Funding you earn now, next payment 08:00 UTC+0.0260%/8h= +28.5% APRnext payment +$0.32 per $10,000 · paid last 24h +0.106%
Price spread now: GMX against SoDEX+0.012%7-day average +0.056% · 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)−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.012%, 7d avg +0.056%
=Funding pays, the price is against you. GMX is 0.043% cheaper against SoDEX than usual: you would sell low and buy high (spread +0.012% now, against its 7-day average of +0.056%). If the spread goes back, that is −$4 on $10k: about 13 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 3 days funding on this pair cost −0.053%, 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 -0.053% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 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 | SoDEX AAVE-USD | 140.92 | 0.0100 | pay 0.0013% / 1h | 23m 25s | $5K | $297K | 10x |
| Short | GMX AAVE/USD [AAVE-USDC] | 140.94 | L +0.0252% / S −0.0360% | get 0.0045% / 1h | 23m 25s | $110K | — | 100x |
SoDEX AAVE-USD
GMX AAVE/USD [AAVE-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against SoDEX. 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
- $54.57
- Price spread: +0.012% → +0.056%
- −$4.32
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $30.26
- Costs to cover
- 0.200%
- Break-even
- 3.1 days
Slippage unknown: SoDEX: live order book, 15 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 SoDEX live order book, 15 min ago | 0.35 bp | 5.0 bp −$5 | 9.4 bp −$94 | 93.9 bp −$9,395 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX AAVE-USD | 0.0000% | 1h | 140.96 | +0.026% | $101K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 140.90 | −0.014% | $45K | $1.4M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 140.96 | +0.028% | $213K | $392K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 141.00 | +0.057% | $78K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −2.810% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 140.97 | +0.038% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0082% | 8h | 140.92 | 0.000% | $17K | $8K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 141.03 | +0.080% | $4.5M | $2.5M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 140.81 | −0.081% | $13K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 140.94 | +0.012% | $823K | $397K | 10x | as long as short |
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Lighter AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid AAVE | +0.0100% | 1h | 141.08 | +0.114% | $77.1M | $37.1M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 141.04 | +0.087% | $1.2M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 140.88 | −0.028% | $328K | $391K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 140.99 | +0.053% | $63.1M | $191.4M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 140.98 | +0.043% | $60.8M | $69.3M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 140.92 | 0.000% | $16.6M | $64.7M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 141.10 | +0.128% | $91K | $221K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 141.09 | +0.120% | $163K | $106K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 141.00 | +0.057% | $8.0M | $16.5M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 141.03 | +0.078% | $22.9M | $24.2M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 141.03 | +0.078% | $10.1M | $9.5M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 140.98 | +0.043% | $28.6M | $18.0M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 140.97 | +0.035% | — | $43.6M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 140.88 | −0.029% | $3.7M | $1.2M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 140.91 | −0.005% | $108K | $282K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 140.94 | +0.017% | $443K | $3.6M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 140.98 | +0.043% | $131K | $220K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 141.05 | +0.092% | $133K | $483K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 140.91 | −0.008% | $1K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USDlong | +0.0100% | 1h | 140.92 | long leg | $5K | $297K | 10x | |
| HTX AAVE-USDT | +0.0100% | 8h | 141.04 | +0.087% | $666K | $5.3M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 140.95 | +0.021% | $3.9M | $3.6M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 140.87 | −0.034% | $910K | $1.8M | 50x | as long as short |
| 01 Exchange AAVEUSD | +0.0104% | 1h | 141.03 | +0.078% | $10K | $2K | 5x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 140.96 | +0.025% | $119K | $146 | 10x | as long as short |
| Phoenix AAVE | +0.0152% | 1h | 141.01 | +0.064% | $5K | $98K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 140.89 | −0.021% | $3.3M | $3.5M | 100x | as long as short |
| RISEx AAVE/USDC | +0.0245% | 1h | 140.97 | +0.039% | $188K | $292K | 10x | as long as short |
| Backpack AAVE_USDC_PERP | +0.0248% | 1h | 141.07 | +0.106% | $384K | $732K | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC]short | L +0.0252% / S −0.0360% | 1h | 140.94 | +0.012% | $110K | — | 100x | |
| Coinbase International AAVE-PERP-INTX | +0.0256% | 1h | 141.15 | +0.163% | $751K | $2.7M | 50x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0272% | 1h | 140.98 | +0.042% | $3.3M | $2.1M | 50x | as long as short |
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
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
01 Exchange AAVEUSD
Aevo AAVE-PERP
Phoenix AAVE
BloFin AAVE-USDT
RISEx AAVE/USDC
Backpack AAVE_USDC_PERP
Coinbase International AAVE-PERP-INTX
Kraken Futures PF_AAVEUSD