Funding you earn now, next payment 12:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h −0.054%
Price spread now: Variational Omni against GMX+0.109%7-day average −0.060% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)−0.376%−$38 · spread now +0.109%, 7d avg −0.060%
=Together, before fees−0.320%+ Points / potential airdropVariational Omni: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.168% dearer against GMX than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of −0.060%): +$17 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.8 days. Mind the row above: over the last 4 days funding on this pair paid +0.056%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.056% in total (about 5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX AAVE/USD [AAVE-USDC] | 140.08 | L +0.0255% / S −0.0365% | pay 0.0032% / 1h | 49m 21s | $110K | — | 100x |
| Short | Variational Omni AAVE | 140.23 | 0.0053 | get 0.0053% / 8h | 4h 49m | $3.6M | $746K | — |
GMX AAVE/USD [AAVE-USDC]
Variational Omni AAVEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$42.38
- Price spread: +0.109% → −0.060%
- $16.84
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$37.54
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago | 3.07 bp | doesn't fit | 10.1 bp −$101 | 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 exchanges
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 | −0.5246% | 1h | 139.34 | −0.525% | $207K | $307K | 50x | as long as short |
| SoDEX AAVE-USD | −0.0133% | 1h | 140.39 | +0.224% | $7K | $216K | 10x | as long as short |
| 01 Exchange AAVEUSD | −0.0080% | 1h | 140.33 | +0.182% | $10K | $2K | 5x | as long as short |
| Bybit AAVEUSDT | −0.0009% | 8h | 140.15 | +0.053% | $60.6M | $59.5M | 75x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 140.22 | +0.106% | $101K | $6K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 139.77 | −0.218% | $47K | $1.3M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 139.97 | −0.075% | $78K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −2.224% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 140.20 | +0.087% | — | — | 20x | as long as short |
| Variational Omni AAVEshort | +0.0053% | 8h | 140.23 | +0.109% | $3.6M | $746K | — |
Deribit AAVE_USDC-PERPETUAL
SoDEX AAVE-USD
01 Exchange AAVEUSD
Bybit AAVEUSDT
dYdX AAVE-USD
Kalshi KXAAVEPERP
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERPShow all 42 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_AAVE_USDC | +0.0083% | 8h | 139.97 | −0.075% | $17K | $2K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 140.31 | +0.166% | $4.5M | $2.2M | 10x | as long as short |
| Phoenix AAVE | +0.0097% | 1h | 140.65 | +0.410% | $4K | $81K | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 140.18 | +0.074% | $13K | $444 | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 140.04 | −0.022% | $815K | $313K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 140.41 | +0.239% | $77.0M | $27.5M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 140.14 | +0.046% | $1.2M | $1.0M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 140.17 | +0.067% | $341K | $300K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 140.15 | +0.053% | $63.1M | $158.7M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 139.98 | −0.068% | $16.0M | $51.3M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 140.44 | +0.260% | $94K | $205K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 140.57 | +0.355% | $165K | $20K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 140.07 | −0.004% | $8.2M | $13.1M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 140.26 | +0.132% | $22.4M | $21.3M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 140.35 | +0.196% | $10.1M | $9.2M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 140.06 | −0.011% | $29.0M | $16.0M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 139.84 | −0.168% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 140.40 | +0.232% | $384K | $592K | 10x | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 140.14 | +0.047% | $108K | $283K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 140.19 | +0.079% | $442K | $3.0M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 140.25 | +0.124% | $130K | $222K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 140.30 | +0.160% | $131K | $367K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 140.14 | +0.044% | $2K | $1.1M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 140.57 | +0.354% | $634K | $1.4M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 140.20 | +0.089% | $3.9M | $3.6M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 139.97 | −0.073% | $907K | $1.4M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 139.90 | −0.128% | $118K | — | 10x | as long as short |
| RISEx AAVE/USDC | +0.0175% | 1h | 140.39 | +0.225% | $172K | $229K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 140.07 | −0.004% | $3.2M | $3.3M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC]long | L +0.0255% / S −0.0365% | 1h | 140.08 | long leg | $110K | — | 100x | |
| Coinbase International AAVE-PERP-INTX | +0.0256% | 1h | 140.22 | +0.103% | $750K | $2.1M | 50x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0337% | 1h | 140.19 | +0.082% | $3.4M | $1.8M | 50x | as long as short |
Orderly PERP_AAVE_USDC
Lighter AAVE
Phoenix AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Binance AAVEUSDT
OKX AAVE-USDT-SWAP
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
MEXC AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
Aevo AAVE-PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
Coinbase International AAVE-PERP-INTX
Kraken Futures PF_AAVEUSD