AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0332%/8h= −36.4% APRnext payment −$0.42 per $10,000 · paid last 24h −0.125%

Price spread now: Extended against GMX−0.049%7-day average −0.117% · you buy dearer than you sell

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

Long on GMX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.387%−$39 on $10k

Price spread, last 3 days (all we have)+0.025%+$2 · spread now −0.049%, 7d avg −0.117%

Together, before fees−0.363%+ Points / potential airdropExtended: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.067% dearer against GMX than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.117%): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	11.218	L +0.0436% / S −0.0298%	pay 0.0055% / 1h	11m 41s	$237K	—	120x
Short	Extended AVAX-USD	11.212	0.0104	get 0.0013% / 1h	11m 41s	$671K	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$69.81
Price spread: −0.049% → −0.117%: $6.74
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$80.07
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Extended: live order book, 2 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 Extended live order book, 2 min ago	1.34 bp	5.5 bp −$5	7.3 bp −$73	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	−0.1363%	1h	11.140	−0.692%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0060%	1h	11.218	+0.008%	$294K	$728K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.215	−0.024%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.216	−0.014%	$5.3M	$8.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.216	−0.010%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.221	+0.027%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.211	−0.059%	$15K	$610K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.221	+0.034%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.219	+0.010%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.223	+0.047%	$298K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.219	+0.015%	$119.7M	$476.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.220	+0.022%	$89.2M	$147.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.219	+0.013%	$20.0M	$130.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.215	−0.023%	$12.2M	$38.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.219	+0.013%	$51.0M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.217	−0.005%	$15.5M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.218	+0.004%	$34.1M	$53.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.218	+0.004%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.215	−0.023%	$359K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.355%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.187	−0.271%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.190	−0.246%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.216	−0.014%	$132K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.223	+0.048%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.239	+0.190%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.218	+0.004%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.234	+0.148%	$365K	$943K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.218	+0.004%	$30.1M	$5.1M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.212	−0.049%	$671K	$2.0M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.213	−0.045%	$258K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.221	+0.032%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.196	−0.192%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.212	−0.051%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.209	−0.076%	$912K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0436% / S −0.0298%	1h	11.218	long leg	$237K	—	120x
Hyperliquid AVAX	+0.0677%	1h	11.236	+0.164%	$43.9M	$49.6M	10x	as long as short