Funding you earn now, next payment 01:00 UTC−0.0133%/8h= −14.6% APRnext payment −$0.17 per $10,000 · paid last 24h −0.012%
Price spread now: Nado against GMX+0.027%7-day average −0.081% · 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)+0.139%+$14 on $10k
+Price spread, last 3 days (all we have)−0.157%−$16 · spread now +0.027%, 7d avg −0.081%
=Together, before fees−0.018%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.108% dearer against GMX than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.081%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.7 days. Mind the row above: over the last 3 days funding on this pair paid +0.139%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX AAVE/USD [AAVE-USDC] | 146.14 | L +0.0233% / S −0.0363% | pay 0.0029% / 1h | 29m 20s | $128K | — | 100x |
| Short | Nado AAVE-PERP | 146.18 | 0.0100 | get 0.0012% / 1h | 29m 20s | $799K | $424K | 10x |
GMX AAVE/USD [AAVE-USDC]
Nado AAVE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- −$27.96
- Price spread: +0.027% → −0.081%
- $10.79
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$36.17
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Nado: live order book, 44 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 Nado live order book, 44 min ago | 1.37 bp | 8.3 bp −$8 | 14.8 bp −$148 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AAVEUSD | −0.0184% | 1h | 146.23 | +0.064% | $3.5M | $2.1M | 50x | as long as short |
| 01 Exchange AAVEUSD | −0.0152% | 1h | 146.18 | +0.027% | $11K | $2K | 5x | as long as short |
| Phemex AAVEUSDT | −0.0128% | 8h | 146.16 | +0.013% | $4.2M | $3.8M | 50x | as long as short |
| SoDEX AAVE-USD | −0.0108% | 1h | 146.14 | 0.000% | $5K | $305K | 10x | as long as short |
| Deribit AAVE_USDC-PERPETUAL | −0.0092% | 1h | 146.16 | +0.013% | $255K | $369K | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 146.35 | +0.142% | $104K | $4K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 146.23 | +0.061% | $78K | $1.5M | 3.4x | as long as short |
| Phoenix AAVE | 0.0000% | 1h | 146.31 | +0.116% | $5K | $102K | 10x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 146.19 | +0.034% | $71K | — | 150x | as long as short |
| MEXC AAVE_USDT | +0.0019% | 8h | 146.23 | +0.061% | $29.1M | $25.8M | 200x | as long as short |
Kraken Futures PF_AAVEUSD
01 Exchange AAVEUSD
Phemex AAVEUSDT
SoDEX AAVE-USD
Deribit AAVE_USDC-PERPETUAL
dYdX AAVE-USD
Kalshi KXAAVEPERP
Phoenix AAVE
gTrade (Gains Network) AAVE/USD
MEXC AAVE_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AAVEUSDT | +0.0019% | 8h | 146.18 | +0.027% | $66.2M | $184.0M | 75x | as long as short |
| Gate AAVE_USDT | +0.0020% | 8h | 146.18 | +0.027% | $7.9M | $15.2M | 75x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −6.282% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 146.11 | −0.019% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0047% | 8h | 146.12 | −0.014% | $18K | $10K | 10x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0062% | 8h | 146.20 | +0.041% | $17.9M | $66.6M | 50x | as long as short |
| Bybit AAVEUSDT | +0.0069% | 8h | 146.17 | +0.020% | $62.6M | $65.0M | 75x | as long as short |
| BloFin AAVE-USDT | +0.0077% | 8h | 146.14 | 0.000% | $3.5M | $3.5M | 100x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0087% | 8h | 146.23 | +0.058% | $460K | $3.8M | 10x | as long as short |
| Aevo AAVE-PERP | +0.0088% | 1h | 146.16 | +0.011% | $123K | $146 | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0092% | 1h | 146.26 | +0.082% | $136K | $231K | 50x | as long as short |
| Lighter AAVE | +0.0096% | 1h | 146.39 | +0.169% | $4.7M | $1.5M | 10x | as long as short |
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 146.24 | +0.065% | $14K | $4K | 20x | as long as short |
| Nado AAVE-PERPshort | +0.0100% | 1h | 146.18 | +0.027% | $799K | $424K | 10x | |
| Hyperliquid AAVE | +0.0100% | 1h | 146.28 | +0.093% | $79.8M | $35.3M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 146.19 | +0.035% | $1.4M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 146.25 | +0.075% | $334K | $502K | 10x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 146.22 | +0.055% | $46K | $278K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 145.72 | −0.288% | $61K | −$0 | 10x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 146.17 | +0.020% | $10.1M | $8.8M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 146.13 | −0.007% | $30.3M | $17.9M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 146.14 | 0.000% | — | $6.5M | — | as long as short |
| Backpack AAVE_USDC_PERP | +0.0100% | 1h | 146.39 | +0.171% | $334K | $738K | 10x | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 146.16 | +0.015% | $3.8M | $1.3M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 146.15 | +0.007% | $105K | $319K | 20x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 146.24 | +0.068% | $128K | $426K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 146.06 | −0.052% | $1K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 146.36 | +0.150% | $712K | $5.2M | 75x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 146.10 | −0.025% | $933K | $1.7M | 50x | as long as short |
| RISEx AAVE/USDC | +0.0107% | 1h | 146.24 | +0.069% | $185K | $246K | 10x | as long as short |
| GMX AAVE/USD [AAVE-USDC]long | L +0.0233% / S −0.0363% | 1h | 146.14 | long leg | $128K | — | 100x | |
| Coinbase International AAVE-PERP-INTX | +0.0296% | 1h | 146.42 | +0.191% | $786K | $2.9M | 50x | as long as short |
Binance AAVEUSDT
Gate AAVE_USDT
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
OKX AAVE-USDT-SWAP
Bybit AAVEUSDT
BloFin AAVE-USDT
GRVT AAVE_USDT_Perp
Aevo AAVE-PERP
ApeX Omni AAVEUSDT
Lighter AAVE
Paradex AAVE-USD-PERP
Hyperliquid AAVE
Aster AAVEUSDT
Pacifica AAVE
Arcus AAVE-USD
Bulk AAVE-USD
KuCoin AAVEUSDTM
Bitget AAVEUSDT
BingX AAVE-USDC
Backpack AAVE_USDC_PERP
Variational Omni AAVE
edgeX AAVEUSDC
Polymarket Perps AAVE-USD
SunX AAVE-USDT
HTX AAVE-USDT
Extended AAVE-USD
RISEx AAVE/USDC
Coinbase International AAVE-PERP-INTX