Funding you earn now, next payment 05:00 UTC−0.0217%/8h= −23.7% APRnext payment −$0.27 per $10,000 · paid last 24h −0.030%
Price spread now: Nado against GMX+0.153%52s7-day average −0.077% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.130%+$13 on $10k
+Price spread, last 4 days (all we have)−0.344%−$34 · spread now +0.153%, 7d avg −0.077%
=Together, before fees−0.214%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.230% dearer against GMX than usual: you sell high and buy low (spread +0.153% now, against its 7-day average of −0.077%): +$23 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.5 days. Mind the row above: over the last 3 days funding on this pair paid +0.130%, so the current rate has only just turned against you. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX AAVE/USD [AAVE-USDC] | 142.52 | L +0.0252% / S −0.0362% | pay 0.0032% / 1h | 8m 32s | $111K | — | 100x |
| Short | Nado AAVE-PERP | 142.74 | 0.0036 | get 0.0004% / 1h | 8m 32s | $831K | $398K | 10x |
GMX AAVE/USD [AAVE-USDC]
Nado AAVE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$45.47
- Price spread: +0.153% → −0.077%
- $22.97
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$41.5
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Nado: live order book, 45 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 Nado live order book, 45 min ago | 1.04 bp | 4.9 bp −$5 | 10.8 bp −$108 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX AAVE-USD | 0.0000% | 1h | 142.71 | +0.135% | $102K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 142.52 | +0.002% | $50K | $1.5M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 142.52 | +0.002% | $218K | $390K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 142.54 | +0.016% | $80K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −3.899% | $422 | $51K | 12x | as long as short |
| Phoenix AAVE | +0.0033% | 1h | 142.74 | +0.156% | $4K | $106K | 10x | as long as short |
| Nado AAVE-PERPshort | +0.0036% | 1h | 142.74 | +0.153% | $831K | $398K | 10x | |
| Reya AAVERUSDPERP | +0.0044% | 1h | 142.79 | +0.188% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0057% | 8h | 142.52 | +0.002% | $18K | $10K | 10x | as long as short |
| Phemex AAVEUSDT | +0.0069% | 8h | 142.55 | +0.023% | $4.0M | $3.6M | 50x | as long as short |
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Phoenix AAVE
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Phemex AAVEUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 142.73 | +0.147% | $13K | $4K | 20x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 142.92 | +0.283% | $78.1M | $37.0M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 142.76 | +0.169% | $1.2M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 142.70 | +0.125% | $327K | $446K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 142.74 | +0.158% | $63.8M | $188.1M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 142.74 | +0.156% | $61.4M | $67.8M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 142.75 | +0.163% | $17.0M | $64.4M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 142.84 | +0.226% | $64K | $199K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 142.97 | +0.318% | $58K | −$0 | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 142.72 | +0.142% | $8.0M | $16.2M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 142.71 | +0.135% | $25.8M | $24.1M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 142.64 | +0.086% | $10.3M | $9.4M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 142.73 | +0.149% | $29.2M | $18.2M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 142.73 | +0.149% | — | $43.6M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 142.68 | +0.114% | $335K | $722K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 142.66 | +0.099% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 142.93 | +0.288% | $104K | $279K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.96 | +0.311% | $457K | $3.8M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 142.98 | +0.325% | $133K | $221K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 142.86 | +0.240% | $132K | $450K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 142.62 | +0.071% | $2K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 142.51 | −0.005% | $5K | $310K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 142.59 | +0.048% | $682K | $5.2M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 142.70 | +0.127% | $904K | $1.7M | 50x | as long as short |
| 01 Exchange AAVEUSD | +0.0104% | 1h | 142.84 | +0.226% | $10K | $2K | 5x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 142.53 | +0.007% | $120K | $146 | 10x | as long as short |
| RISEx AAVE/USDC | +0.0132% | 1h | 142.81 | +0.207% | $185K | $251K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 142.49 | −0.019% | $3.3M | $3.6M | 100x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0248% | 1h | 142.60 | +0.057% | $3.4M | $2.1M | 50x | as long as short |
| GMX AAVE/USD [AAVE-USDC]long | L +0.0252% / S −0.0362% | 1h | 142.52 | long leg | $111K | — | 100x | |
| Lighter AAVE | +0.0256% | 1h | 142.87 | +0.244% | $4.5M | $2.4M | 10x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0360% | 1h | 142.91 | +0.276% | $781K | $2.8M | 50x | as long as short |
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Binance AAVEUSDT
Bybit AAVEUSDT
OKX AAVE-USDT-SWAP
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
MEXC AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
SoDEX AAVE-USD
HTX AAVE-USDT
Extended AAVE-USD
01 Exchange AAVEUSD
Aevo AAVE-PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
Kraken Futures PF_AAVEUSD
Lighter AAVE
Coinbase International AAVE-PERP-INTX