Funding you earn now, next payment 06:00 UTC−0.0152%/8h= −16.7% APRnext payment −$0.19 per $10,000 · paid last 24h −0.030%
Price spread now: Polymarket Perps against GMX+0.059%54s7-day average −0.005% · 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)+0.133%+$13 on $10k
+Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.059%, 7d avg −0.005%
=The price spread pays, funding is against you. Polymarket Perps is 0.064% dearer against GMX than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.005%): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 34 hours. Mind the row above: over the last 3 days funding on this pair paid +0.133%, so the current rate has only just turned against you. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX AAVE/USD [AAVE-USDC] | 141.94 | L +0.0252% / S −0.0362% | pay 0.0032% / 1h | 27m 23s | $111K | — | 100x |
| Short | Polymarket Perps AAVE-USD | 142.02 | 0.0100 | get 0.0013% / 1h | 27m 23s | $140K | $468K | 10x |
GMX AAVE/USD [AAVE-USDC]
Polymarket Perps AAVE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$32
- Price spread: +0.059% → −0.005%
- $6.39
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$45.62
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 20 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 Polymarket Perps live order book, 20 min ago | 2.45 bp | 8.2 bp −$8 | 9.3 bp −$93 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX AAVE-USD | 0.0000% | 1h | 142.03 | +0.065% | $101K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 141.96 | +0.017% | $52K | $1.5M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 142.03 | +0.066% | $216K | $394K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 141.90 | −0.025% | $79K | — | 150x | as long as short |
| Nado AAVE-PERP | +0.0031% | 1h | 141.93 | −0.001% | $828K | $401K | 10x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −3.506% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 141.86 | −0.051% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0068% | 8h | 141.82 | −0.082% | $18K | $10K | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 141.99 | +0.039% | $13K | $4K | 20x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 141.95 | +0.009% | $1.2M | $1.2M | 50x | as long as short |
dYdX AAVE-USD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Nado AAVE-PERP
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Paradex AAVE-USD-PERP
Aster AAVEUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica AAVE | +0.0100% | 1h | 142.05 | +0.078% | $325K | $447K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 141.88 | −0.040% | $63.4M | $190.5M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 141.88 | −0.040% | $60.8M | $68.4M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 141.79 | −0.103% | $17.0M | $64.3M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 142.07 | +0.094% | $63K | $198K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 142.34 | +0.283% | $57K | −$0 | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 141.90 | −0.026% | $8.0M | $16.1M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 141.95 | +0.010% | $25.0M | $24.1M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 141.91 | −0.019% | $10.2M | $9.4M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 141.93 | −0.004% | $29.0M | $18.4M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 141.94 | +0.003% | — | $43.6M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 141.93 | −0.002% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 142.41 | +0.334% | $105K | $280K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.57 | +0.445% | $446K | $3.9M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 142.52 | +0.411% | $132K | $222K | 50x | as long as short |
| Polymarket Perps AAVE-USDshort | +0.0100% | 1h | 142.02 | +0.059% | $140K | $468K | 10x | |
| SunX AAVE-USDT | +0.0100% | 8h | 142.13 | +0.137% | $1K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 142.01 | +0.052% | $5K | $313K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 142.46 | +0.365% | $681K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 142.04 | +0.073% | $4.0M | $3.6M | 50x | as long as short |
| Hyperliquid AAVE | +0.0103% | 1h | 142.10 | +0.115% | $77.7M | $37.1M | 10x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 141.93 | −0.008% | $905K | $1.7M | 50x | as long as short |
| 01 Exchange AAVEUSD | +0.0104% | 1h | 142.03 | +0.066% | $10K | $2K | 5x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 142.07 | +0.095% | $120K | $146 | 10x | as long as short |
| Phoenix AAVE | +0.0118% | 1h | 142.14 | +0.143% | $4K | $106K | 10x | as long as short |
| Backpack AAVE_USDC_PERP | +0.0152% | 1h | 142.20 | +0.186% | $337K | $730K | 10x | as long as short |
| RISEx AAVE/USDC | +0.0207% | 1h | 142.03 | +0.067% | $190K | $253K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 142.37 | +0.306% | $3.3M | $3.5M | 100x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0238% | 1h | 142.07 | +0.092% | $3.4M | $2.1M | 50x | as long as short |
| GMX AAVE/USD [AAVE-USDC]long | L +0.0252% / S −0.0362% | 1h | 141.94 | long leg | $111K | — | 100x | |
| Lighter AAVE | +0.0280% | 1h | 142.23 | +0.210% | $4.5M | $2.4M | 10x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0376% | 1h | 142.08 | +0.101% | $765K | $2.8M | 50x | as long as short |
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
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
SunX AAVE-USDT
SoDEX AAVE-USD
HTX AAVE-USDT
Phemex AAVEUSDT
Hyperliquid AAVE
Extended AAVE-USD
01 Exchange AAVEUSD
Aevo AAVE-PERP
Phoenix AAVE
Backpack AAVE_USDC_PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
Kraken Futures PF_AAVEUSD
Lighter AAVE
Coinbase International AAVE-PERP-INTX