AAVE

Alert

Funding spread now, next payment 16:00 UTC+0.7297%/8h

next payment, per $10,000+$9.12paid, last 24h+0.251%paid, last 3 days+0.171%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.171% in total (about 22.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.12 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	Deribit AAVE_USDC-PERPETUAL	144.43	−0.6832	get 0.0854% / 1h	44m 55s	$224K	$297K	50x
Short	GMX AAVE/USD [AAVE-USDC]	145.36	L +0.0269% / S −0.0465%	get 0.0058% / 1h	44m 55s	$130K	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee GMXbpOrdersRate

Funding earned: $1,532.34
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $1,513.34
Break-even: 0.1 days

Slippage unknown: Deribit: live order book, 35 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.647%
Avg gap 7d: +0.072%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Deribit live order book, 35 min ago	5.51 bp	9.0 bp −$9	16.9 bp −$169	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit AAVE_USDC-PERPETUALlong	−0.6832%	1h	$224K	$297K	50x
SoDEX AAVE-USD	−0.0200%	1h	$5K	$285K	10x	as long as short
01 Exchange AAVEUSD	−0.0112%	1h	$11K	$2K	5x	as long as short
dYdX AAVE-USD	0.0000%	1h	$105K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	$72K	$1.3M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	$70K	—	150x	as long as short
OKX AAVE-USDT-SWAP	+0.0008%	8h	$18.4M	$65.2M	50x	as long as short
Phoenix AAVE	+0.0011%	1h	$4K	$77K	10x	as long as short
Variational Omni AAVE	+0.0012%	8h	$3.8M	$1.3M	—	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	$422	$197K	12x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Reya AAVERUSDPERP	+0.0044%	1h	—	—	20x	as long as short
Phemex AAVEUSDT	+0.0046%	8h	$4.1M	$3.9M	50x	as long as short
Orderly PERP_AAVE_USDC	+0.0054%	8h	$18K	$17K	10x	as long as short
Pacifica AAVE	+0.0068%	1h	$340K	$437K	10x	as long as short
Binance AAVEUSDT	+0.0076%	8h	$65.9M	$172.3M	75x	as long as short
MEXC AAVE_USDT	+0.0078%	8h	$25.0M	$23.0M	200x	as long as short
RISEx AAVE/USDC	+0.0079%	1h	$192K	$249K	10x	as long as short
Gate AAVE_USDT	+0.0084%	8h	$7.9M	$12.9M	75x	as long as short
KuCoin AAVEUSDTM	+0.0084%	8h	$10.0M	$8.1M	75x	as long as short
Bybit AAVEUSDT	+0.0094%	8h	$61.3M	$61.1M	75x	as long as short
Lighter AAVE	+0.0096%	1h	$4.7M	$1.7M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	$14K	$3K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	$827K	$426K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	$81.8M	$24.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	$1.4M	$1.1M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	$57K	$383K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	$59K	$3K	10x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	$29.6M	$15.5M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	$306K	$512K	10x	as long as short
edgeX AAVEUSDC	+0.0100%	4h	$99K	$310K	20x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	$135K	$238K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	$129K	$606K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	$1K	$1.2M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	$729K	$4.4M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	$1.0M	$1.4M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	$123K	$146	10x	as long as short
Kraken Futures PF_AAVEUSD	+0.0115%	1h	$3.5M	$2.0M	50x	as long as short
BloFin AAVE-USDT	+0.0196%	8h	$3.7M	$5.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]short	L +0.0269% / S −0.0465%	1h	$130K	—	100x
Coinbase International AAVE-PERP-INTX	+0.0288%	1h	$785K	$3.2M	50x	as long as short