AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.067%

Price spread now: Kraken Futures against GMX+0.093%7-day average −0.011% · you sell dearer than you buy

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.093%, 7d avg −0.011%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.104% dearer against GMX than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of −0.011%): +$10 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AAVE/USD [AAVE-USDC]	143.43	L +0.0252% / S −0.0362%	pay 0.0032% / 1h	16m 32s	$112K	—	100x
Short	Kraken Futures PF_AAVEUSD	143.56	0.0236	get 0.0029% / 1h	16m 32s	$3.4M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$3.45
Price spread: +0.093% → −0.011%: $10.4
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$15.05
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	6.27 bp	12.6 bp −$13	22.0 bp −$220	137.7 bp −$13.8K	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
dYdX AAVE-USD	0.0000%	1h	143.46	+0.025%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.42	−0.006%	$47K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.47	+0.029%	$218K	$394K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.45	+0.016%	$80K	—	150x	as long as short
Nado AAVE-PERP	+0.0023%	1h	143.48	+0.036%	$837K	$400K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.510%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.44	+0.008%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0071%	8h	143.47	+0.029%	$18K	$10K	10x	as long as short
Phemex AAVEUSDT	+0.0095%	8h	143.44	+0.008%	$4.0M	$3.6M	50x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.41	−0.013%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AAVEUSDT	+0.0100%	8h	143.48	+0.035%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.46	+0.019%	$327K	$448K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.47	+0.031%	$64.5M	$191.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.45	+0.015%	$61.6M	$68.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.45	+0.015%	$17.2M	$65.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.55	+0.085%	$64K	$198K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.28	−0.801%	$57K	−$0	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	143.40	−0.020%	$8.0M	$16.2M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	143.47	+0.029%	$25.1M	$24.2M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.50	+0.050%	$10.3M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.46	+0.022%	$29.3M	$18.4M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.42	−0.006%	—	$43.6M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.69	−0.515%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.78	−0.452%	$106K	$282K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.47	+0.029%	$457K	$3.9M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.44	+0.008%	$133K	$222K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.53	+0.071%	$142K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.56	+0.090%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.47	+0.029%	$5K	$313K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.62	+0.133%	$682K	$5.2M	75x	as long as short
Hyperliquid AAVE	+0.0103%	1h	143.64	+0.147%	$78.4M	$37.2M	10x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.35	−0.054%	$910K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.48	+0.035%	$121K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	143.54	+0.078%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0118%	1h	143.58	+0.106%	$4K	$106K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0160%	1h	143.52	+0.064%	$340K	$729K	10x	as long as short
RISEx AAVE/USDC	+0.0207%	1h	143.53	+0.068%	$193K	$256K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.53	+0.071%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSDshort	+0.0236%	1h	143.56	+0.093%	$3.4M	$2.1M	50x
Lighter AAVE	+0.0240%	1h	143.65	+0.152%	$4.5M	$2.4M	10x	as long as short
GMX AAVE/USD [AAVE-USDC]long	L +0.0252% / S −0.0362%	1h	143.43	long leg	$112K	—	100x
Coinbase International AAVE-PERP-INTX	+0.0376%	1h	143.59	+0.113%	$766K	$2.9M	50x	as long as short