Settings8H · net · $10k
Funding arb · Price arb /

AAVE

all AAVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0338%/8h= +37.0% APRnext payment +$0.42 per $10,000 · paid last 24h 0.000%
Price spread now: GMX against Pacifica+0.006%7-day average +0.035% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.179%−$18 on $10k
Price spread, last 3 days (all we have)+0.228%+$23 · spread now +0.006%, 7d avg +0.035%
Together, before fees+0.049%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.030% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.035%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$10 a day). Mind the row above: over the last 3 days funding on this pair cost −0.179%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica AAVE144.380.0100pay 0.0013% / 1h21m 09s$329K$505K10x
ShortGMX AAVE/USD [AAVE-USDC]144.39L +0.0266% / S −0.0438%get 0.0055% / 1h21m 09s$124K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Pacifica. 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

Funding earned
$70.89
Price spread: +0.006% → +0.035%
−$2.98
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$47.91
Costs to cover
0.200%
Break-even
2.3 days
Slippage unknown: Pacifica: 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 2 min ago3.46 bp8.7 bp −$9doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit AAVE_USDC-PERPETUAL−0.0373%1h144.34−0.030%$248K$483K50xas long as short
SoDEX AAVE-USD−0.0197%1h144.30−0.058%$5K$299K10xas long as short
01 Exchange AAVEUSD−0.0136%1h144.30−0.058%$11K$2K5xas long as short
Phoenix AAVE−0.0044%1h144.53+0.101%$5K$101K10xas long as short
dYdX AAVE-USD0.0000%1h144.47+0.060%$103K$5K10xas long as short
Kalshi KXAAVEPERP0.0000%8h144.25−0.093%$71K$1.5M3.4xas long as short
gTrade (Gains Network) AAVE/USDL +0.0005% / S −0.0004%1h144.40+0.010%$70K150xas long as short
Kraken Futures PF_AAVEUSD+0.0012%1h144.44+0.038%$3.4M$2.1M50xas long as short
Injective AAVE/USDC PERP+0.0033%1h136.96−5.142%$422$51K12xas long as short
Reya AAVERUSDPERP+0.0044%1h144.16−0.153%20xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX AAVE-USDT-SWAP+0.0049%8h144.30−0.058%$17.4M$66.0M50xas long as short
ApeX Omni AAVEUSDT+0.0050%1h144.35−0.024%$134K$229K50xas long as short
Orderly PERP_AAVE_USDC+0.0051%8h144.30−0.058%$18K$12K10xas long as short
Gate AAVE_USDT+0.0052%8h144.31−0.051%$7.7M$15.9M75xas long as short
Binance AAVEUSDT+0.0053%8h144.28−0.072%$65.7M$184.5M75xas long as short
MEXC AAVE_USDT+0.0054%8h144.29−0.065%$31.4M$26.3M200xas long as short
GRVT AAVE_USDT_Perp+0.0088%8h144.39+0.003%$460K$3.9M10xas long as short
Nado AAVE-PERP+0.0092%1h144.35−0.022%$801K$436K10xas long as short
Lighter AAVE+0.0096%1h144.51+0.089%$4.6M$1.6M10xas long as short
Aevo AAVE-PERP+0.0096%1h144.33−0.037%$122K$14610xas long as short
RISEx AAVE/USDC+0.0097%1h144.35−0.021%$180K$243K10xas long as short
Paradex AAVE-USD-PERP+0.0100%8h144.33−0.037%$14K$4K20xas long as short
Hyperliquid AAVE+0.0100%1h144.46+0.053%$80.3M$33.1M10xas long as short
Aster AAVEUSDT+0.0100%8h144.27−0.081%$1.3M$1.2M50xas long as short
Pacifica AAVElong+0.0100%1h144.38long leg$329K$505K10x
Bybit AAVEUSDT+0.0100%8h144.34−0.030%$61.4M$65.5M75xas long as short
Arcus AAVE-USD+0.0100%1h144.31−0.051%$50K$273K10xas long as short
KuCoin AAVEUSDTM+0.0100%8h144.36−0.017%$10.3M$8.6M75xas long as short
Bitget AAVEUSDT+0.0100%8h144.29−0.065%$30.1M$18.2M75xas long as short
BingX AAVE-USDT+0.0100%8h144.29−0.065%$43.9Mas long as short
Backpack AAVE_USDC_PERP+0.0100%1h144.44+0.039%$377K$704K10xas long as short
Variational Omni AAVE+0.0100%8h144.87+0.337%$3.8M$1.3Mas long as short
edgeX AAVEUSDC+0.0100%4h144.40+0.013%$101K$313K20xas long as short
Polymarket Perps AAVE-USD+0.0100%1h144.37−0.010%$126K$468K10xas long as short
SunX AAVE-USDT+0.0100%8h144.16−0.159%$1K$1.3M20xas long as short
HTX AAVE-USDT+0.0100%8h144.47+0.059%$719K$4.9M75xas long as short
Phemex AAVEUSDT+0.0100%8h144.32−0.044%$4.1M$3.8M50xas long as short
Bulk AAVE-USD+0.0100%1h144.33−0.034%$61K$3K10xas long as short
Extended AAVE-USD+0.0104%1h144.28−0.072%$929K$1.8M50xas long as short
BloFin AAVE-USDT+0.0173%8h144.37−0.010%$3.5M$5.3M100xas long as short
Coinbase International AAVE-PERP-INTX+0.0248%1h144.36−0.017%$777K$3.0M50xas long as short
GMX AAVE/USD [AAVE-USDC]shortL +0.0266% / S −0.0438%1h144.39+0.006%$124K100x