K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	144.46	+0.068%	$5K	$98K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	144.44	+0.052%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.31	−0.036%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.36	−0.001%	$78.1M	$35.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.30	−0.045%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.33	−0.023%	$329K	$433K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	144.24	−0.084%	$64.5M	$182.5M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.14	−0.154%	$61.5M	$64.1M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	144.09	−0.188%	$17.3M	$63.5M	50x	as long as short
Arcus AAVE-USDshort	+0.0100%	1h	144.33	−0.022%	$45K	$179K	10x
Bulk AAVE-USD	+0.0100%	1h	143.91	−0.311%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.24	−0.084%	$7.9M	$15.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	144.23	−0.091%	$26.2M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.29	−0.050%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.18	−0.126%	$30.2M	$17.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.24	−0.084%	—	$43.8M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.31	−0.036%	$322K	$692K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.28	−0.059%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.42	+0.039%	$104K	$279K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.46	+0.067%	$461K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.44	+0.054%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.34	−0.015%	$128K	$422K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.30	−0.043%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	144.29	−0.050%	$5K	$301K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	144.38	+0.009%	$695K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.27	−0.064%	$4.1M	$3.7M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.21	−0.106%	$918K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	144.32	−0.029%	$122K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0195%	1h	144.35	−0.008%	$188K	$235K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	144.35	−0.008%	$3.4M	$3.5M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]long	L +0.0263% / S −0.0420%	1h	144.36	long leg	$125K	—	100x
Kraken Futures PF_AAVEUSD	+0.0266%	1h	144.41	+0.033%	$3.5M	$2.1M	50x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0336%	1h	143.97	−0.271%	$783K	$2.8M	50x	as long as short