AAVE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0111%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h +0.089%

Price spread now: GMX against Kraken Futures−0.013%7-day average +0.008% · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.013%, 7d avg +0.008%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.021% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.008%). If the spread goes back, that is −$2 on $10k: about 15 hours of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.005% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AAVEUSD	141.46	0.0249	pay 0.0031% / 1h	41m 52s	$3.4M	$2.1M	50x
Short	GMX AAVE/USD [AAVE-USDC]	141.44	L +0.0252% / S −0.0360%	get 0.0045% / 1h	41m 52s	$110K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $23.36
Price spread: −0.013% → +0.008%: −$2.13
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$0.77
Costs to cover: 0.220%
Break-even: 7.2 days

Slippage unknown: Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago	3.53 bp	13.5 bp −$14	21.7 bp −$217	doesn't fit	doesn't fit
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
Deribit AAVE_USDC-PERPETUAL	−0.0033%	1h	141.39	−0.048%	$213K	$392K	50x	as long as short
dYdX AAVE-USD	0.0000%	1h	141.48	+0.013%	$102K	$5K	10x	as long as short
Kalshi KXAAVEPERP	0.0000%	8h	141.44	−0.013%	$52K	$1.4M	3.4x	as long as short
gTrade (Gains Network) AAVE/USD	L +0.0005% / S −0.0004%	1h	141.42	−0.025%	$79K	—	150x	as long as short
Injective AAVE/USDC PERP	+0.0033%	1h	136.96	−3.180%	$422	$51K	12x	as long as short
Reya AAVERUSDPERP	+0.0044%	1h	141.42	−0.027%	—	—	20x	as long as short
Orderly PERP_AAVE_USDC	+0.0087%	8h	141.37	−0.062%	$17K	$8K	10x	as long as short
01 Exchange AAVEUSD	+0.0096%	1h	141.52	+0.044%	$10K	$2K	5x	as long as short
Phoenix AAVE	+0.0096%	1h	141.66	+0.143%	$4K	$99K	10x	as long as short
Paradex AAVE-USD-PERP	+0.0100%	8h	141.34	−0.083%	$13K	$4K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AAVE-PERP	+0.0100%	1h	141.37	−0.060%	$827K	$400K	10x	as long as short
Hyperliquid AAVE	+0.0100%	1h	141.44	−0.013%	$77.2M	$37.1M	10x	as long as short
Aster AAVEUSDT	+0.0100%	8h	141.40	−0.041%	$1.2M	$1.2M	50x	as long as short
Pacifica AAVE	+0.0100%	1h	141.41	−0.037%	$329K	$391K	10x	as long as short
Binance AAVEUSDT	+0.0100%	8h	141.31	−0.102%	$63.5M	$191.9M	75x	as long as short
Bybit AAVEUSDT	+0.0100%	8h	141.28	−0.126%	$60.9M	$69.2M	75x	as long as short
OKX AAVE-USDT-SWAP	+0.0100%	8h	141.28	−0.126%	$16.6M	$64.9M	50x	as long as short
Arcus AAVE-USD	+0.0100%	1h	141.57	+0.079%	$94K	$224K	10x	as long as short
Bulk AAVE-USD	+0.0100%	1h	141.50	+0.027%	$163K	$106K	10x	as long as short
Gate AAVE_USDT	+0.0100%	8h	141.34	−0.083%	$8.1M	$15.9M	75x	as long as short
MEXC AAVE_USDT	+0.0100%	8h	141.32	−0.098%	$22.8M	$24.1M	200x	as long as short
KuCoin AAVEUSDTM	+0.0100%	8h	141.35	−0.076%	$10.2M	$9.6M	75x	as long as short
Bitget AAVEUSDT	+0.0100%	8h	141.27	−0.133%	$28.7M	$18.0M	75x	as long as short
BingX AAVE-USDC	+0.0100%	8h	141.32	−0.098%	—	$6.5M	—	as long as short
Variational Omni AAVE	+0.0100%	8h	141.51	+0.038%	$3.7M	$1.2M	—	as long as short
edgeX AAVEUSDC	+0.0100%	4h	141.51	+0.036%	$109K	$284K	20x	as long as short
GRVT AAVE_USDT_Perp	+0.0100%	8h	141.58	+0.086%	$452K	$3.5M	10x	as long as short
ApeX Omni AAVEUSDT	+0.0100%	1h	141.60	+0.100%	$132K	$220K	50x	as long as short
Polymarket Perps AAVE-USD	+0.0100%	1h	141.52	+0.044%	$134K	$474K	10x	as long as short
SunX AAVE-USDT	+0.0100%	8h	141.45	−0.003%	$2K	$1.3M	20x	as long as short
SoDEX AAVE-USD	+0.0100%	1h	141.37	−0.062%	$5K	$299K	10x	as long as short
HTX AAVE-USDT	+0.0100%	8h	141.55	+0.068%	$666K	$5.3M	75x	as long as short
Phemex AAVEUSDT	+0.0100%	8h	141.41	−0.034%	$3.9M	$3.6M	50x	as long as short
Extended AAVE-USD	+0.0104%	1h	141.27	−0.134%	$909K	$1.8M	50x	as long as short
Aevo AAVE-PERP	+0.0104%	1h	141.41	−0.030%	$119K	$146	10x	as long as short
Lighter AAVE	+0.0184%	1h	141.53	+0.054%	$4.5M	$2.5M	10x	as long as short
Backpack AAVE_USDC_PERP	+0.0193%	1h	141.44	−0.013%	$385K	$732K	10x	as long as short
Coinbase International AAVE-PERP-INTX	+0.0216%	1h	141.83	+0.263%	$755K	$2.8M	50x	as long as short
BloFin AAVE-USDT	+0.0220%	8h	141.37	−0.062%	$3.2M	$3.5M	100x	as long as short
RISEx AAVE/USDC	+0.0223%	1h	141.51	+0.037%	$172K	$298K	10x	as long as short
Kraken Futures PF_AAVEUSDlong	+0.0249%	1h	141.46	long leg	$3.4M	$2.1M	50x
GMX AAVE/USD [AAVE-USDC]short	L +0.0252% / S −0.0360%	1h	141.44	−0.013%	$110K	—	100x