AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.017%

Price spread now: GMX against Coinbase International−0.059%7-day average −0.016% · you buy dearer than you sell

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.059%, 7d avg −0.016%

Together, before fees+0.160%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.044% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.016%). If the spread goes back, that is −$4 on $10k: about 2.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	10.723	0.0224	pay 0.0028% / 1h	59m 33s	$851K	$4.7M	50x
Short	GMX AVAX/USD [AVAX-USDC]	10.717	L +0.0443% / S −0.0294%	get 0.0037% / 1h	59m 33s	$226K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $14.7
Price spread: −0.059% → −0.016%: −$4.38
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$11.67
Costs to cover: 0.220%
Break-even: 12.6 days

Slippage unknown: Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	3.27 bp	13.1 bp −$13	18.4 bp −$184	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
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.719	−0.035%	$3.8M	$11.5M	50x	as long as short
Variational Omni AVAX	−0.0078%	8h	10.706	−0.158%	$2.9M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.733	+0.091%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.720	−0.028%	$4.8M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.723	0.000%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0007%	8h	10.727	+0.037%	$13.3M	$28.3M	75x	as long as short
Popdex AVAXUSDT	+0.0024%	1h	10.718	−0.047%	$25K	$465K	50x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.345%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.724	+0.010%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.723	+0.005%	$1.2M	$2.0M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AVAX-PERP	+0.0100%	1h	10.722	−0.005%	$290K	$326K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.730	+0.065%	$36.8M	$40.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.720	−0.028%	$2.2M	$888K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.730	+0.062%	$270K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.718	−0.043%	$113.4M	$402.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.717	−0.056%	$81.9M	$138.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.720	−0.028%	$18.8M	$106.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.721	−0.019%	$53.1M	$78.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.722	−0.009%	$13.8M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.723	0.000%	$32.7M	$45.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.723	0.000%	—	$53.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.727	+0.037%	$437K	$545K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.708	−0.136%	$336K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.713	−0.093%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.724	+0.009%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.724	+0.009%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.743	+0.190%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.716	−0.065%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.716	−0.061%	$326K	$857K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.717	−0.056%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.717	−0.051%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.711	−0.111%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.712	−0.103%	$4.7M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0224%	1h	10.723	long leg	$851K	$4.7M	50x
Reya AVAXRUSDPERP	+0.0245%	1h	10.711	−0.111%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0443% / S −0.0294%	1h	10.717	−0.059%	$226K	—	120x