Funding you earn now, next payment 01:00 UTC+0.0385%/8h= +42.2% APRpaid last 24h +0.057%
Price spread now: GMX against OKX+0.047%52s7-day average +0.070% · 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)−0.108%−$11 on $10k
+Price spread, last 3 days (all we have)+0.091%+$9 · spread now +0.047%, 7d avg +0.070%
=Funding pays, the price is against you. GMX is 0.023% cheaper against OKX than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.070%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 3 days funding on this pair cost −0.108%, so the current rate has only just turned in your favour. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.108% in total (about -12.4% 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 | OKX AAVE-USDT-SWAP | 145.94 | 0.0064 | pay 0.0064% / 8h | 7h 40m | $17.9M | $67.2M | 50x |
| Short | GMX AAVE/USD [AAVE-USDC] | 146.01 | L +0.0269% / S −0.0449% | get 0.0056% / 1h | 40m 29s | $128K | — | 100x |
OKX AAVE-USDT-SWAP
GMX AAVE/USD [AAVE-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against OKX. 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
- $80.86
- Price spread: +0.047% → +0.070%
- −$2.28
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $56.58
- Costs to cover
- 0.220%
- Break-even
- 2.1 days
Slippage unknown: OKX: 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 OKX live order book, 3 min ago | 0.34 bp | 8.6 bp −$9 | 17.7 bp −$177 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AAVEUSD | −0.0184% | 1h | 146.12 | +0.123% | $3.5M | $2.1M | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0128% | 1h | 145.96 | +0.014% | $11K | $2K | 5x | as long as short |
| Phemex AAVEUSDT | −0.0107% | 8h | 145.98 | +0.027% | $4.1M | $3.8M | 50x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | −0.0092% | 1h | 146.01 | +0.048% | $255K | $373K | 50x | as long as short |
| SoDEX AAVE-USD | −0.0073% | 1h | 145.97 | +0.021% | $5K | $305K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 146.08 | +0.099% | $104K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 145.94 | 0.000% | $77K | $1.5M | 3.4x | as long as short |
| Phoenix AAVE | 0.0000% | 1h | 146.21 | +0.185% | $5K | $102K | 10x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 146.04 | +0.071% | $71K | — | 150x | as long as short |
| MEXC AAVE_USDT | +0.0024% | 8h | 145.90 | −0.027% | $29.2M | $25.7M | 200x | as long as short |
Kraken Futures PF_AAVEUSD
01 Exchange AAVEUSD
Phemex AAVEUSDT
Deribit AAVE_USDC-PERPETUAL
SoDEX AAVE-USD
dYdX AAVE-USD
Kalshi KXAAVEPERP
Phoenix AAVE
gTrade (Gains Network) AAVE/USD
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AAVEUSDT | +0.0024% | 8h | 145.96 | +0.013% | $66.1M | $186.7M | 75x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.153% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 145.96 | +0.012% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0049% | 8h | 145.98 | +0.027% | $18K | $10K | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0049% | 1h | 145.80 | −0.096% | $136K | $230K | 50x | as long as short |
| Gate AAVE_USDT | +0.0053% | 8h | 145.99 | +0.034% | $7.9M | $15.2M | 75x | as long as short |
| OKX AAVE-USDT-SWAPlong | +0.0064% | 8h | 145.94 | long leg | $17.9M | $67.2M | 50x | |
| Aevo AAVE-PERP | +0.0088% | 1h | 146.00 | +0.041% | $123K | $146 | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.14 | +0.137% | $4.7M | $1.5M | 10x | as long as short |
| BloFin AAVE-USDT | +0.0096% | 8h | 145.90 | −0.027% | $3.5M | $4.1M | 100x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 146.04 | +0.066% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 145.91 | −0.019% | $798K | $446K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 146.14 | +0.137% | $79.7M | $35.5M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 145.97 | +0.021% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 145.97 | +0.021% | $333K | $503K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 145.96 | +0.014% | $62.4M | $65.6M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 146.04 | +0.069% | $46K | $278K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 146.05 | +0.075% | $61K | −$0 | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 145.89 | −0.034% | $10.0M | $8.7M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 145.96 | +0.014% | $30.3M | $18.2M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 146.03 | +0.062% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 146.00 | +0.041% | $346K | $734K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 146.08 | +0.098% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 146.12 | +0.123% | $105K | $316K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 146.12 | +0.122% | $462K | $3.9M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 146.03 | +0.062% | $128K | $430K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 145.96 | +0.016% | $2K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 146.12 | +0.120% | $698K | $5.1M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 145.95 | +0.010% | $932K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0107% | 1h | 146.05 | +0.076% | $185K | $246K | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC]short | L +0.0269% / S −0.0449% | 1h | 146.01 | +0.047% | $128K | — | 100x | |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 146.08 | +0.096% | $786K | $3.1M | 50x | as long as short |
Binance AAVEUSDT
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
ApeX Omni AAVEUSDT
Gate AAVE_USDT
Aevo AAVE-PERP
Lighter AAVE
BloFin AAVE-USDT
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Extended AAVE-USD
RISEx AAVE/USDC
Coinbase International AAVE-PERP-INTX