AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0098%/8h= +10.8% APRnext payment +$0.12 per $10,000 · paid last 24h +0.007%

Price spread now: Backpack against gTrade (Gains Network)−0.069%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Backpack

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

Funding pays, the price is against you. Backpack is 0.069% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.069% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	11.241	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	34m 37s	$13K	—	150x
Short	Backpack AVAX_USDC_PERP	11.233	0.0100	get 0.0013% / 1h	34m 37s	$333K	$560K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now −0.069%Rate

Funding earned: $20.66
Price spread: −0.069% → 0.000%: −$6.94
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$6.28
Costs to cover: 0.200%
Break-even: 9.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 54 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 54 min ago	1.36 bp	7.9 bp −$8	32.8 bp −$328	doesn't fit	doesn't fit

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
Variational Omni AVAX	−0.0155%	8h	11.233	−0.068%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0113%	1h	11.238	−0.025%	$297K	$956K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.235	−0.052%	$5.3M	$9.4M	25x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.253%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0008%	1h	11.235	−0.054%	$669K	$2.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.235	−0.054%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	11.241	long leg	$13K	—	150x
Gate AVAX_USDT	+0.0051%	8h	11.238	−0.025%	$12.6M	$39.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0055%	8h	11.235	−0.052%	$20.0M	$147.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.248	+0.064%	$913K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0058%	8h	11.231	−0.087%	$30.1M	$4.8M	50x	as long as short
Bybit AVAXUSDT	+0.0073%	8h	11.237	−0.034%	$86.6M	$152.3M	75x	as long as short
MEXC AVAX_USDT	+0.0073%	8h	11.238	−0.025%	$53.5M	$109.1M	200x	as long as short
Binance AVAXUSDT	+0.0075%	8h	11.236	−0.045%	$120.6M	$537.8M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.234	−0.057%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.238	−0.028%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.234	−0.060%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.235	−0.056%	$258K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.236	−0.047%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.239	−0.013%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.240	−0.007%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.238	−0.025%	$34.5M	$61.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.234	−0.060%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERPshort	+0.0100%	1h	11.233	−0.069%	$333K	$560K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.243	+0.021%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.252	+0.100%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.247	+0.055%	$130K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.241	+0.002%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.271	+0.273%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.233	−0.069%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.241	−0.003%	$360K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0193%	8h	11.234	−0.060%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.239	−0.019%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.243	+0.022%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.239	−0.015%	$242K	—	120x	as long as short
Hyperliquid AVAX	+0.0486%	1h	11.259	+0.162%	$43.4M	$58.4M	10x	as long as short