Funding you earn now, next payment 02:00 UTC−0.0235%/8h= −25.8% APRnext payment −$0.29 per $10,000 · paid last 24h −0.045%
Price spread now: dYdX against GMX+0.090%7-day average −0.035% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.045%+$5 on $10k
+Price spread, last 3 days (all we have)−0.213%−$21 · spread now +0.090%, 7d avg −0.035%
=The price spread pays, funding is against you. dYdX is 0.125% dearer against GMX than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of −0.035%): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 43 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.045% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 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 | GMX AAVE/USD [AAVE-USDC] | 143.94 | L +0.0235% / S −0.0366% | pay 0.0029% / 1h | 41m 46s | $129K | — | 100x |
| Short | dYdX AAVE-USD | 144.07 | 0 | get 0.0000% / 1h | 41m 46s | $103K | $4K | 10x |
GMX AAVE/USD [AAVE-USDC]
dYdX AAVE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$49.42
- Price spread: +0.090% → −0.035%
- $12.5
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$58.92
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; dYdX: live order book, 27 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 dYdX live order book, 27 min ago | 67.94 bp | 77.4 bp −$77 | 206.2 bp −$2,062 | 387.0 bp −$38.7K | 871.7 bp −$435.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AAVEUSD | −0.0034% | 1h | 143.99 | +0.038% | $3.4M | $2.0M | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0032% | 1h | 143.94 | 0.000% | $11K | $2K | 5x | as long as short |
| ApeX Omni AAVEUSDT | −0.0009% | 1h | 144.47 | +0.368% | $134K | $230K | 50x | as long as short |
| dYdX AAVE-USDshort | 0.0000% | 1h | 144.07 | +0.090% | $103K | $4K | 10x | |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 143.94 | 0.000% | $65K | $1.5M | 3.4x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 143.89 | −0.035% | $250K | $362K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 143.94 | −0.004% | $70K | — | 150x | as long as short |
| Phoenix AAVE | +0.0006% | 1h | 144.20 | +0.181% | $5K | $98K | 10x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −4.849% | $422 | $51K | 12x | as long as short |
| MEXC AAVE_USDT | +0.0044% | 8h | 144.02 | +0.055% | $27.3M | $24.7M | 200x | as long as short |
Kraken Futures PF_AAVEUSD
01 Exchange AAVEUSD
ApeX Omni AAVEUSDT
Kalshi KXAAVEPERP
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Phoenix AAVE
Injective AAVE/USDC PERP
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_AAVE_USDC | +0.0044% | 8h | 143.87 | −0.049% | $18K | $10K | 10x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 143.91 | −0.022% | — | — | 20x | as long as short |
| Binance AAVEUSDT | +0.0044% | 8h | 143.99 | +0.037% | $65.0M | $185.2M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0067% | 8h | 143.93 | −0.007% | $17.4M | $65.9M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0089% | 1h | 144.01 | +0.048% | $184K | $232K | 10x | as long as short |
| SoDEX AAVE-USD | +0.0091% | 1h | 143.90 | −0.028% | $5K | $302K | 10x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 144.12 | +0.126% | $4.6M | $1.4M | 10x | as long as short |
| Aevo AAVE-PERP | +0.0096% | 1h | 143.92 | −0.014% | $122K | $146 | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 144.09 | +0.104% | $13K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 143.97 | +0.024% | $800K | $429K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 144.09 | +0.104% | $78.3M | $35.5M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 144.01 | +0.048% | $1.3M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 144.05 | +0.076% | $329K | $435K | 10x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 143.95 | +0.007% | $61.6M | $65.3M | 75x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 144.00 | +0.042% | $45K | $188K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 144.44 | +0.347% | $58K | $2K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 144.02 | +0.055% | $7.7M | $15.0M | 75x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 144.13 | +0.132% | $10.8M | $9.1M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 143.92 | −0.014% | $29.9M | $18.2M | 75x | as long as short |
| BingX AAVE-USDT | +0.0100% | 8h | 144.00 | +0.042% | — | $44.1M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 144.07 | +0.090% | $324K | $750K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 144.28 | +0.238% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 144.38 | +0.303% | $104K | $318K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 144.19 | +0.173% | $464K | $3.7M | 10x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 143.97 | +0.021% | $125K | $417K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 143.93 | −0.009% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 144.27 | +0.232% | $700K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 143.98 | +0.028% | $4.1M | $3.8M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 143.98 | +0.031% | $922K | $1.7M | 50x | as long as short |
| BloFin AAVE-USDT | +0.0147% | 8h | 144.53 | +0.410% | $3.4M | $3.5M | 100x | as long as short |
| GMX AAVE/USD [AAVE-USDC]long | L +0.0235% / S −0.0366% | 1h | 143.94 | long leg | $129K | — | 100x | |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 144.64 | +0.486% | $778K | $2.8M | 50x | as long as short |
Orderly PERP_AAVE_USDC
Reya AAVERUSDPERP
Binance AAVEUSDT
OKX AAVE-USDT-SWAP
RISEx AAVE/USDC
SoDEX AAVE-USD
Lighter AAVE
Aevo AAVE-PERP
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Bybit AAVEUSDT
Arcus AAVE-USD
Bulk AAVE-USD
Gate AAVE_USDT
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDT
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
GRVT AAVE_USDT_Perp
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
BloFin AAVE-USDT
Coinbase International AAVE-PERP-INTX