Funding you earn now, next payment 06:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.071%
Price spread now: Kalshi against GMX−0.062%7-day average −0.125% · 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)+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.062%, 7d avg −0.125%
=The price spread pays, funding is against you. Kalshi is 0.063% dearer against GMX than usual: you sell high and buy low (spread −0.062% now, against its 7-day average of −0.125%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.021% in total (about 2.2% a year). A funding rate is set anew for every payment. 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] | 144.03 | L +0.0252% / S −0.0362% | pay 0.0032% / 1h | 6m 35s | $113K | — | 100x |
| Short | Kalshi KXAAVEPERP | 143.94 | 0 | get 0.0000% / 8h | 6h 06m | $47K | $1.5M | 3.4x |
GMX AAVE/USD [AAVE-USDC]
Kalshi KXAAVEPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- −$53
- Price spread: −0.062% → −0.125%
- $6.33
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$68.68
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kalshi: live order book, 2 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 Kalshi live order book, 2 min ago | 1.74 bp | 14.5 bp −$14 | 20.6 bp −$206 | 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 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 | 143.95 | −0.056% | $103K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERPshort | 0.0000% | 8h | 143.94 | −0.062% | $47K | $1.5M | 3.4x | |
| Deribit AAVE_USDC-PERPETUAL | 0.0000% | 1h | 144.04 | +0.008% | $219K | $395K | 50x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 144.03 | 0.000% | $81K | — | 150x | as long as short |
| Nado AAVE-PERP | +0.0027% | 1h | 144.01 | −0.013% | $837K | $400K | 10x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −4.908% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 143.97 | −0.043% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0072% | 8h | 144.06 | +0.022% | $18K | $10K | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 143.97 | −0.037% | $13K | $4K | 20x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 144.04 | +0.007% | $1.2M | $1.2M | 50x | as long as short |
dYdX AAVE-USD
Deribit AAVE_USDC-PERPETUAL
gTrade (Gains Network) AAVE/USD
Nado AAVE-PERP
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
Paradex AAVE-USD-PERP
Aster AAVEUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica AAVE | +0.0100% | 1h | 144.03 | −0.001% | $328K | $448K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 144.01 | −0.013% | $64.7M | $191.7M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 144.01 | −0.013% | $62.0M | $68.2M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 143.99 | −0.027% | $17.3M | $65.6M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 144.10 | +0.049% | $64K | $198K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 143.85 | −0.125% | $58K | −$0 | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 143.97 | −0.041% | $8.0M | $16.3M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 143.98 | −0.034% | $25.1M | $24.2M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 144.04 | +0.008% | $10.4M | $9.5M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 144.01 | −0.013% | $29.4M | $18.4M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 143.99 | −0.027% | — | $6.5M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 143.81 | −0.152% | $3.7M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 143.85 | −0.126% | $107K | $281K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 143.92 | −0.076% | $455K | $3.9M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 143.89 | −0.096% | $134K | $221K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 144.08 | +0.036% | $143K | $469K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 144.03 | −0.003% | $1K | $1.3M | 20x | as long as short |
| SoDEX AAVE-USD | +0.0100% | 1h | 144.03 | +0.001% | $5K | $314K | 10x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 144.10 | +0.047% | $684K | $5.2M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 143.99 | −0.027% | $4.0M | $3.6M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 143.93 | −0.068% | $915K | $1.7M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 144.06 | +0.022% | $122K | $146 | 10x | as long as short |
| Phoenix AAVE | +0.0118% | 1h | 144.18 | +0.105% | $4K | $106K | 10x | as long as short |
| 01 Exchange AAVEUSD | +0.0120% | 1h | 144.06 | +0.022% | $11K | $2K | 5x | as long as short |
| Hyperliquid AAVE | +0.0150% | 1h | 144.17 | +0.098% | $78.8M | $37.2M | 10x | as long as short |
| Backpack AAVE_USDC_PERP | +0.0173% | 1h | 144.10 | +0.049% | $342K | $727K | 10x | as long as short |
| RISEx AAVE/USDC | +0.0207% | 1h | 144.06 | +0.025% | $200K | $262K | 10x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 144.05 | +0.015% | $3.3M | $3.6M | 100x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0235% | 1h | 144.10 | +0.049% | $3.4M | $2.1M | 50x | as long as short |
| Lighter AAVE | +0.0248% | 1h | 144.21 | +0.126% | $4.6M | $2.5M | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC]long | L +0.0252% / S −0.0362% | 1h | 144.03 | long leg | $113K | — | 100x | |
| Coinbase International AAVE-PERP-INTX | +0.0376% | 1h | 144.12 | +0.063% | $771K | $2.9M | 50x | as long as short |
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-USDC
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
Phoenix AAVE
01 Exchange AAVEUSD
Hyperliquid AAVE
Backpack AAVE_USDC_PERP
RISEx AAVE/USDC
BloFin AAVE-USDT
Kraken Futures PF_AAVEUSD
Lighter AAVE
Coinbase International AAVE-PERP-INTX