AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0815%/8h= +89.2% APRnext payment +$1.02 per $10,000 · paid last 24h +0.311%

Price spread now: GMX against Deribit+0.161%7-day average +0.067% · you sell dearer than you buy

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.199%+$20 on $10k

Price spread, last 3 days (all we have)−0.131%−$13 · spread now +0.161%, 7d avg +0.067%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and GMX is 0.094% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.067%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.199% in total (about 23.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.02 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	Deribit AAVE_USDC-PERPETUAL	143.45	−0.0377	get 0.0047% / 1h	6m 37s	$252K	$494K	50x
Short	GMX AAVE/USD [AAVE-USDC]	143.68	L +0.0266% / S −0.0438%	get 0.0055% / 1h	6m 37s	$124K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now +0.161%Rate

Funding earned: $171.06
Price spread: +0.161% → +0.067%: $9.43
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $161.49
Costs to cover: 0.190%
Break-even: 0.4 days

Slippage unknown: Deribit: live order book, 12 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 Deribit live order book, 12 min ago	4.51 bp	8.4 bp −$8	13.9 bp −$139	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
Deribit AAVE_USDC-PERPETUALlong	−0.0377%	1h	143.45	long leg	$252K	$494K	50x
SoDEX AAVE-USD	−0.0136%	1h	143.37	−0.056%	$5K	$299K	10x	as long as short
01 Exchange AAVEUSD	−0.0096%	1h	143.38	−0.049%	$10K	$2K	5x	as long as short
Phoenix AAVE	−0.0044%	1h	144.10	+0.453%	$5K	$101K	10x	as long as short
dYdX AAVE-USD	0.0000%	1h	143.54	+0.066%	$102K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.83	+0.265%	$70K	$1.5M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.70	+0.175%	$70K	—	150x	as long as short
Kraken Futures PF_AAVEUSD	+0.0012%	1h	143.52	+0.050%	$3.4M	$2.1M	50x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.524%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.62	+0.116%	—	—	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC AAVE_USDT	+0.0047%	8h	143.36	−0.063%	$30.9M	$26.4M	200x	as long as short
Binance AAVEUSDT	+0.0047%	8h	143.34	−0.077%	$65.3M	$185.2M	75x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.41	−0.028%	$18K	$12K	10x	as long as short
OKX AAVE-USDT-SWAP	+0.0055%	8h	143.37	−0.056%	$17.3M	$65.8M	50x	as long as short
ApeX Omni AAVEUSDT	+0.0056%	1h	144.02	+0.397%	$134K	$229K	50x	as long as short
Gate AAVE_USDT	+0.0061%	8h	143.40	−0.035%	$7.7M	$16.0M	75x	as long as short
Bulk AAVE-USD	+0.0073%	1h	143.97	+0.366%	$60K	$3K	10x	as long as short
GRVT AAVE_USDT_Perp	+0.0092%	8h	144.07	+0.432%	$450K	$3.9M	10x	as long as short
Lighter AAVE	+0.0096%	1h	143.56	+0.079%	$4.6M	$1.6M	10x	as long as short
Aevo AAVE-PERP	+0.0096%	1h	143.45	−0.001%	$121K	$146	10x	as long as short
RISEx AAVE/USDC	+0.0097%	1h	143.46	+0.004%	$178K	$245K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.43	−0.017%	$13K	$4K	20x	as long as short
Nado AAVE-PERP	+0.0100%	1h	143.73	+0.193%	$797K	$436K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	143.50	+0.035%	$79.3M	$33.3M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.45	0.000%	$1.3M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.40	−0.035%	$327K	$505K	10x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.38	−0.049%	$61.0M	$65.5M	75x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.41	−0.028%	$50K	$273K	10x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.41	−0.028%	$10.2M	$8.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.33	−0.084%	$29.9M	$18.2M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.38	−0.049%	—	$6.5M	—	as long as short
Backpack AAVE_USDC_PERP	+0.0100%	1h	143.52	+0.049%	$379K	$709K	10x	as long as short
Variational Omni AAVE	+0.0100%	8h	144.01	+0.391%	$3.8M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	144.06	+0.425%	$101K	$314K	20x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.76	+0.216%	$126K	$468K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.39	−0.045%	$2K	$1.3M	20x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.55	+0.068%	$714K	$4.9M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	143.53	+0.056%	$4.1M	$3.8M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.35	−0.068%	$919K	$1.8M	50x	as long as short
BloFin AAVE-USDT	+0.0167%	8h	143.40	−0.035%	$3.4M	$5.3M	100x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0248%	1h	143.91	+0.321%	$770K	$3.0M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]short	L +0.0266% / S −0.0438%	1h	143.68	+0.161%	$124K	—	100x