Funding you earn now, next payment 00:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.064%
Price spread now: GMX against Variational Omni−0.023%50s7-day average +0.072% · 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)−0.097%−$10 on $10k
+Price spread, last 3 days (all we have)+0.253%+$25 · spread now −0.023%, 7d avg +0.072%
=Together, before fees+0.156%+ Points / potential airdropVariational Omni: Active · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.095% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.072%). If the spread goes back, that is −$9 on $10k: about 22 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 3 days funding on this pair cost −0.097%, so the current rate has only just turned in your favour. The two prices were read 50 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 -0.097% in total (about -11.3% 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 | Variational Omni AAVE | 146.13 | 0.0100 | pay 0.0100% / 8h | 33m 30s | $3.8M | $1.4M | — |
| Short | GMX AAVE/USD [AAVE-USDC] | 146.09 | L +0.0267% / S −0.0438% | get 0.0055% / 1h | 33m 30s | $126K | — | 100x |
Variational Omni AAVE
GMX AAVE/USD [AAVE-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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
- $70.89
- Price spread: −0.023% → +0.072%
- −$9.47
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $49.41
- Costs to cover
- 0.120%
- Break-even
- 2.1 days
Slippage unknown: Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 1 min ago | 3.08 bp | doesn't fit | 12.0 bp −$120 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX AAVE-USD | −0.0076% | 1h | 146.04 | −0.060% | $5K | $305K | 10x | as long as short |
| Phoenix AAVE | −0.0027% | 1h | 146.03 | −0.067% | $5K | $99K | 10x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | −0.0024% | 1h | 146.09 | −0.026% | $255K | $394K | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 146.14 | +0.005% | $104K | $5K | 10x | as long as short |
| 01 Exchange AAVEUSD | 0.0000% | 1h | 146.28 | +0.104% | $11K | $2K | 5x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 146.09 | −0.026% | $84K | $1.5M | 3.4x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0002% | 1h | 146.14 | +0.005% | $3.5M | $2.1M | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 146.32 | +0.129% | $71K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.274% | $422 | $51K | 12x | as long as short |
| Binance AAVEUSDT | +0.0039% | 8h | 146.26 | +0.090% | $66.6M | $185.9M | 75x | as long as short |
SoDEX AAVE-USD
Phoenix AAVE
Deribit AAVE_USDC-PERPETUAL
dYdX AAVE-USD
01 Exchange AAVEUSD
Kalshi KXAAVEPERP
Kraken Futures PF_AAVEUSD
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Binance AAVEUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC AAVE_USDT | +0.0040% | 8h | 146.26 | +0.090% | $30.5M | $25.8M | 200x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 146.25 | +0.082% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0052% | 8h | 146.04 | −0.060% | $18K | $12K | 10x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0073% | 8h | 146.27 | +0.097% | $18.0M | $67.8M | 50x | as long as short |
| Gate AAVE_USDT | +0.0078% | 8h | 146.16 | +0.022% | $7.9M | $15.9M | 75x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 146.08 | −0.030% | $123K | $146 | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.39 | +0.182% | $4.7M | $1.6M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 146.19 | +0.040% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 146.13 | −0.002% | $804K | $442K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 146.44 | +0.213% | $80.8M | $34.6M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 146.18 | +0.033% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 146.19 | +0.042% | $334K | $504K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 146.27 | +0.097% | $62.4M | $65.9M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 146.26 | +0.090% | $51K | $273K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 145.88 | −0.170% | $61K | $3K | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 146.27 | +0.097% | $10.0M | $8.6M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 146.20 | +0.049% | $30.4M | $18.3M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 146.17 | +0.029% | — | $43.9M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 146.22 | +0.063% | $347K | $744K | 10x | as long as short |
| Variational Omni AAVElong | +0.0100% | 8h | 146.13 | long leg | $3.8M | $1.4M | — | |
| edgeX AAVEUSDC | +0.0100% | 4h | 145.68 | −0.306% | $105K | $317K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 145.69 | −0.299% | $461K | $3.8M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 146.11 | −0.012% | $136K | $229K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 146.31 | +0.124% | $128K | $456K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 146.03 | −0.066% | $2K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 146.17 | +0.026% | $698K | $5.0M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 146.07 | −0.040% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 146.17 | +0.028% | $935K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0106% | 1h | 146.29 | +0.108% | $186K | $246K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0160% | 8h | 146.13 | +0.001% | $3.5M | $4.1M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC]short | L +0.0267% / S −0.0438% | 1h | 146.09 | −0.023% | $126K | — | 100x | |
| Coinbase International AAVE-PERP-INTX | +0.0280% | 1h | 146.25 | +0.083% | $788K | $3.0M | 50x | as long as short |
MEXC AAVE_USDT
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
OKX AAVE-USDT-SWAP
Gate AAVE_USDT
Aevo AAVE-PERP
Lighter AAVE
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-USDT
Backpack AAVE_USDC_PERP
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
RISEx AAVE/USDC
BloFin AAVE-USDT
Coinbase International AAVE-PERP-INTX