AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0315%/8h= +34.5% APRnext payment +$0.39 per $10,000 · paid last 24h +0.188%

Price spread now: GMX against Deribit−0.005%7-day average +0.077% · you buy dearer than you sell

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.633%+$63 on $10k

Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.005%, 7d avg +0.077%

Together, before fees+0.721%+$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.081% cheaper against Deribit than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.077%). If the spread goes back, that is −$8 on $10k: about 21 hours of funding at the current rate (+$9 a day). At the pace of the last 3 days (+0.633% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.114	−0.0020	get 0.0002% / 1h	24m 48s	$5.2M	$8.3M	25x
Short	GMX AVAX/USD [AVAX-USDC]	11.113	L +0.0436% / S −0.0295%	get 0.0037% / 1h	24m 48s	$236K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $66.09
Price spread: −0.005% → +0.077%: −$8.13
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $38.96
Costs to cover: 0.190%
Break-even: 2.9 days

Slippage unknown: Deribit: 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 Deribit live order book, 4 min ago	0.90 bp	5.2 bp −$5	21.8 bp −$218	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 35 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	11.080	−0.306%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0043%	1h	11.101	−0.121%	$286K	$508K	10x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0020%	1h	11.114	long leg	$5.2M	$8.3M	25x
dYdX AVAX-USD	0.0000%	1h	11.114	−0.004%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.115	+0.011%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0045%	8h	11.111	−0.027%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.114	0.000%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.108	−0.054%	$15K	$594K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.111	−0.031%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.111	−0.031%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.116	+0.016%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.114	+0.002%	$118.5M	$459.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.110	−0.036%	$88.6M	$143.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.105	−0.081%	$20.0M	$123.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.107	−0.063%	$48.8M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.118	+0.036%	$15.6M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.109	−0.045%	$33.4M	$51.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.113	−0.009%	—	$83.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.115	+0.009%	$355K	$535K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.122	+0.069%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.120	+0.058%	$355K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.110	−0.036%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.112	−0.018%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.120	+0.054%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.137	+0.211%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.115	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.084	−0.269%	$360K	$938K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.118	+0.036%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.110	−0.036%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.111	−0.027%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.108	−0.056%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.120	+0.054%	$4.3M	$11.9M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.112	−0.018%	$903K	$5.9M	50x	as long as short
Hyperliquid AVAX	+0.0400%	1h	11.129	+0.135%	$43.2M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0436% / S −0.0295%	1h	11.113	−0.005%	$236K	—	120x