Funding you earn now, next payment 04:00 UTC+0.0362%/8h= +39.7% APRnext payment +$0.45 per $10,000 · paid last 24h +0.080%
Price spread now: GMX against dYdX−0.051%7-day average +0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.058%−$6 on $10k
+Price spread, last 4 days (all we have)+0.304%+$30 · spread now −0.051%, 7d avg +0.033%
=Funding pays, the price is against you. GMX is 0.084% cheaper against dYdX than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.033%). If the spread goes back, that is −$8 on $10k: about 19 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 3 days funding on this pair cost −0.058%, 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 -0.058% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.45 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 | dYdX AAVE-USD | 142.88 | 0 | get 0.0000% / 1h | 19m 48s | $102K | $4K | 10x |
| Short | GMX AAVE/USD [AAVE-USDC] | 142.81 | L +0.0252% / S −0.0362% | get 0.0045% / 1h | 19m 48s | $112K | — | 100x |
dYdX AAVE-USD
GMX AAVE/USD [AAVE-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against dYdX. 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
- $76.05
- Price spread: −0.051% → +0.033%
- −$8.4
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $45.65
- Costs to cover
- 0.220%
- Break-even
- 2.8 days
Slippage unknown: dYdX: live order book, 39 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 dYdX live order book, 39 min ago | 82.64 bp | 87.6 bp −$88 | 87.6 bp −$876 | 111.1 bp −$11.1K | 376.3 bp −$188.1K |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange AAVEUSD | −0.0144% | 1h | 142.74 | −0.098% | $10K | $2K | 5x | as long as short |
| dYdX AAVE-USDlong | 0.0000% | 1h | 142.88 | long leg | $102K | $4K | 10x | |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 142.82 | −0.042% | $46K | $1.5M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 142.77 | −0.077% | $219K | $401K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 142.81 | −0.047% | $80K | — | 150x | as long as short |
| Nado AAVE-PERP | +0.0011% | 1h | 142.84 | −0.024% | $842K | $448K | 10x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −4.143% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 142.72 | −0.115% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0049% | 8h | 142.75 | −0.091% | $18K | $10K | 10x | as long as short |
| Phoenix AAVE | +0.0056% | 1h | 142.95 | +0.049% | $4K | $102K | 10x | as long as short |
01 Exchange AAVEUSD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Nado AAVE-PERP
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Phoenix AAVEShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter AAVE | +0.0096% | 1h | 142.90 | +0.015% | $4.5M | $2.0M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 142.89 | +0.008% | $13K | $4K | 20x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 142.81 | −0.049% | $76.9M | $35.5M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 142.80 | −0.058% | $1.2M | $1.3M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 142.87 | −0.004% | $327K | $448K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 142.76 | −0.086% | $63.8M | $186.5M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 142.77 | −0.077% | $61.1M | $67.1M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 142.73 | −0.105% | $17.1M | $64.1M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 142.94 | +0.042% | $64K | $203K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 142.88 | 0.000% | $58K | $2K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 142.80 | −0.056% | $8.1M | $15.9M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 142.76 | −0.084% | $25.1M | $23.8M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 142.78 | −0.070% | $10.5M | $9.3M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 142.69 | −0.133% | $29.0M | $18.2M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 142.76 | −0.084% | — | $43.8M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 142.85 | −0.021% | $336K | $719K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 142.71 | −0.120% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 142.74 | −0.099% | $103K | $279K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 142.72 | −0.113% | $459K | $3.8M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 142.82 | −0.042% | $133K | $220K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 142.79 | −0.063% | $125K | $386K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 142.71 | −0.117% | $1K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 142.78 | −0.070% | $5K | $292K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 142.97 | +0.060% | $688K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 142.72 | −0.112% | $4.0M | $3.7M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 142.74 | −0.100% | $896K | $1.7M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 142.81 | −0.052% | $121K | $146 | 10x | as long as short |
| RISEx AAVE/USDC | +0.0136% | 1h | 142.89 | +0.004% | $178K | $241K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 142.68 | −0.140% | $3.3M | $3.6M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC]short | L +0.0252% / S −0.0362% | 1h | 142.81 | −0.051% | $112K | — | 100x | |
| Kraken Futures PF_AAVEUSD | +0.0324% | 1h | 142.87 | −0.009% | $3.4M | $2.1M | 50x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0336% | 1h | 142.95 | +0.049% | $793K | $2.8M | 50x | as long as short |
Lighter AAVE
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Binance AAVEUSDT
Bybit AAVEUSDT
OKX AAVE-USDT-SWAP
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
MEXC AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
ApeX Omni AAVEUSDT
Polymarket Perps AAVE-USD
SunX AAVE-USDT
SoDEX AAVE-USD
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
Aevo AAVE-PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
Kraken Futures PF_AAVEUSD
Coinbase International AAVE-PERP-INTX