Funding arb · Price arb /

AAVE

all AAVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0262%/8h= +28.7% APRpaid last 24h +0.071%

Price spread now: GMX against Gate−0.050%7-day average +0.048% · you buy dearer than you sell

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.128%−$13 on $10k

Price spread, last 4 days (all we have)+0.401%+$40 · spread now −0.050%, 7d avg +0.048%

Together, before fees+0.273%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.097% cheaper against Gate than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.048%). If the spread goes back, that is −$10 on $10k: about 30 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 3 days funding on this pair cost −0.128%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AAVE_USDT	143.65	0.0100	pay 0.0100% / 8h	3h 53m	$8.1M	$15.9M	75x
Short	GMX AAVE/USD [AAVE-USDC]	143.58	L +0.0252% / S −0.0362%	get 0.0045% / 1h	53m 43s	$112K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now −0.050%Rate

Funding earned: $55.05
Price spread: −0.050% → +0.048%: −$9.72
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $18.34
Costs to cover: 0.270%
Break-even: 4.7 days

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	1.39 bp	14.3 bp −$14	26.1 bp −$261	46.4 bp −$4,638	53.6 bp −$26.8K
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	143.66	+0.008%	$103K	$4K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	143.53	−0.084%	$54K	$1.5M	3.4x	as long as short
Deribit AAVE_USDC-PERPETUAL	0.0000%	1h	143.53	−0.084%	$219K	$402K	50x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	143.59	−0.044%	$80K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−4.657%	$422	$51K	12x	as long as short
Nado AAVE-PERP	+0.0033%	1h	143.66	+0.007%	$845K	$398K	10x	as long as short
Phemex AAVEUSDT	+0.0034%	8h	143.55	−0.070%	$4.0M	$3.7M	50x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	143.54	−0.079%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0050%	8h	143.53	−0.084%	$18K	$10K	10x	as long as short
Phoenix AAVE	+0.0056%	1h	143.71	+0.042%	$4K	$106K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AAVE	+0.0096%	1h	143.86	+0.145%	$4.6M	$2.1M	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	143.91	+0.184%	$13K	$4K	20x	as long as short
Aster AAVEUSDT	+0.0100%	8h	143.68	+0.023%	$1.2M	$1.3M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	143.97	+0.223%	$329K	$447K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	143.77	+0.082%	$64.3M	$187.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	143.75	+0.070%	$61.8M	$67.7M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	143.78	+0.090%	$17.2M	$64.7M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	143.95	+0.209%	$64K	$200K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	143.81	+0.111%	$58K	$2K	10x	as long as short
Gate AAVE_USDTlong	+0.0100%	8h	143.65	long leg	$8.1M	$15.9M	75x
MEXC AAVE_USDT	+0.0100%	8h	143.62	−0.021%	$25.0M	$23.7M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	143.67	+0.014%	$10.6M	$9.3M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	143.65	0.000%	$29.3M	$18.3M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	143.70	+0.035%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	143.38	−0.188%	$3.7M	$1.3M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	143.58	−0.049%	$103K	$278K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	143.54	−0.078%	$462K	$3.7M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	143.60	−0.035%	$133K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	143.77	+0.084%	$127K	$439K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	143.51	−0.100%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	143.50	−0.104%	$5K	$312K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	143.91	+0.181%	$692K	$5.2M	75x	as long as short
Extended AAVE-USD	+0.0104%	1h	143.58	−0.049%	$911K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	143.56	−0.065%	$121K	$146	10x	as long as short
01 Exchange AAVEUSD	+0.0120%	1h	143.84	+0.132%	$11K	$2K	5x	as long as short
RISEx AAVE/USDC	+0.0132%	1h	143.87	+0.155%	$185K	$250K	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0179%	1h	143.60	−0.035%	$337K	$720K	10x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	143.95	+0.209%	$3.3M	$3.6M	100x	as long as short
Kraken Futures PF_AAVEUSD	+0.0247%	1h	143.61	−0.029%	$3.5M	$2.1M	50x	as long as short
GMX AAVE/USD [AAVE-USDC]short	L +0.0252% / S −0.0362%	1h	143.58	−0.050%	$112K	—	100x
Coinbase International AAVE-PERP-INTX	+0.0360%	1h	144.18	+0.369%	$791K	$2.8M	50x	as long as short
Hyperliquid AAVE	+0.0391%	1h	143.92	+0.188%	$79.1M	$36.7M	10x	as long as short