Funding you earn now, next payment 01:00 UTC−0.0454%/8h= −49.7% APRnext payment −$0.57 per $10,000 · paid last 24h −0.073%
Price spread now: Kraken Futures against GMX+0.134%7-day average −0.016% · 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)−0.009%−$1 on $10k
+Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.134%, 7d avg −0.016%
=The price spread pays, funding is against you. Kraken Futures is 0.150% dearer against GMX than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of −0.016%): +$15 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 3 days (−0.009% in total) that is about 51 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.009% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 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] | 145.94 | L +0.0269% / S −0.0449% | pay 0.0034% / 1h | 49m 03s | $128K | — | 100x |
| Short | Kraken Futures PF_AAVEUSD | 146.14 | −0.0184 | pay 0.0023% / 1h | 49m 03s | $3.5M | $2.1M | 50x |
GMX AAVE/USD [AAVE-USDC]
Kraken Futures PF_AAVEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$95.27
- Price spread: +0.134% → −0.016%
- $14.95
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$102.32
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago | 6.18 bp | 13.1 bp −$13 | 23.3 bp −$233 | 115.0 bp −$11.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AAVEUSDshort | −0.0184% | 1h | 146.14 | +0.134% | $3.5M | $2.1M | 50x | |
| 01 Exchange AAVEUSD | −0.0128% | 1h | 145.94 | −0.001% | $11K | $2K | 5x | as long as short |
| ApeX Omni AAVEUSDT | −0.0082% | 1h | 145.42 | −0.357% | $135K | $229K | 50x | as long as short |
| SoDEX AAVE-USD | −0.0041% | 1h | 146.02 | +0.054% | $5K | $305K | 10x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 145.75 | −0.128% | $104K | $5K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 145.87 | −0.049% | $79K | $1.5M | 3.4x | as long as short |
| Phoenix AAVE | 0.0000% | 1h | 145.67 | −0.186% | $5K | $102K | 10x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 146.05 | +0.075% | $255K | $391K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 145.94 | +0.002% | $71K | — | 150x | as long as short |
| MEXC AAVE_USDT | +0.0023% | 8h | 146.00 | +0.041% | $29.1M | $25.6M | 200x | as long as short |
01 Exchange AAVEUSD
ApeX Omni AAVEUSDT
SoDEX AAVE-USD
dYdX AAVE-USD
Kalshi KXAAVEPERP
Phoenix AAVE
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AAVEUSDT | +0.0023% | 8h | 146.06 | +0.082% | $66.2M | $187.6M | 75x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.154% | $422 | $51K | 12x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0034% | 8h | 145.61 | −0.225% | $456K | $3.9M | 10x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 145.83 | −0.074% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0051% | 8h | 146.01 | +0.047% | $18K | $12K | 10x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0066% | 8h | 146.03 | +0.061% | $17.8M | $67.3M | 50x | as long as short |
| Gate AAVE_USDT | +0.0069% | 8h | 145.99 | +0.034% | $7.9M | $15.2M | 75x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 146.04 | +0.068% | $123K | $146 | 10x | as long as short |
| BloFin AAVE-USDT | +0.0093% | 8h | 145.90 | −0.028% | $3.5M | $4.1M | 100x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.19 | +0.172% | $4.7M | $1.5M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 145.78 | −0.109% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 145.84 | −0.073% | $797K | $448K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 146.15 | +0.143% | $79.8M | $35.4M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 146.02 | +0.057% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 145.85 | −0.063% | $333K | $503K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 146.03 | +0.061% | $62.3M | $66.0M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 145.96 | +0.013% | $46K | $278K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 145.52 | −0.285% | $61K | −$0 | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 146.03 | +0.061% | $10.0M | $8.8M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 146.00 | +0.041% | $30.3M | $18.2M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 146.01 | +0.047% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 146.13 | +0.130% | $346K | $743K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 145.51 | −0.294% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 145.59 | −0.239% | $105K | $317K | 20x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 145.92 | −0.014% | $128K | $449K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 145.94 | −0.004% | $2K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 146.30 | +0.245% | $698K | $5.1M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 145.98 | +0.027% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 145.99 | +0.033% | $934K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0107% | 1h | 145.99 | +0.030% | $185K | $246K | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC]long | L +0.0269% / S −0.0449% | 1h | 145.94 | long leg | $128K | — | 100x | |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 146.15 | +0.143% | $784K | $3.1M | 50x | as long as short |
Binance AAVEUSDT
Injective AAVE/USDC PERP
GRVT AAVE_USDT_Perp
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
OKX AAVE-USDT-SWAP
Gate AAVE_USDT
Aevo AAVE-PERP
BloFin AAVE-USDT
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-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
RISEx AAVE/USDC
Coinbase International AAVE-PERP-INTX