AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.02 per $10,000 · paid last 24h +0.040%

Price spread now: Coinbase International against GMX+0.087%7-day average +0.017% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.200%+$20 on $10k

Price spread, last 3 days (all we have)−0.193%−$19 · spread now +0.087%, 7d avg +0.017%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.070% dearer against GMX than usual: you sell high and buy low (spread +0.087% now, against its 7-day average of +0.017%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days. Mind the row above: over the last 3 days funding on this pair paid +0.200%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AAVE/USD [AAVE-USDC]	143.68	L +0.0267% / S −0.0438%	pay 0.0033% / 1h	0m 20s	$123K	—	100x
Short	Coinbase International AAVE-PERP-INTX	143.80	0.0248	get 0.0031% / 1h	0m 20s	$772K	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$4.05
Price spread: +0.087% → +0.017%: $6.99
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$19.05
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 4 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	2.79 bp	14.0 bp −$14	20.2 bp −$202	doesn't fit	doesn't fit

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
Deribit AAVE_USDC-PERPETUAL	−0.0446%	1h	143.64	−0.025%	$252K	$489K	50x	as long as short
SoDEX AAVE-USD	−0.0161%	1h	143.56	−0.080%	$5K	$298K	10x	as long as short
01 Exchange AAVEUSD	−0.0112%	1h	143.44	−0.164%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	143.51	−0.115%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.63	−0.029%	$102K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.57	−0.073%	$67K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.68	+0.006%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.69	+0.013%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.674%	$422	$51K	12x	as long as short
Binance AAVEUSDT	+0.0043%	8h	143.58	−0.067%	$65.3M	$185.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0043%	8h	143.56	−0.080%	$31.1M	$26.6M	200x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.58	−0.067%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0049%	8h	143.58	−0.066%	$18K	$12K	10x	as long as short
Bulk AAVE-USD	+0.0049%	1h	143.56	−0.080%	$60K	$3K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0053%	8h	143.57	−0.073%	$17.3M	$66.0M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0058%	1h	143.62	−0.038%	$134K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0062%	8h	143.58	−0.066%	$7.7M	$16.0M	75x	as long as short
Aevo AAVE-PERP	+0.0088%	1h	143.63	−0.033%	$121K	$146	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0091%	8h	143.60	−0.052%	$449K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.66	−0.011%	$4.6M	$1.7M	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	143.55	−0.089%	$179K	$246K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.45	−0.154%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.47	−0.143%	$794K	$438K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.66	−0.011%	$78.8M	$33.9M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.52	−0.108%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.49	−0.126%	$327K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.59	−0.059%	$61.0M	$65.7M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.49	−0.129%	$50K	$274K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.47	−0.143%	$9.9M	$8.7M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.56	−0.080%	$29.9M	$18.2M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	143.60	−0.052%	—	$44.0M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.63	−0.032%	$379K	$711K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	143.65	−0.019%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.15	−0.369%	$101K	$315K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.53	−0.101%	$125K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.57	−0.070%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.70	+0.017%	$714K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.60	−0.052%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.56	−0.080%	$919K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0164%	8h	143.64	−0.025%	$3.5M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTXshort	+0.0248%	1h	143.80	+0.087%	$772K	$3.0M	50x
GMX AAVE/USD [AAVE-USDC]long	L +0.0267% / S −0.0438%	1h	143.68	long leg	$123K	—	100x