Funding you earn now, next payment 22:00 UTC+0.0438%/8h= +47.9% APRpaid last 24h +0.041%
Price spread now: GMX against Kalshi+0.094%7-day average +0.135% · 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)−0.077%−$8 on $10k
+Price spread, last 3 days (all we have)+0.145%+$15 · spread now +0.094%, 7d avg +0.135%
=Funding pays, the price is against you. GMX is 0.041% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.094% now, against its 7-day average of +0.135%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 3 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.077% in total (about -9.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXAAVEPERP | 144.40 | 0 | get 0.0000% / 8h | 6h 22m | $71K | $1.5M | 3.4x |
| Short | GMX AAVE/USD [AAVE-USDC] | 144.54 | L +0.0266% / S −0.0438% | get 0.0055% / 1h | 22m 09s | $124K | — | 100x |
Kalshi KXAAVEPERP
GMX AAVE/USD [AAVE-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Kalshi. 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
- $91.89
- Price spread: +0.094% → +0.135%
- −$4.08
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $65.81
- Costs to cover
- 0.220%
- Break-even
- 2.0 days
Slippage unknown: Kalshi: live order book, 1 min ago; GMX: no order-book sample. 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 Kalshi live order book, 1 min ago | 6.23 bp | 15.9 bp −$16 | 26.3 bp −$263 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | −0.0373% | 1h | 144.45 | +0.035% | $249K | $483K | 50x | as long as short |
| SoDEX AAVE-USD | −0.0192% | 1h | 144.41 | +0.007% | $5K | $299K | 10x | as long as short |
| 01 Exchange AAVEUSD | −0.0128% | 1h | 144.38 | −0.014% | $11K | $2K | 5x | as long as short |
| Phoenix AAVE | −0.0044% | 1h | 144.80 | +0.277% | $5K | $101K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 144.47 | +0.049% | $103K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERPlong | 0.0000% | 8h | 144.40 | long leg | $71K | $1.5M | 3.4x | |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 144.52 | +0.084% | $70K | — | 150x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0012% | 1h | 144.52 | +0.084% | $3.4M | $2.1M | 50x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −5.152% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 144.45 | +0.038% | — | — | 20x | as long as short |
Deribit AAVE_USDC-PERPETUAL
SoDEX AAVE-USD
01 Exchange AAVEUSD
Phoenix AAVE
dYdX AAVE-USD
gTrade (Gains Network) AAVE/USD
Kraken Futures PF_AAVEUSD
Injective AAVE/USDC PERP
Reya AAVERUSDPERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni AAVEUSDT | +0.0047% | 1h | 144.75 | +0.242% | $135K | $229K | 50x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0051% | 8h | 144.37 | −0.021% | $17.4M | $66.0M | 50x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0052% | 8h | 144.41 | +0.007% | $18K | $12K | 10x | as long as short |
| Gate AAVE_USDT | +0.0052% | 8h | 144.42 | +0.014% | $7.7M | $15.9M | 75x | as long as short |
| Binance AAVEUSDT | +0.0054% | 8h | 144.40 | +0.003% | $65.8M | $184.4M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0056% | 8h | 144.38 | −0.014% | $31.4M | $26.3M | 200x | as long as short |
| Nado AAVE-PERP | +0.0091% | 1h | 144.34 | −0.042% | $801K | $436K | 10x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0092% | 8h | 144.76 | +0.248% | $456K | $3.9M | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 144.62 | +0.150% | $4.6M | $1.6M | 10x | as long as short |
| Aevo AAVE-PERP | +0.0096% | 1h | 144.46 | +0.042% | $122K | $146 | 10x | as long as short |
| RISEx AAVE/USDC | +0.0097% | 1h | 144.42 | +0.016% | $180K | $243K | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 144.39 | −0.005% | $14K | $4K | 20x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 144.55 | +0.104% | $80.3M | $33.1M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 144.55 | +0.104% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 144.39 | −0.004% | $329K | $505K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 144.42 | +0.014% | $61.4M | $65.4M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 144.39 | −0.007% | $50K | $273K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 144.30 | −0.072% | $61K | $3K | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 144.47 | +0.048% | $10.3M | $8.6M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 144.42 | +0.014% | $30.1M | $18.2M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 144.40 | 0.000% | — | $43.9M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 144.53 | +0.090% | $377K | $704K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 144.87 | +0.325% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 144.67 | +0.188% | $101K | $312K | 20x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 144.54 | +0.097% | $126K | $468K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 144.44 | +0.028% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 144.75 | +0.245% | $720K | $4.9M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 144.45 | +0.035% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 144.40 | −0.002% | $931K | $1.8M | 50x | as long as short |
| BloFin AAVE-USDT | +0.0176% | 8h | 144.42 | +0.014% | $3.5M | $5.3M | 100x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0248% | 1h | 144.36 | −0.028% | $777K | $3.0M | 50x | as long as short |
| GMX AAVE/USD [AAVE-USDC]short | L +0.0266% / S −0.0438% | 1h | 144.54 | +0.094% | $124K | — | 100x |
ApeX Omni AAVEUSDT
OKX AAVE-USDT-SWAP
Orderly PERP_AAVE_USDC
Gate AAVE_USDT
Binance AAVEUSDT
MEXC AAVE_USDT
Nado AAVE-PERP
GRVT AAVE_USDT_Perp
Lighter AAVE
Aevo AAVE-PERP
RISEx AAVE/USDC
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
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
BloFin AAVE-USDT
Coinbase International AAVE-PERP-INTX