Funding you earn now, next payment 02:00 UTC+0.0401%/8h= +43.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.098%
Price spread now: GMX against Kraken Futures−0.068%7-day average +0.014% · 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)−0.008%−$1 on $10k
+Price spread, last 3 days (all we have)−0.032%−$3 · spread now −0.068%, 7d avg +0.014%
=Funding pays, the price is against you. GMX is 0.083% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.014%). If the spread goes back, that is −$8 on $10k: about 16 hours of funding at the current rate (+$12 a day).
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.008% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.50 per $10,000. 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 | Kraken Futures PF_AAVEUSD | 144.90 | −0.0034 | get 0.0004% / 1h | 25m 54s | $3.5M | $2.0M | 50x |
| Short | GMX AAVE/USD [AAVE-USDC] | 144.80 | L +0.0240% / S −0.0367% | get 0.0046% / 1h | 25m 54s | $125K | — | 100x |
Kraken Futures PF_AAVEUSD
GMX AAVE/USD [AAVE-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Kraken Futures. 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
- $84.24
- Price spread: −0.068% → +0.014%
- −$8.25
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $53.98
- Costs to cover
- 0.220%
- Break-even
- 2.5 days
Slippage unknown: Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago | 7.27 bp | 15.6 bp −$16 | 22.1 bp −$221 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange AAVEUSD | −0.0056% | 1h | 144.71 | −0.129% | $11K | $2K | 5x | as long as short |
| Kraken Futures PF_AAVEUSDlong | −0.0034% | 1h | 144.90 | long leg | $3.5M | $2.0M | 50x | |
| dYdX AAVE-USD | 0.0000% | 1h | 144.51 | −0.266% | $103K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 144.62 | −0.191% | $70K | $1.4M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 144.81 | −0.060% | $250K | $358K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 144.81 | −0.059% | $70K | — | 150x | as long as short |
| Phoenix AAVE | +0.0006% | 1h | 144.55 | −0.240% | $5K | $98K | 10x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −5.478% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 144.70 | −0.135% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0044% | 8h | 144.77 | −0.088% | $18K | $10K | 10x | as long as short |
01 Exchange AAVEUSD
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Phoenix AAVE
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDCShow all 41 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AAVE_USDT | +0.0056% | 8h | 144.77 | −0.088% | $27.0M | $24.9M | 200x | as long as short |
| Binance AAVEUSDT | +0.0058% | 8h | 144.74 | −0.109% | $65.3M | $184.2M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0073% | 8h | 144.75 | −0.102% | $17.4M | $65.5M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0089% | 1h | 144.73 | −0.115% | $191K | $225K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 145.00 | +0.067% | $4.7M | $1.5M | 10x | as long as short |
| Aevo AAVE-PERP | +0.0096% | 1h | 144.82 | −0.057% | $122K | $146 | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 144.61 | −0.195% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 144.65 | −0.174% | $804K | $425K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 144.87 | −0.019% | $78.5M | $35.7M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 144.86 | −0.028% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 144.57 | −0.223% | $329K | $435K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 144.72 | −0.122% | $61.9M | $64.7M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 144.71 | −0.129% | $45K | $181K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 144.44 | −0.314% | $58K | $2K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 144.75 | −0.102% | $7.8M | $15.2M | 75x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 144.82 | −0.053% | $10.8M | $9.2M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 144.74 | −0.109% | $30.1M | $18.0M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 144.73 | −0.116% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 144.93 | +0.022% | $323K | $746K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 144.74 | −0.108% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 144.38 | −0.356% | $104K | $316K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 144.43 | −0.320% | $463K | $3.8M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 144.39 | −0.350% | $134K | $220K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 144.78 | −0.081% | $125K | $419K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 144.62 | −0.194% | $2K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 144.78 | −0.081% | $5K | $297K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 144.77 | −0.090% | $702K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 144.80 | −0.067% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 144.73 | −0.113% | $917K | $1.7M | 50x | as long as short |
| GMX AAVE/USD [AAVE-USDC]short | L +0.0240% / S −0.0367% | 1h | 144.80 | −0.068% | $125K | — | 100x | |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 144.56 | −0.233% | $775K | $2.8M | 50x | as long as short |
MEXC AAVE_USDT
Binance AAVEUSDT
OKX AAVE-USDT-SWAP
RISEx AAVE/USDC
Lighter AAVE
Aevo AAVE-PERP
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
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
Phemex AAVEUSDT
Extended AAVE-USD
Coinbase International AAVE-PERP-INTX