AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0162%/8h= −17.7% APRnext payment −$0.20 per $10,000 · paid last 24h +0.006%

Price spread now: Extended against GMX−0.121%7-day average −0.108% · you buy dearer than you sell

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

Long on GMX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.152%+$15 on $10k

Price spread, last 3 days (all we have)−0.212%−$21 · spread now −0.121%, 7d avg −0.108%

Together, before fees−0.061%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.108%, 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 +0.152%, 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]	145.10	L +0.0266% / S −0.0438%	pay 0.0033% / 1h	45m 30s	$125K	—	100x
Short	Extended AAVE-USD	144.93	0.0104	get 0.0013% / 1h	45m 30s	$936K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$34.02
Price spread: −0.121% → −0.108%: −$1.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$52.35
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Extended: 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 Extended live order book, 3 min ago	1.38 bp	7.0 bp −$7	21.5 bp −$215	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
Deribit AAVE_USDC-PERPETUAL	−0.0370%	1h	145.01	−0.065%	$250K	$483K	50x	as long as short
SoDEX AAVE-USD	−0.0186%	1h	144.95	−0.106%	$5K	$311K	10x	as long as short
01 Exchange AAVEUSD	−0.0136%	1h	144.96	−0.099%	$11K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	145.11	+0.004%	$4K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	145.04	−0.043%	$103K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	145.20	+0.066%	$74K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	145.10	−0.002%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	145.16	+0.036%	$3.5M	$2.0M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.613%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.94	−0.110%	—	—	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	144.95	−0.106%	$17.6M	$65.6M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0057%	8h	145.01	−0.065%	$18K	$12K	10x	as long as short
Gate AAVE_USDT	+0.0062%	8h	144.96	−0.099%	$7.7M	$15.6M	75x	as long as short
ApeX Omni AAVEUSDT	+0.0066%	1h	145.09	−0.010%	$135K	$229K	50x	as long as short
Binance AAVEUSDT	+0.0076%	8h	144.97	−0.092%	$65.9M	$181.8M	75x	as long as short
MEXC AAVE_USDT	+0.0078%	8h	144.93	−0.120%	$32.1M	$26.1M	200x	as long as short
Nado AAVE-PERP	+0.0083%	1h	144.94	−0.111%	$804K	$444K	10x	as long as short
Lighter AAVE	+0.0096%	1h	145.14	+0.027%	$4.7M	$1.6M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	145.02	−0.059%	$180K	$242K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.96	−0.099%	$14K	$4K	20x	as long as short
Hyperliquid AAVE	+0.0100%	1h	145.15	+0.032%	$81.1M	$32.5M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	145.08	−0.015%	$1.4M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.98	−0.085%	$330K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	145.00	−0.072%	$61.7M	$64.9M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.97	−0.092%	$50K	$274K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	145.14	+0.023%	$61K	$3K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.98	−0.086%	$10.1M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.95	−0.106%	$30.2M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	144.98	−0.086%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	145.05	−0.037%	$381K	$703K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	145.12	+0.008%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	145.14	+0.028%	$101K	$313K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	145.16	+0.041%	$461K	$4.1M	10x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	145.05	−0.037%	$127K	$467K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.96	−0.103%	$1K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	145.36	+0.179%	$738K	$4.8M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	145.04	−0.044%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USDshort	+0.0104%	1h	144.93	−0.121%	$936K	$1.8M	50x
Aevo AAVE-PERP	+0.0104%	1h	145.03	−0.053%	$122K	$146	10x	as long as short
BloFin AAVE-USDT	+0.0199%	8h	145.12	+0.011%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	145.44	+0.231%	$782K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]long	L +0.0266% / S −0.0438%	1h	145.10	long leg	$125K	—	100x