Funding you earn now, next payment 09:00 UTC−0.0021%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h +0.013%
Price spread now: Coinbase International against GMX+0.168%67s7-day average +0.037% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.207%+$21 on $10k
+Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.168%, 7d avg +0.037%
=The price spread pays, funding is against you. Coinbase International is 0.130% dearer against GMX than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of +0.037%): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. Mind the row above: over the last 4 days funding on this pair paid +0.207%, so the current rate has only just turned against you. The two prices were read 67 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 | GMX AAVE/USD [AAVE-USDC] | 141.76 | L +0.0253% / S −0.0360% | pay 0.0032% / 1h | 18m 17s | $110K | — | 100x |
| Short | Coinbase International AAVE-PERP-INTX | 142.00 | 0.0232 | get 0.0029% / 1h | 18m 17s | $753K | $2.3M | 50x |
GMX AAVE/USD [AAVE-USDC]
Coinbase International AAVE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against GMX. 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
- −$4.31
- Price spread: +0.168% → +0.037%
- $13.02
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$13.3
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 4 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 4 min ago | 5.63 bp | 13.5 bp −$14 | 17.6 bp −$176 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| SoDEX AAVE-USD | −0.0109% | 1h | 141.85 | +0.062% | $6K | $241K | 10x | as long as short |
| ApeX Omni AAVEUSDT | −0.0040% | 1h | 141.90 | +0.097% | $132K | $221K | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 141.91 | +0.105% | $102K | $6K | 10x | as long as short |
| 01 Exchange AAVEUSD | 0.0000% | 1h | 141.94 | +0.125% | $10K | $1K | 5x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 141.80 | +0.027% | $42K | $1.4M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 141.89 | +0.090% | $210K | $354K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 141.74 | −0.016% | $79K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −3.388% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 141.82 | +0.037% | — | — | 20x | as long as short |
| Bybit AAVEUSDT | +0.0048% | 8h | 141.75 | −0.009% | $61.1M | $62.2M | 75x | as long as short |
SoDEX AAVE-USD
ApeX Omni AAVEUSDT
dYdX AAVE-USD
01 Exchange AAVEUSD
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Bybit AAVEUSDTShow all 42 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex AAVEUSDT | +0.0061% | 8h | 141.84 | +0.055% | $3.9M | $3.6M | 50x | as long as short |
| Phoenix AAVE | +0.0062% | 1h | 141.94 | +0.125% | $4K | $97K | 10x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0089% | 8h | 141.82 | +0.041% | $17K | $2K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 141.97 | +0.147% | $4.6M | $2.2M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 141.68 | −0.059% | $13K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 141.79 | +0.023% | $814K | $317K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 142.08 | +0.223% | $78.0M | $31.6M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 141.90 | +0.097% | $1.2M | $1.1M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 141.75 | −0.009% | $345K | $319K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 141.82 | +0.043% | $63.9M | $170.5M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 141.85 | +0.062% | $16.5M | $55.1M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 142.01 | +0.175% | $95K | $206K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 141.80 | +0.027% | $164K | $106K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 141.88 | +0.083% | $8.1M | $14.2M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 141.87 | +0.076% | $22.1M | $24.1M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 141.90 | +0.097% | $10.3M | $9.3M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 141.85 | +0.062% | $29.3M | $16.6M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 141.86 | +0.069% | — | $43.2M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 141.78 | +0.010% | $3.7M | $724K | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 141.84 | +0.055% | $109K | $284K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 141.58 | −0.129% | $452K | $3.3M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 141.97 | +0.146% | $134K | $397K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 141.84 | +0.058% | $1K | $1.2M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 141.85 | +0.059% | $664K | $1.5M | 75x | as long as short |
| Backpack AAVE_USDC_PERP | +0.0103% | 1h | 141.82 | +0.041% | $387K | $633K | 10x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 141.84 | +0.053% | $916K | $1.6M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 141.89 | +0.090% | $120K | $146 | 10x | as long as short |
| RISEx AAVE/USDC | +0.0164% | 1h | 141.94 | +0.127% | $172K | $206K | 10x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0176% | 1h | 141.98 | +0.155% | $3.4M | $1.9M | 50x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 141.72 | −0.030% | $3.3M | $3.4M | 100x | as long as short |
| Coinbase International AAVE-PERP-INTXshort | +0.0232% | 1h | 142.00 | +0.168% | $753K | $2.3M | 50x | |
| GMX AAVE/USD [AAVE-USDC]long | L +0.0253% / S −0.0360% | 1h | 141.76 | long leg | $110K | — | 100x |
Phemex AAVEUSDT
Phoenix AAVE
Orderly PERP_AAVE_USDC
Lighter 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-USDT
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Backpack AAVE_USDC_PERP
Extended AAVE-USD
Aevo AAVE-PERP
RISEx AAVE/USDC
Kraken Futures PF_AAVEUSD
BloFin AAVE-USDT