AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0195%/8h= +21.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.060%

Price spread now: GMX against Backpack+0.032%7-day average +0.032% · you sell dearer than you buy

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

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.213%+$21 on $10k

Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.032%, 7d avg +0.032%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	11.128	0.0100	pay 0.0013% / 1h	52m 35s	$329K	$521K	15x
Short	GMX AVAX/USD [AVAX-USDC]	11.132	L +0.0436% / S −0.0295%	get 0.0037% / 1h	52m 35s	$236K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $40.92
Price spread: +0.032% → +0.032%: $0.03
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $18.95
Costs to cover: 0.220%
Break-even: 3.8 days

Slippage unknown: Backpack: live order book, 6 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 Backpack live order book, 6 min ago	1.80 bp	10.6 bp −$11	55.5 bp −$555	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
Injective AVAX/USDC PERP	−0.1423%	1h	11.090	−0.341%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.129	+0.009%	$5.2M	$7.9M	25x	as long as short
ApeX Omni AVAXUSDT	−0.0082%	1h	11.122	−0.054%	$179K	$673K	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.118	−0.090%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.132	+0.037%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0007%	1h	11.103	−0.220%	$286K	$395K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.115	−0.120%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.109	−0.171%	$16K	$583K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.113	−0.135%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.125	−0.028%	$2.3M	$1.1M	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	11.119	−0.082%	$290K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.112	−0.144%	$118.3M	$427.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.110	−0.162%	$88.4M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.110	−0.162%	$20.3M	$116.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.126	−0.018%	$12.1M	$33.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.116	−0.108%	$48.4M	$77.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.126	−0.018%	$15.8M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.106	−0.198%	$33.3M	$48.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.107	−0.189%	—	$80.3M	—	as long as short
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	11.128	long leg	$329K	$521K	15x
Variational Omni AVAX	+0.0100%	8h	11.148	+0.177%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	−0.094%	$355K	$835K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.112	−0.144%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.139	+0.099%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.157	+0.264%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.131	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.133	+0.040%	$366K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.134	+0.054%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.105	−0.211%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.128	0.000%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.134	+0.055%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.125	−0.027%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.140	+0.108%	$893K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.108	−0.178%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0436% / S −0.0295%	1h	11.132	+0.032%	$236K	—	120x
Hyperliquid AVAX	+0.0733%	1h	11.140	+0.108%	$43.4M	$42.2M	10x	as long as short