Funding you earn now, next payment 01:00 UTC+0.0411%/8h= +45.0% APRnext payment +$0.51 per $10,000 · paid last 24h +0.081%
Price spread now: GMX against SoDEX+0.022%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 3 days (all we have)−0.079%−$8 on $10k
+Price spread, last 3 days (all we have)+0.005%$0 · spread now +0.022%, 7d avg +0.060%
=Funding pays, the price is against you. GMX is 0.038% cheaper against SoDEX than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.060%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$12 a day). Mind the row above: over the last 3 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.079% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 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 | SoDEX AAVE-USD | 145.08 | −0.0039 | get 0.0005% / 1h | 2m 46s | $5K | $302K | 10x |
| Short | GMX AAVE/USD [AAVE-USDC] | 145.11 | L +0.0235% / S −0.0373% | get 0.0047% / 1h | 2m 46s | $129K | — | 100x |
SoDEX AAVE-USD
GMX AAVE/USD [AAVE-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against SoDEX. 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
- $86.37
- Price spread: +0.022% → +0.060%
- −$3.84
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $62.54
- Costs to cover
- 0.200%
- Break-even
- 1.9 days
Slippage unknown: SoDEX: live order book, 6 min ago; GMX: no order-book sample. 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 SoDEX live order book, 6 min ago | 0.34 bp | 5.3 bp −$5 | 10.8 bp −$108 | 99.6 bp −$9,961 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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_AAVEUSD | −0.0186% | 1h | 145.18 | +0.070% | $3.5M | $2.0M | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0136% | 1h | 145.15 | +0.048% | $11K | $2K | 5x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | −0.0094% | 1h | 145.15 | +0.048% | $253K | $363K | 50x | as long as short |
| SoDEX AAVE-USDlong | −0.0039% | 1h | 145.08 | long leg | $5K | $302K | 10x | |
| dYdX AAVE-USD | 0.0000% | 1h | 145.17 | +0.060% | $104K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 145.43 | +0.241% | $65K | $1.5M | 3.4x | as long as short |
| Phoenix AAVE | 0.0000% | 1h | 146.22 | +0.786% | $5K | $102K | 10x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 145.14 | +0.040% | $70K | — | 150x | as long as short |
| MEXC AAVE_USDT | +0.0030% | 8h | 145.10 | +0.014% | $28.1M | $26.2M | 200x | as long as short |
| Binance AAVEUSDT | +0.0030% | 8h | 145.16 | +0.058% | $65.7M | $183.5M | 75x | as long as short |
Kraken Futures PF_AAVEUSD
01 Exchange AAVEUSD
Deribit AAVE_USDC-PERPETUAL
dYdX AAVE-USD
Kalshi KXAAVEPERP
Phoenix AAVE
gTrade (Gains Network) AAVE/USD
MEXC AAVE_USDT
Binance AAVEUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −5.597% | $422 | $51K | 12x | as long as short |
| ApeX Omni AAVEUSDT | +0.0043% | 1h | 145.54 | +0.317% | $135K | $231K | 50x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0044% | 8h | 145.15 | +0.048% | $18K | $10K | 10x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 145.09 | +0.007% | — | — | 20x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0063% | 8h | 144.96 | −0.083% | $17.6M | $65.8M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 145.17 | +0.062% | $123K | $146 | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 145.38 | +0.209% | $4.7M | $1.5M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 145.02 | −0.039% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 145.18 | +0.069% | $795K | $423K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 145.28 | +0.138% | $79.0M | $35.5M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 145.19 | +0.075% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 145.16 | +0.055% | $331K | $469K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 145.01 | −0.048% | $62.1M | $64.8M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 144.98 | −0.069% | $45K | $246K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 145.02 | −0.041% | $7.8M | $15.4M | 75x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 145.21 | +0.090% | $10.9M | $9.1M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 145.06 | −0.014% | $30.1M | $18.0M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 145.03 | −0.034% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 145.16 | +0.055% | $332K | $744K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 145.38 | +0.205% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 146.11 | +0.710% | $105K | $317K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 145.47 | +0.270% | $454K | $3.7M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 145.17 | +0.062% | $126K | $417K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 145.26 | +0.121% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 145.52 | +0.306% | $707K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 144.98 | −0.069% | $4.1M | $3.8M | 50x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 146.28 | +0.827% | $59K | $2K | 10x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 144.90 | −0.122% | $934K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0107% | 1h | 145.02 | −0.041% | $184K | $245K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0121% | 8h | 145.04 | −0.028% | $3.5M | $3.4M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC]short | L +0.0235% / S −0.0373% | 1h | 145.11 | +0.022% | $129K | — | 100x | |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 145.25 | +0.117% | $777K | $2.9M | 50x | as long as short |
Injective AAVE/USDC PERP
ApeX Omni AAVEUSDT
Orderly PERP_AAVE_USDC
Reya AAVERUSDPERP
OKX AAVE-USDT-SWAP
Aevo AAVE-PERP
Lighter AAVE
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Gate AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Bulk AAVE-USD
Extended AAVE-USD
RISEx AAVE/USDC
BloFin AAVE-USDT
Coinbase International AAVE-PERP-INTX