AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h −0.026%

Price spread now: Hyperliquid against GMX+0.125%56s7-day average −0.002% · you sell dearer than you buy

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

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.230%−$23 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.125%, 7d avg −0.002%

Together, before fees−0.226%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.126% dearer against GMX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.002%. Mind the row above: over the last 3 days funding on this pair cost −0.230%, so the current rate has only just turned in your favour. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	11.199	L +0.0405% / S −0.0244%	pay 0.0051% / 1h	39m 25s	$241K	—	120x
Short	Hyperliquid AVAX	11.213	0.0451	get 0.0056% / 1h	39m 25s	$42.7M	$58.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.125%Rate

Funding earned: $9.78
Price spread: +0.125% → −0.002%: $12.62
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $1.4
Costs to cover: 0.210%
Break-even: 6.0 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 4 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 Hyperliquid live order book, 4 min ago	0.45 bp	6.8 bp −$7	12.6 bp −$126	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
Deribit AVAX_USDC-PERPETUAL	−0.0285%	1h	11.199	0.000%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0169%	8h	11.174	−0.228%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0112%	1h	11.188	−0.103%	$296K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.884%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0024%	1h	11.182	−0.151%	$666K	$2.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.196	−0.024%	$98K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.198	−0.009%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0043%	8h	11.195	−0.036%	$12.5M	$39.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0050%	8h	11.191	−0.072%	$20.0M	$146.9M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.209	+0.089%	$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	+0.0059%	8h	11.202	+0.026%	$30.0M	$4.8M	50x	as long as short
Bybit AVAXUSDT	+0.0060%	8h	11.188	−0.099%	$85.2M	$151.1M	75x	as long as short
MEXC AVAX_USDT	+0.0067%	8h	11.195	−0.036%	$53.5M	$108.9M	200x	as long as short
Binance AVAXUSDT	+0.0070%	8h	11.183	−0.143%	$119.8M	$537.8M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0095%	8h	11.189	−0.088%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.196	−0.031%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.185	−0.125%	$13K	$697K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.197	−0.014%	$257K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.196	−0.031%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.198	−0.006%	$297K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.193	−0.054%	$15.9M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.197	−0.018%	$34.4M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.185	−0.125%	—	$90.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.203	+0.035%	$332K	$556K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.170	−0.260%	$353K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.176	−0.206%	$180K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.194	−0.045%	$130K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.206	+0.062%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.227	+0.248%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.199	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.198	−0.005%	$359K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0188%	8h	11.200	+0.009%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.197	−0.018%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0256%	1h	11.209	+0.089%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0405% / S −0.0244%	1h	11.199	long leg	$241K	—	120x
Hyperliquid AVAXshort	+0.0451%	1h	11.213	+0.125%	$42.7M	$58.0M	10x