AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0005%/8h= +0.5% APRnext payment +$0.01 per $10,000 · paid last 24h +0.038%

Price spread now: Coinbase International against GMX−0.058%7-day average +0.016% · you buy dearer than you sell

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

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.201%+$20 on $10k

Price spread, last 3 days (all we have)−0.042%−$4 · spread now −0.058%, 7d avg +0.016%

Together, before fees+0.158%+$16 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: Coinbase International is 0.074% cheaper against GMX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AAVE/USD [AAVE-USDC]	145.14	L +0.0267% / S −0.0438%	pay 0.0033% / 1h	11m 13s	$125K	—	100x
Short	Coinbase International AAVE-PERP-INTX	145.06	0.0272	get 0.0034% / 1h	11m 13s	$787K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpOrdersPrice spread, now −0.058%Rate

Funding earned: $1
Price spread: −0.058% → +0.016%: −$7.41
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.41
Costs to cover: 0.220%
Break-even: 206.3 days

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	6.20 bp	13.6 bp −$14	18.4 bp −$184	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	−0.0136%	1h	145.08	−0.044%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0045%	1h	145.09	−0.037%	$5K	$100K	10x	as long as short
SoDEX AAVE-USD	−0.0035%	1h	145.11	−0.023%	$5K	$298K	10x	as long as short
Deribit AAVE_USDC-PERPETUAL	−0.0026%	1h	145.13	−0.009%	$255K	$465K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.12	−0.015%	$104K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.11	−0.023%	$66K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.14	−0.001%	$70K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.638%	$422	$51K	12x	as long as short
MEXC AAVE_USDT	+0.0036%	8h	145.10	−0.030%	$30.7M	$25.9M	200x	as long as short
Binance AAVEUSDT	+0.0037%	8h	145.11	−0.023%	$66.1M	$185.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	145.06	−0.061%	—	—	20x	as long as short
RISEx AAVE/USDC	+0.0046%	1h	145.11	−0.023%	$181K	$243K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0051%	8h	145.11	−0.023%	$18K	$12K	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0054%	1h	145.22	+0.055%	$3.5M	$2.1M	50x	as long as short
OKX AAVE-USDT-SWAP	+0.0057%	8h	145.10	−0.030%	$17.6M	$66.9M	50x	as long as short
Gate AAVE_USDT	+0.0066%	8h	145.09	−0.037%	$7.8M	$15.9M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	145.16	+0.015%	$123K	$146	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.31	+0.115%	$4.7M	$1.6M	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0099%	8h	145.02	−0.084%	$458K	$3.8M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	145.09	−0.040%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	145.06	−0.061%	$803K	$437K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.24	+0.066%	$79.8M	$33.8M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.15	+0.006%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	145.10	−0.030%	$331K	$504K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.11	−0.023%	$61.7M	$65.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	145.08	−0.044%	$50K	$273K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.07	−0.048%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	145.09	−0.037%	$9.9M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	145.14	−0.003%	$30.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	145.09	−0.037%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.23	+0.059%	$347K	$723K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.10	−0.032%	$3.8M	$1.4M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.01	−0.090%	$104K	$315K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	145.10	−0.030%	$135K	$228K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.14	−0.003%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	145.04	−0.069%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.22	+0.050%	$695K	$5.0M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.14	−0.003%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	145.09	−0.040%	$931K	$1.7M	50x	as long as short
BloFin AAVE-USDT	+0.0147%	8h	145.13	−0.009%	$3.5M	$4.0M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]long	L +0.0267% / S −0.0438%	1h	145.14	long leg	$125K	—	100x
Coinbase International AAVE-PERP-INTXshort	+0.0272%	1h	145.06	−0.058%	$787K	$3.0M	50x