AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h +0.016%

Price spread now: GMX against Coinbase International−0.134%53s7-day average −0.028% · you buy dearer than you sell

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.222%−$22 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.134%, 7d avg −0.028%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.106% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.028%). If the spread goes back, that is −$11 on $10k: about 5.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.222%, so the current rate has only just turned in your favour. The two prices were read 53 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	Coinbase International AAVE-PERP-INTX	142.29	0.0296	pay 0.0037% / 1h	5m 27s	$755K	$2.8M	50x
Short	GMX AAVE/USD [AAVE-USDC]	142.10	L +0.0252% / S −0.0362%	get 0.0045% / 1h	5m 27s	$111K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −0.134%Rate

Funding earned: $13.89
Price spread: −0.134% → −0.028%: −$10.64
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$18.75
Costs to cover: 0.220%
Break-even: 16.4 days

Slippage unknown: Coinbase International: live order book, 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 Coinbase International live order book, 3 min ago	4.92 bp	13.7 bp −$14	18.4 bp −$184	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 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	142.31	+0.012%	$102K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	142.38	+0.063%	$50K	$1.4M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	142.31	+0.014%	$215K	$398K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	142.10	−0.134%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.746%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	142.05	−0.171%	—	—	20x	as long as short
Nado AAVE-PERP	+0.0071%	1h	142.07	−0.155%	$827K	$396K	10x	as long as short
Orderly PERP_AAVE_USDC	+0.0080%	8h	142.06	−0.162%	$18K	$7K	10x	as long as short
Phoenix AAVE	+0.0089%	1h	142.50	+0.148%	$4K	$108K	10x	as long as short
Lighter AAVE	+0.0096%	1h	142.34	+0.032%	$4.5M	$2.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AAVE-USD-PERP	+0.0100%	8h	142.14	−0.106%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	142.18	−0.080%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	142.20	−0.065%	$325K	$384K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	142.08	−0.148%	$63.9M	$188.4M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	142.08	−0.148%	$61.4M	$67.4M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	142.09	−0.141%	$17.0M	$64.0M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	142.20	−0.063%	$63K	$197K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	142.35	+0.042%	$161K	$103K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	142.13	−0.112%	$8.0M	$16.0M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	142.09	−0.141%	$24.3M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	142.13	−0.112%	$10.2M	$9.5M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	142.10	−0.134%	$29.0M	$17.8M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	142.24	−0.035%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	142.26	−0.021%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	142.14	−0.108%	$107K	$283K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	142.20	−0.063%	$451K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	142.13	−0.112%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	142.16	−0.091%	$141K	$470K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	142.38	+0.066%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	142.27	−0.014%	$5K	$285K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	142.49	+0.143%	$674K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	142.29	0.000%	$4.0M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	142.08	−0.148%	$905K	$1.7M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	142.09	−0.137%	$120K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0112%	1h	142.14	−0.105%	$10K	$2K	5x	as long as short
Hyperliquid AAVE	+0.0163%	1h	142.24	−0.035%	$77.8M	$36.9M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0168%	1h	142.42	+0.091%	$391K	$727K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	142.43	+0.098%	$3.3M	$3.6M	100x	as long as short
GMX AAVE/USD [AAVE-USDC]short	L +0.0252% / S −0.0362%	1h	142.10	−0.134%	$111K	—	100x
RISEx AAVE/USDC	+0.0256%	1h	142.16	−0.089%	$189K	$270K	10x	as long as short
Coinbase International AAVE-PERP-INTXlong	+0.0296%	1h	142.29	long leg	$755K	$2.8M	50x
Kraken Futures PF_AAVEUSD	+0.0317%	1h	142.36	+0.052%	$3.4M	$2.1M	50x	as long as short