AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0706%/8h= −77.3% APRnext payment −$0.88 per $10,000 · paid last 24h −0.086%

Price spread now: Kraken Futures against GMX+0.039%7-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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.384%−$38 on $10k

Price spread, last 4 days (all we have)−0.285%−$28 · spread now +0.039%, 7d avg −0.002%

Together, before fees−0.669%−$67 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.041% dearer against GMX than usual: you sell high and buy low (spread +0.039% now, against its 7-day average of −0.002%): +$4 on $10k if it goes back. Holding the pair costs −$21 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]	10.881	L +0.0444% / S −0.0294%	pay 0.0055% / 1h	2m 02s	$230K	—	120x
Short	Kraken Futures PF_AVAXUSD	10.885	−0.0263	pay 0.0033% / 1h	2m 02s	$3.8M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$148.31
Price spread: +0.039% → −0.002%: $4.1
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$166.21
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 2 min ago	2.29 bp	10.8 bp −$11	22.0 bp −$220	69.2 bp −$6,924	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
Kraken Futures PF_AVAXUSDshort	−0.0263%	1h	10.885	+0.039%	$3.8M	$11.5M	50x
Nado AVAX-PERP	−0.0148%	1h	10.879	−0.013%	$274K	$311K	10x	as long as short
Phemex AVAXUSDT	−0.0107%	8h	10.875	−0.054%	$29.0M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0092%	8h	10.907	+0.237%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0069%	1h	10.879	−0.017%	$19K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.885	+0.040%	$93K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.883	+0.020%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.880	−0.008%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.111%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0039%	8h	10.879	−0.017%	$14.2M	$29.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0091%	8h	10.880	−0.006%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.882	+0.011%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.875	−0.054%	$19K	$474K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.894	+0.121%	$36.1M	$39.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.883	+0.020%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.886	+0.049%	$274K	$127K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.882	+0.010%	$114.7M	$387.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.879	−0.017%	$84.9M	$135.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.884	+0.029%	$19.4M	$106.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.881	+0.001%	$54.9M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.884	+0.029%	$14.0M	$19.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.880	−0.008%	$33.1M	$44.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.879	−0.017%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.882	+0.010%	$439K	$528K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.915	+0.314%	$352K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.915	+0.314%	$175K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.881	+0.001%	$139K	$236K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.887	+0.056%	$235K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.899	+0.166%	$12K	$776K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.885	+0.036%	$336K	$869K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.876	−0.048%	$621K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.884	+0.030%	$250K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.891	+0.093%	$857K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.903	+0.203%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.875	−0.053%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0444% / S −0.0294%	1h	10.881	long leg	$230K	—	120x