AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0567%/8h= −62.1% APRnext payment −$0.71 per $10,000 · paid last 24h −0.218%

Price spread now: Deribit against GMX−0.037%7-day average −0.075% · you buy dearer than you sell

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

Long on GMX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.818%−$82 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.037%, 7d avg −0.075%

Together, before fees−0.899%−$90 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.038% dearer against GMX than usual: you sell high and buy low (spread −0.037% now, against its 7-day average of −0.075%): +$4 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	10.732	L +0.0444% / S −0.0272%	pay 0.0056% / 1h	56m 27s	$234K	—	120x
Short	Deribit AVAX_USDC-PERPETUAL	10.728	−0.0123	pay 0.0015% / 1h	56m 27s	$4.8M	$7.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against GMX. 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 GMXbpFee DeribitbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$119.03
Price spread: −0.037% → −0.075%: $3.83
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$134.21
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Deribit: live order book, 3 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 Deribit live order book, 3 min ago	2.33 bp	8.5 bp −$9	36.8 bp −$368	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	−0.1423%	1h	10.760	+0.262%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.732	−0.003%	$4.1M	$11.1M	50x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0123%	1h	10.728	−0.037%	$4.8M	$7.5M	25x
dYdX AVAX-USD	0.0000%	1h	10.733	+0.013%	$94K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.730	−0.014%	$12K	—	150x	as long as short
Polymarket Perps AVAX-USD	+0.0012%	1h	10.733	+0.010%	$132K	$343K	10x	as long as short
Gate AVAX_USDT	+0.0044%	8h	10.727	−0.046%	$12.1M	$31.3M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0053%	1h	10.731	−0.009%	$376K	$530K	15x	as long as short
Variational Omni AVAX	+0.0067%	8h	10.769	+0.342%	$2.8M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.729	−0.025%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.732	+0.001%	$9K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.732	−0.001%	$12K	$212	20x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.728	−0.032%	$281K	$311K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.742	+0.094%	$40.3M	$40.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.727	−0.046%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.738	+0.053%	$270K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.731	−0.009%	$112.1M	$421.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.725	−0.065%	$79.9M	$141.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.732	+0.001%	$19.3M	$109.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.733	+0.010%	$43.5M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.729	−0.027%	$14.8M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.727	−0.046%	$31.9M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.732	+0.001%	—	$54.7M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.775	+0.401%	$343K	$940K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.767	+0.327%	$173K	$664K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.733	+0.010%	$189K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.756	+0.226%	$12K	$730K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.726	−0.055%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.726	−0.060%	$356K	$780K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.730	−0.018%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.729	−0.030%	$664K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.731	−0.008%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.737	+0.047%	$881K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.729	−0.027%	$4.8M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.728	−0.039%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0444% / S −0.0272%	1h	10.732	long leg	$234K	—	120x