Funding you earn now, next payment 07:00 UTC−0.0252%/8h= −27.6% APRnext payment −$0.32 per $10,000 · paid last 24h −0.063%
Price spread now: dYdX against GMX−0.269%7-day average −0.030% · 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)+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.269%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and dYdX is 0.239% cheaper against GMX than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.030% in total (about 3.1% 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 | GMX AAVE/USD [AAVE-USDC] | 142.78 | L +0.0252% / S −0.0362% | pay 0.0032% / 1h | 44m 56s | $112K | — | 100x |
| Short | dYdX AAVE-USD | 142.39 | 0 | get 0.0000% / 1h | 44m 56s | $102K | $4K | 10x |
GMX AAVE/USD [AAVE-USDC]
dYdX AAVE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against GMX. 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
- −$53
- Price spread: −0.269% → −0.030%
- −$23.86
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$98.86
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; dYdX: live order book, 64 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 dYdX live order book, 64 min ago | 69.02 bp | 74.0 bp −$74 | 138.9 bp −$1,389 | 160.4 bp −$16.0K | 223.4 bp −$111.7K |
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-USDshort | 0.0000% | 1h | 142.39 | −0.269% | $102K | $4K | 10x | |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 142.37 | −0.285% | $51K | $1.5M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 142.76 | −0.012% | $217K | $396K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 142.76 | −0.010% | $80K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −4.074% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 142.69 | −0.062% | — | — | 20x | as long as short |
| Nado AAVE-PERP | +0.0048% | 1h | 142.68 | −0.064% | $827K | $401K | 10x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0077% | 8h | 142.73 | −0.033% | $18K | $10K | 10x | as long as short |
| Phoenix AAVE | +0.0089% | 1h | 143.30 | +0.367% | $4K | $108K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 142.85 | +0.052% | $4.5M | $2.4M | 10x | as long as short |
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Nado AAVE-PERP
Orderly PERP_AAVE_USDC
Phoenix AAVE
Lighter AAVEShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 142.36 | −0.290% | $13K | $4K | 20x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 142.62 | −0.109% | $1.2M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 142.45 | −0.230% | $325K | $449K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 142.60 | −0.124% | $64.2M | $192.1M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 142.58 | −0.138% | $61.3M | $68.4M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 142.60 | −0.124% | $17.0M | $65.5M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 142.64 | −0.096% | $64K | $197K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 142.88 | +0.075% | $58K | −$0 | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 142.59 | −0.131% | $8.0M | $15.9M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 142.62 | −0.110% | $25.0M | $24.0M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 142.61 | −0.117% | $10.3M | $9.5M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 142.54 | −0.166% | $29.1M | $18.4M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 142.56 | −0.152% | — | $43.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 142.80 | +0.016% | $335K | $724K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 142.34 | −0.306% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 142.69 | −0.060% | $107K | $283K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.76 | −0.013% | $452K | $3.9M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 142.70 | −0.054% | $133K | $223K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 142.80 | +0.016% | $141K | $471K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 142.76 | −0.014% | $1K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 142.72 | −0.040% | $5K | $311K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 142.93 | +0.105% | $678K | $5.3M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 142.74 | −0.026% | $4.0M | $3.6M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 142.54 | −0.167% | $906K | $1.7M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 142.77 | −0.007% | $121K | $146 | 10x | as long as short |
| 01 Exchange AAVEUSD | +0.0128% | 1h | 142.62 | −0.110% | $10K | $2K | 5x | as long as short |
| Hyperliquid AAVE | +0.0212% | 1h | 142.78 | +0.002% | $78.1M | $37.2M | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 142.77 | −0.005% | $3.3M | $3.6M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC]long | L +0.0252% / S −0.0362% | 1h | 142.78 | long leg | $112K | — | 100x | |
| RISEx AAVE/USDC | +0.0256% | 1h | 142.60 | −0.126% | $195K | $262K | 10x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 142.70 | −0.054% | $756K | $2.9M | 50x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0316% | 1h | 142.85 | +0.051% | $3.4M | $2.1M | 50x | as long as short |
Paradex AAVE-USD-PERP
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
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
SoDEX AAVE-USD
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
Aevo AAVE-PERP
01 Exchange AAVEUSD
Hyperliquid AAVE
BloFin AAVE-USDT
RISEx AAVE/USDC
Coinbase International AAVE-PERP-INTX
Kraken Futures PF_AAVEUSD