Funding you earn now, next payment 09:00 UTC+0.0263%/8h= +28.8% APRnext payment +$0.33 per $10,000 · paid last 24h +0.108%
Price spread now: GMX against SoDEX+0.191%65s7-day average +0.055% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.191%, 7d avg +0.055%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and GMX is 0.136% dearer against SoDEX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.055%. Mind the row above: over the last 4 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.050% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 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 | SoDEX AAVE-USD | 141.17 | 0.0097 | pay 0.0012% / 1h | 41m 06s | $5K | $299K | 10x |
| Short | GMX AAVE/USD [AAVE-USDC] | 141.44 | L +0.0252% / S −0.0360% | get 0.0045% / 1h | 41m 06s | $110K | — | 100x |
SoDEX AAVE-USD
GMX AAVE/USD [AAVE-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against SoDEX. 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
- $55.21
- Price spread: +0.191% → +0.055%
- $13.56
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $48.77
- Costs to cover
- 0.200%
- Break-even
- 0.8 days
Slippage unknown: SoDEX: live order book, 57 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 SoDEX live order book, 57 min ago | 0.35 bp | 5.0 bp −$5 | 9.4 bp −$94 | 93.9 bp −$9,395 | 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 | −0.0104% | 1h | 141.20 | +0.021% | $213K | $392K | 50x | as long as short |
| dYdX AAVE-USD | 0.0000% | 1h | 141.36 | +0.137% | $102K | $6K | 10x | as long as short |
| Kalshi KXAAVEPERP | 0.0000% | 8h | 141.44 | +0.191% | $52K | $1.4M | 3.4x | as long as short |
| gTrade (Gains Network) AAVE/USD | L +0.0005% / S −0.0004% | 1h | 141.20 | +0.019% | $79K | — | 150x | as long as short |
| Injective AAVE/USDC PERP | +0.0033% | 1h | 136.96 | −2.982% | $422 | $51K | 12x | as long as short |
| Reya AAVERUSDPERP | +0.0044% | 1h | 141.21 | +0.027% | — | — | 20x | as long as short |
| Orderly PERP_AAVE_USDC | +0.0087% | 8h | 141.19 | +0.014% | $17K | $8K | 10x | as long as short |
| 01 Exchange AAVEUSD | +0.0096% | 1h | 141.29 | +0.085% | $10K | $2K | 5x | as long as short |
| Phoenix AAVE | +0.0096% | 1h | 141.54 | +0.262% | $4K | $99K | 10x | as long as short |
| SoDEX AAVE-USDlong | +0.0097% | 1h | 141.17 | long leg | $5K | $299K | 10x |
Deribit AAVE_USDC-PERPETUAL
dYdX AAVE-USD
Kalshi KXAAVEPERP
gTrade (Gains Network) AAVE/USD
Injective AAVE/USDC PERP
Reya AAVERUSDPERP
Orderly PERP_AAVE_USDC
01 Exchange AAVEUSD
Phoenix AAVEShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex AAVE-USD-PERP | +0.0100% | 8h | 141.25 | +0.059% | $13K | $4K | 20x | as long as short |
| Nado AAVE-PERP | +0.0100% | 1h | 141.28 | +0.081% | $826K | $401K | 10x | as long as short |
| Hyperliquid AAVE | +0.0100% | 1h | 141.32 | +0.106% | $77.1M | $37.1M | 10x | as long as short |
| Aster AAVEUSDT | +0.0100% | 8h | 141.28 | +0.079% | $1.2M | $1.2M | 50x | as long as short |
| Pacifica AAVE | +0.0100% | 1h | 141.32 | +0.106% | $329K | $391K | 10x | as long as short |
