AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.007%

Price spread now: gTrade (Gains Network) against Backpack+0.098%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.098% dearer against Backpack than usual: you sell high and buy low (spread +0.098% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	11.235	0.0100	pay 0.0013% / 1h	57m 51s	$359K	$568K	15x
Short	gTrade (Gains Network) AVAX/USD	11.246	L +0.0002% / S −0.0003%	get 0.0000% / 1h	57m 51s	$13K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Backpack. 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 BackpackbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.098%Rate

Funding earned: −$20.36
Price spread: +0.098% → 0.000%: $9.79
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$30.57
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 21 min ago; gTrade (Gains Network): 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 Backpack live order book, 21 min ago	0.44 bp	10.1 bp −$10	35.6 bp −$356	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Injective AVAX/USDC PERP	−0.1451%	1h	11.190	−0.401%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0131%	1h	11.254	+0.169%	$297K	$892K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.239	+0.036%	$5.3M	$9.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.257	+0.193%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0003%	1h	11.246	+0.098%	$13K	—	150x
Variational Omni AVAX	+0.0036%	8h	11.226	−0.080%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.231	−0.039%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.247	+0.107%	$18K	$687K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.253	+0.162%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.234	−0.005%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.253	+0.161%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.230	−0.045%	$120.1M	$522.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.230	−0.045%	$89.5M	$157.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.229	−0.053%	$20.2M	$145.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.234	−0.009%	$12.5M	$39.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.231	−0.036%	$51.2M	$92.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.238	+0.027%	$15.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.228	−0.062%	$34.2M	$59.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.230	−0.045%	—	$87.7M	—	as long as short
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	11.235	long leg	$359K	$568K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.229	−0.053%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.224	−0.098%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.250	+0.134%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.253	+0.160%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.271	+0.317%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.240	+0.045%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.242	+0.058%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.244	+0.080%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.229	−0.056%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.278	+0.380%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.239	+0.036%	$5.0M	$7.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.246	+0.097%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.247	+0.103%	$4.6M	$13.4M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.260	+0.223%	$918K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0414% / S −0.0264%	1h	11.245	+0.090%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0710%	1h	11.247	+0.107%	$43.5M	$56.7M	10x	as long as short