Funding you earn now, next payment 22:00 UTC−0.0166%/8h= −18.2% APRnext payment −$0.21 per $10,000 · paid last 24h +0.006%
Price spread now: Polymarket Perps against GMX−0.029%54s7-day average −0.009% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.149%+$15 on $10k
+Price spread, last 3 days (all we have)−0.207%−$21 · spread now −0.029%, 7d avg −0.009%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.020% cheaper against GMX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.009%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.149%, so the current rate has only just turned against you. The two prices were read 54 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] | 145.17 | L +0.0266% / S −0.0438% | pay 0.0033% / 1h | 43m 38s | $125K | — | 100x |
| Short | Polymarket Perps AAVE-USD | 145.13 | 0.0100 | get 0.0013% / 1h | 43m 38s | $127K | $468K | 10x |
GMX AAVE/USD [AAVE-USDC]
Polymarket Perps AAVE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$34.86
- Price spread: −0.029% → −0.009%
- −$2
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$56.86
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 43 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 Polymarket Perps live order book, 43 min ago | 2.36 bp | 7.7 bp −$8 | 9.0 bp −$90 | 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 | −0.0301% | 1h | 145.15 | −0.015% | $250K | $483K | 50x | as long as short |
| SoDEX AAVE-USD | −0.0187% | 1h | 145.11 | −0.043% | $5K | $311K | 10x | as long as short |
| 01 Exchange AAVEUSD | −0.0136% | 1h | 145.09 | −0.057% | $11K | $2K | 5x | as long as short |
| Phoenix AAVE | −0.0044% | 1h | 145.11 | −0.043% | $4K | $101K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 145.06 | −0.079% | $103K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 145.06 | −0.077% | $74K | $1.5M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 145.20 | +0.022% | $70K | — | 150x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0012% | 1h | 145.27 | +0.065% | $3.5M | $2.0M | 50x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −5.657% | $422 | $51K | 12x | as long as short |
| ApeX Omni AAVEUSDT | +0.0037% | 1h | 144.98 | −0.132% | $135K | $229K | 50x | as long as short |
Deribit AAVE_USDC-PERPETUAL
SoDEX AAVE-USD
01 Exchange AAVEUSD
Phoenix AAVE
dYdX AAVE-USD
Kalshi KXAAVEPERP
gTrade (Gains Network) AAVE/USD
Kraken Futures PF_AAVEUSD
Injective AAVE/USDC PERP
ApeX Omni AAVEUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Reya AAVERUSDPERP | +0.0044% | 1h | 145.01 | −0.110% | — | — | 20x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0049% | 8h | 145.08 | −0.064% | $17.6M | $65.6M | 50x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0057% | 8h | 145.13 | −0.029% | $18K | $12K | 10x | as long as short |
| Gate AAVE_USDT | +0.0060% | 8h | 145.06 | −0.077% | $7.8M | $15.6M | 75x | as long as short |
| Binance AAVEUSDT | +0.0076% | 8h | 145.06 | −0.077% | $66.0M | $182.0M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0076% | 8h | 145.03 | −0.098% | $32.2M | $26.1M | 200x | as long as short |
| Nado AAVE-PERP | +0.0083% | 1h | 145.07 | −0.072% | $805K | $444K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 145.20 | +0.017% | $4.7M | $1.6M | 10x | as long as short |
| RISEx AAVE/USDC | +0.0097% | 1h | 145.13 | −0.028% | $181K | $242K | 10x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0098% | 8h | 144.97 | −0.139% | $460K | $4.1M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 145.06 | −0.075% | $14K | $4K | 20x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 145.28 | +0.074% | $81.2M | $32.5M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 145.07 | −0.070% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 145.02 | −0.108% | $331K | $505K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 145.10 | −0.050% | $61.8M | $64.9M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 145.08 | −0.064% | $50K | $274K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 145.14 | −0.024% | $61K | $3K | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 145.06 | −0.077% | $10.1M | $8.6M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 145.06 | −0.077% | $30.2M | $18.2M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 145.09 | −0.057% | — | $43.9M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 145.23 | +0.040% | $381K | $703K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 145.12 | −0.039% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 144.93 | −0.165% | $101K | $314K | 20x | as long as short |
| Polymarket Perps AAVE-USDshort | +0.0100% | 1h | 145.13 | −0.029% | $127K | $468K | 10x | |
| SunX AAVE-USDT | +0.0100% | 8h | 145.11 | −0.046% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 145.28 | +0.077% | $737K | $4.8M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 145.15 | −0.015% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 145.05 | −0.082% | $936K | $1.8M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 145.18 | +0.002% | $123K | $146 | 10x | as long as short |
| BloFin AAVE-USDT | +0.0196% | 8h | 144.90 | −0.188% | $3.5M | $5.3M | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0248% | 1h | 145.44 | +0.184% | $782K | $3.0M | 50x | as long as short |
| GMX AAVE/USD [AAVE-USDC]long | L +0.0266% / S −0.0438% | 1h | 145.17 | long leg | $125K | — | 100x |
Reya AAVERUSDPERP
OKX AAVE-USDT-SWAP
Orderly PERP_AAVE_USDC
Gate AAVE_USDT
Binance AAVEUSDT
MEXC AAVE_USDT
Nado AAVE-PERP
Lighter AAVE
RISEx AAVE/USDC
GRVT AAVE_USDT_Perp
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
Aevo AAVE-PERP
BloFin AAVE-USDT
Coinbase International AAVE-PERP-INTX