AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.069%

Price spread now: SoDEX against GMX+0.068%7-day average −0.059% · you sell dearer than you buy

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

Long on GMX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.052%+$5 on $10k

Price spread, last 3 days (all we have)−0.097%−$10 · spread now +0.068%, 7d avg −0.059%

Together, before fees−0.045%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.127% dearer against GMX than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of −0.059%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.0 days. Mind the row above: over the last 3 days funding on this pair paid +0.052%, 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]	144.18	L +0.0244% / S −0.0376%	pay 0.0030% / 1h	18m 36s	$125K	—	100x
Short	SoDEX AAVE-USD	144.28	0.0100	get 0.0013% / 1h	18m 36s	$5K	$297K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 SoDEXbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$30.22
Price spread: +0.068% → −0.059%: $12.75
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$37.47
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; SoDEX: live order book, 50 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 SoDEX live order book, 50 min ago	0.34 bp	5.0 bp −$5	9.8 bp −$98	92.4 bp −$9,241	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 41 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	−0.5710%	1h	143.46	−0.500%	$244K	$363K	50x	as long as short
01 Exchange AAVEUSD	−0.0040%	1h	144.34	+0.110%	$11K	$2K	5x	as long as short
Kraken Futures PF_AAVEUSD	−0.0034%	1h	144.37	+0.131%	$3.5M	$2.0M	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	144.50	+0.218%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	144.16	−0.015%	$70K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	144.22	+0.028%	$70K	—	150x	as long as short
Phoenix AAVE	+0.0006%	1h	144.83	+0.450%	$5K	$98K	10x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−5.009%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	144.34	+0.112%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0044%	8h	144.27	+0.062%	$18K	$10K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0065%	8h	144.58	+0.277%	$26.8M	$24.9M	200x	as long as short
Binance AAVEUSDT	+0.0067%	8h	144.40	+0.152%	$65.2M	$184.5M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0079%	8h	144.34	+0.110%	$17.3M	$65.3M	50x	as long as short
RISEx AAVE/USDC	+0.0089%	1h	144.40	+0.154%	$200K	$229K	10x	as long as short
Lighter AAVE	+0.0096%	1h	144.79	+0.426%	$4.7M	$1.5M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	144.30	+0.079%	$122K	$146	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	144.64	+0.315%	$14K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	144.41	+0.159%	$803K	$423K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	144.70	+0.360%	$78.3M	$35.6M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	144.55	+0.258%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	144.62	+0.306%	$330K	$435K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	144.38	+0.138%	$61.7M	$64.8M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	144.38	+0.138%	$45K	$181K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	144.44	+0.181%	$58K	$2K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	144.58	+0.277%	$7.8M	$15.2M	75x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	144.58	+0.277%	$10.8M	$9.2M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	144.33	+0.103%	$30.0M	$17.9M	75x	as long as short
BingX AAVE-USDT	+0.0100%	8h	144.43	+0.172%	—	$44.1M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	144.47	+0.200%	$322K	$745K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.48	+0.206%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.61	+0.296%	$104K	$318K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	144.81	+0.437%	$464K	$3.8M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	144.63	+0.311%	$134K	$219K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	144.41	+0.159%	$124K	$419K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	144.19	+0.003%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USDshort	+0.0100%	1h	144.28	+0.068%	$5K	$297K	10x
HTX AAVE-USDT	+0.0100%	8h	144.30	+0.085%	$699K	$5.2M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	144.31	+0.089%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	144.43	+0.170%	$917K	$1.7M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]long	L +0.0244% / S −0.0376%	1h	144.18	long leg	$125K	—	100x
Coinbase International AAVE-PERP-INTX	+0.0296%	1h	144.29	+0.075%	$776K	$2.8M	50x	as long as short