Funding you earn now, next payment 09:00 UTC+0.0194%/8h= +21.2% APRnext payment +$0.24 per $10,000 · paid last 24h +0.043%
Price spread now: GMX against ApeX Omni+0.465%68s7-day average +0.021% · 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)+0.171%+$17 on $10k
+Price spread, last 4 days (all we have)−0.439%−$44 · spread now +0.465%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GMX is 0.444% dearer against ApeX Omni than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of +0.021%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni AVAXUSDT | 10.722 | 0.0100 | pay 0.0013% / 1h | 53m 58s | $173K | $662K | 50x |
| Short | GMX AVAX/USD [AVAX-USDC] | 10.772 | L +0.0443% / S −0.0294% | get 0.0037% / 1h | 53m 58s | $227K | — | 120x |
ApeX Omni AVAXUSDT
GMX AVAX/USD [AVAX-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against ApeX Omni. 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
- $40.74
- Price spread: +0.465% → +0.021%
- $44.41
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $63.15
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: ApeX Omni: live order book, 44 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 ApeX Omni live order book, 44 min ago | 6.56 bp | 15.7 bp −$16 | 75.1 bp −$751 | 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.
AVAX on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado AVAX-PERP | −0.0323% | 1h | 10.771 | +0.457% | $291K | $324K | 10x | as long as short |
| Kraken Futures PF_AVAXUSD | −0.0266% | 1h | 10.765 | +0.404% | $3.8M | $11.6M | 50x | as long as short |
| Variational Omni AVAX | −0.0075% | 8h | 10.715 | −0.068% | $2.9M | $2.1M | — | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.739 | +0.160% | $92K | $111K | 10x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | 0.0000% | 1h | 10.766 | +0.410% | $4.9M | $6.8M | 25x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.761 | +0.364% | $12K | — | 150x | as long as short |
| Gate AVAX_USDT | +0.0011% | 8h | 10.764 | +0.392% | $13.4M | $28.5M | 75x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0032% | 8h | 10.719 | −0.028% | $345K | $1.2M | 10x | as long as short |
| Injective AVAX/USDC PERP | +0.0033% | 1h | 10.760 | +0.354% | $17K | $151K | 12x | as long as short |
| Phemex AVAXUSDT | +0.0076% | 8h | 10.764 | +0.392% | $28.7M | $5.7M | 50x | as long as short |
Nado AVAX-PERP
Kraken Futures PF_AVAXUSD
Variational Omni AVAX
dYdX AVAX-USD
Deribit AVAX_USDC-PERPETUAL
gTrade (Gains Network) AVAX/USD
Gate AVAX_USDT
GRVT AVAX_USDT_Perp
Injective AVAX/USDC PERP
Phemex AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX AVAX-USD | +0.0092% | 1h | 10.763 | +0.382% | $18K | $68K | 10x | as long as short |
| Paradex AVAX-USD-PERP | +0.0093% | 8h | 10.768 | +0.430% | $12K | $212 | 20x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 10.762 | +0.373% | $1.2M | $2.0M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 10.773 | +0.476% | $25K | $465K | 50x | as long as short |
| Hyperliquid AVAX | +0.0100% | 1h | 10.769 | +0.438% | $37.0M | $40.0M | 10x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.761 | +0.362% | $2.2M | $1.1M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.741 | +0.179% | $270K | $128K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 10.760 | +0.354% | $113.9M | $400.4M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 10.765 | +0.401% | $84.2M | $139.8M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.767 | +0.420% | $18.9M | $107.1M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.765 | +0.401% | $52.9M | $78.8M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.765 | +0.401% | $13.9M | $21.5M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.768 | +0.429% | $32.8M | $45.8M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 10.764 | +0.392% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.765 | +0.401% | $438K | $532K | 15x | as long as short |
| ApeX Omni AVAXUSDTlong | +0.0100% | 1h | 10.722 | long leg | $173K | $662K | 50x | |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 10.776 | +0.504% | $135K | $287K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.773 | +0.476% | $233K | $254K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 10.797 | +0.702% | $12K | $769K | 20x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.762 | +0.378% | $332K | $873K | 75x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.764 | +0.391% | $601K | $1.4M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.759 | +0.350% | $247K | — | 3x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0200% | 1h | 10.774 | +0.485% | $841K | $5.1M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.724 | +0.019% | $4.7M | $5.4M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0245% | 1h | 10.770 | +0.446% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC]short | L +0.0443% / S −0.0294% | 1h | 10.772 | +0.465% | $227K | — | 120x |
SoDEX AVAX-USD
Paradex AVAX-USD-PERP
Lighter AVAX
Popdex AVAXUSDT
Hyperliquid AVAX
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
HTX AVAX-USDT
Extended AVAX-USD
Aevo AVAX-PERP
Coinbase International AVAX-PERP-INTX
BloFin AVAX-USDT
Reya AVAXRUSDPERP