Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h −0.031%

Price spread now: Gate against GMX−0.035%7-day average −0.050% · you buy dearer than you sell

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

Long on GMX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.115%+$12 on $10k

Price spread, last 3 days (all we have)−0.099%−$10 · spread now −0.035%, 7d avg −0.050%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.115%, 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]	143.63	L +0.0250% / S −0.0390%	pay 0.0031% / 1h	9m 00s	$124K	—	100x
Short	Gate AAVE_USDT	143.58	0.0100	get 0.0100% / 8h	6h 09m	$7.8M	$15.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.035%Rate

Funding earned: −$31.46
Price spread: −0.035% → −0.050%: $1.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.91
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	3.82 bp	15.1 bp −$15	28.8 bp −$288	45.1 bp −$4,513	50.7 bp −$25.3K

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 41 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
Kraken Futures PF_AAVEUSD	−0.0034%	1h	143.70	+0.051%	$3.4M	$2.0M	50x	as long as short
01 Exchange AAVEUSD	−0.0032%	1h	143.53	−0.070%	$10K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.66	+0.018%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.53	−0.070%	$70K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.62	−0.007%	$244K	$369K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.64	+0.010%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	143.77	+0.098%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.644%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.60	−0.020%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	143.64	+0.007%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0077%	8h	143.57	−0.042%	$26.5M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0080%	8h	143.65	+0.014%	$64.8M	$184.3M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0084%	8h	143.65	+0.014%	$17.2M	$64.9M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	143.61	−0.015%	$199K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.76	+0.089%	$4.6M	$1.5M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.68	+0.033%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.60	−0.017%	$799K	$421K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.70	+0.049%	$77.8M	$35.2M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.59	−0.028%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.67	+0.029%	$327K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.67	+0.028%	$61.5M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.65	+0.014%	$44K	$181K	10x	as long as short
Gate AAVE_USDTshort	+0.0100%	8h	143.58	−0.035%	$7.8M	$15.2M	75x
KuCoin AAVEUSDTM	+0.0100%	8h	143.59	−0.028%	$10.7M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.61	−0.014%	$29.9M	$17.7M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.58	−0.035%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.67	+0.028%	$320K	$742K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.96	+0.230%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.97	+0.240%	$104K	$317K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.00	+0.257%	$450K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.04	+0.286%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.66	+0.021%	$124K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.63	−0.002%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.62	−0.007%	$5K	$297K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.91	+0.198%	$697K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.62	−0.007%	$4.1M	$3.8M	50x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.09	+0.324%	$58K	$2K	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.56	−0.049%	$917K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.62	−0.004%	$121K	$146	10x	as long as short
GMX AAVE/USD [AAVE-USDC]long	L +0.0250% / S −0.0390%	1h	143.63	long leg	$124K	—	100x
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.76	+0.787%	$778K	$2.8M	50x	as long as short