Funding you earn now, next payment 12:00 UTC+0.0312%/8h= +34.2% APRpaid last 24h +0.096%
Price spread now: GMX against Variational Omni−0.108%7-day average +0.060% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.065%−$7 on $10k
+Price spread, last 4 days (all we have)+0.376%+$38 · spread now −0.108%, 7d avg +0.060%
=Together, before fees+0.311%+ Points / potential airdropVariational Omni: Active · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.168% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.060%). If the spread goes back, that is −$17 on $10k: about 43 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 4 days funding on this pair cost −0.065%, 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 4 days it paid -0.065% in total (about -6.5% 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 | Variational Omni AAVE | 140.23 | 0.0053 | pay 0.0053% / 8h | 4h 49m | $3.6M | $746K | — |
| Short | GMX AAVE/USD [AAVE-USDC] | 140.08 | L +0.0255% / S −0.0365% | get 0.0046% / 1h | 49m 25s | $110K | — | 100x |
Variational Omni AAVE
GMX AAVE/USD [AAVE-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Variational Omni. 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
- $65.55
- Price spread: −0.108% → +0.060%
- −$16.83
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $36.73
- Costs to cover
- 0.120%
- Break-even
- 3.1 days
Slippage unknown: Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago | 3.07 bp | doesn't fit | 12.1 bp −$121 | doesn't fit | 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 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 | −0.7297% | 1h | 139.39 | −0.597% | $205K | $304K | 50x | as long as short |
| SoDEX AAVE-USD | −0.0133% | 1h | 140.39 | +0.116% | $7K | $216K | 10x | as long as short |
| 01 Exchange AAVEUSD | −0.0080% | 1h | 140.33 | +0.073% | $10K | $2K | 5x | as long as short |
| Bybit AAVEUSDT | −0.0009% | 8h | 140.27 | +0.030% | $60.8M | $59.0M | 75x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 140.22 | −0.002% | $101K | $6K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 140.35 | +0.087% | $48K | $1.3M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 139.97 | −0.184% | $78K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −2.330% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 140.20 | −0.022% | — | — | 20x | as long as short |
| Variational Omni AAVElong | +0.0053% | 8h | 140.23 | long leg | $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 | 140.39 | +0.116% | $17K | $2K | 10x | as long as short |
| Phemex AAVEUSDT | +0.0090% | 8h | 140.26 | +0.023% | $3.9M | $3.6M | 50x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 140.28 | +0.035% | $4.5M | $2.2M | 10x | as long as short |
| Phoenix AAVE | +0.0097% | 1h | 140.65 | +0.301% | $4K | $81K | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 140.18 | −0.034% | $13K | $444 | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 140.44 | +0.151% | $814K | $308K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 140.41 | +0.130% | $77.0M | $27.5M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 140.37 | +0.104% | $1.2M | $1.0M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 140.17 | −0.041% | $341K | $300K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 140.35 | +0.087% | $63.2M | $157.8M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 140.28 | +0.037% | $16.1M | $50.9M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 140.44 | +0.151% | $94K | $205K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 140.57 | +0.246% | $165K | $20K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 140.30 | +0.051% | $8.1M | $13.1M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 140.26 | +0.023% | $22.4M | $21.3M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 140.35 | +0.087% | $10.1M | $9.2M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 140.25 | +0.016% | $29.0M | $16.0M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 139.84 | −0.277% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 140.40 | +0.123% | $384K | $592K | 10x | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 140.14 | −0.062% | $108K | $283K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 140.19 | −0.030% | $442K | $3.0M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 140.25 | +0.016% | $130K | $222K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 140.30 | +0.051% | $131K | $367K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 140.48 | +0.178% | $2K | $1.1M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 140.67 | +0.317% | $635K | $1.4M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 140.22 | −0.008% | $908K | $1.4M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 140.39 | +0.114% | $119K | — | 10x | as long as short |
| RISEx AAVE/USDC | +0.0175% | 1h | 140.39 | +0.116% | $172K | $229K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 140.12 | −0.077% | $3.2M | $3.3M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC]short | L +0.0255% / S −0.0365% | 1h | 140.08 | −0.108% | $110K | — | 100x | |
| Coinbase International AAVE-PERP-INTX | +0.0256% | 1h | 140.49 | +0.187% | $751K | $2.1M | 50x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0336% | 1h | 140.41 | +0.129% | $3.4M | $1.8M | 50x | as long as short |
Orderly PERP_AAVE_USDC
Phemex AAVEUSDT
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
Extended AAVE-USD
Aevo AAVE-PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
Coinbase International AAVE-PERP-INTX
Kraken Futures PF_AAVEUSD