| Binance AAVEUSDT | +0.0100% | 8h | 141.21 | +0.028% | $63.5M | $191.8M | 75x | as long as short |
| Bybit AAVEUSDT | +0.0100% | 8h | 141.19 | +0.014% | $60.9M | $69.2M | 75x | as long as short |
| OKX AAVE-USDT-SWAP | +0.0100% | 8h | 141.23 | +0.043% | $16.6M | $64.9M | 50x | as long as short |
| Arcus AAVE-USD | +0.0100% | 1h | 141.41 | +0.170% | $94K | $224K | 10x | as long as short |
| Bulk AAVE-USD | +0.0100% | 1h | 141.50 | +0.231% | $163K | $106K | 10x | as long as short |
| Gate AAVE_USDT | +0.0100% | 8h | 141.20 | +0.021% | $8.1M | $15.9M | 75x | as long as short |
| MEXC AAVE_USDT | +0.0100% | 8h | 141.16 | −0.007% | $22.8M | $24.1M | 200x | as long as short |
| KuCoin AAVEUSDTM | +0.0100% | 8h | 141.24 | +0.050% | $10.2M | $9.6M | 75x | as long as short |
| Bitget AAVEUSDT | +0.0100% | 8h | 141.15 | −0.014% | $28.7M | $18.0M | 75x | as long as short |
| BingX AAVE-USDC | +0.0100% | 8h | 141.17 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni AAVE | +0.0100% | 8h | 141.51 | +0.242% | $3.7M | $1.2M | — | as long as short |
| edgeX AAVEUSDC | +0.0100% | 4h | 141.51 | +0.240% | $109K | $284K | 20x | as long as short |
| GRVT AAVE_USDT_Perp | +0.0100% | 8h | 141.42 | +0.177% | $452K | $3.5M | 10x | as long as short |
| ApeX Omni AAVEUSDT | +0.0100% | 1h | 141.60 | +0.305% | $132K | $220K | 50x | as long as short |
| Polymarket Perps AAVE-USD | +0.0100% | 1h | 141.31 | +0.099% | $134K | $474K | 10x | as long as short |
| SunX AAVE-USDT | +0.0100% | 8h | 141.22 | +0.038% | $2K | $1.3M | 20x | as long as short |
| HTX AAVE-USDT | +0.0100% | 8h | 141.37 | +0.140% | $666K | $5.3M | 75x | as long as short |
| Phemex AAVEUSDT | +0.0100% | 8h | 141.24 | +0.050% | $3.9M | $3.6M | 50x | as long as short |
| Extended AAVE-USD | +0.0104% | 1h | 141.13 | −0.026% | $909K | $1.8M | 50x | as long as short |
| Aevo AAVE-PERP | +0.0104% | 1h | 141.23 | +0.039% | $119K | $146 | 10x | as long as short |
| Backpack AAVE_USDC_PERP | +0.0182% | 1h | 141.31 | +0.099% | $384K | $732K | 10x | as long as short |
| Lighter AAVE | +0.0184% | 1h | 141.40 | +0.162% | $4.5M | $2.5M | 10x | as long as short |
| Coinbase International AAVE-PERP-INTX | +0.0216% | 1h | 141.26 | +0.064% | $753K | $2.7M | 50x | as long as short |
| BloFin AAVE-USDT | +0.0220% | 8h | 141.19 | +0.014% | $3.2M | $3.5M | 100x | as long as short |
| RISEx AAVE/USDC | +0.0223% | 1h | 141.31 | +0.098% | $172K | $298K | 10x | as long as short |
| Kraken Futures PF_AAVEUSD | +0.0249% | 1h | 141.27 | +0.070% | $3.4M | $2.1M | 50x | as long as short |
| GMX AAVE/USD [AAVE-USDC]short | L +0.0252% / S −0.0360% | 1h | 141.44 | +0.191% | $110K | — | 100x |
Paradex AAVE-USD-PERP
Nado AAVE-PERP
Hyperliquid AAVE
Aster AAVEUSDT
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
HTX AAVE-USDT
Phemex AAVEUSDT
Extended AAVE-USD
Aevo AAVE-PERP
Backpack AAVE_USDC_PERP
Lighter AAVE
Coinbase International AAVE-PERP-INTX
BloFin AAVE-USDT
RISEx AAVE/USDC
Kraken Futures PF_AAVEUSD