AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0204%/8h= −22.4% APRnext payment −$0.26 per $10,000 · paid last 24h −0.060%

Price spread now: Coinbase International against GMX+0.181%7-day average +0.006% · you sell dearer than you buy

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

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.231%−$23 on $10k

Price spread, last 4 days (all we have)−0.488%−$49 · spread now +0.181%, 7d avg +0.006%

Together, before fees−0.719%−$72 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.175% dearer against GMX than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of +0.006%): +$17 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	11.114	L +0.0436% / S −0.0295%	pay 0.0055% / 1h	38m 11s	$236K	—	120x
Short	Coinbase International AVAX-PERP-INTX	11.134	0.0232	get 0.0029% / 1h	38m 11s	$900K	$5.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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 GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.181%Rate

Funding earned: −$42.93
Price spread: +0.181% → +0.006%: $17.5
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$47.43
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 1 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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 1 min ago	2.70 bp	11.9 bp −$12	16.7 bp −$167	doesn't fit	doesn't fit

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	−0.1374%	1h	11.100	−0.125%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.111	−0.026%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0063%	1h	11.117	+0.028%	$286K	$448K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.119	+0.049%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.114	+0.002%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.113	−0.004%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.113	−0.008%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.112	−0.017%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.117	+0.027%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.114	+0.001%	$2.3M	$1.2M	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	11.122	+0.074%	$290K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.105	−0.078%	$118.6M	$434.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.107	−0.062%	$88.3M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.110	−0.035%	$20.0M	$117.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.115	+0.010%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.108	−0.053%	$47.8M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.115	+0.010%	$15.5M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.102	−0.107%	$33.3M	$48.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.104	−0.089%	—	$81.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.108	−0.053%	$355K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.132	+0.166%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.141	+0.245%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.145	+0.280%	$179K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.116	+0.019%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.119	+0.046%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.144	+0.274%	$12K	$700K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.112	−0.017%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.113	−0.012%	$364K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.110	−0.035%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.110	−0.035%	$671K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.104	−0.089%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.104	−0.089%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0232%	1h	11.134	+0.181%	$900K	$5.5M	50x
Reya AVAXRUSDPERP	+0.0244%	1h	11.109	−0.047%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0436% / S −0.0295%	1h	11.114	long leg	$236K	—	120x
Hyperliquid AVAX	+0.0452%	1h	11.129	+0.136%	$43.3M	$43.0M	10x	as long as short