AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0336%/8h= −36.8% APRnext payment −$0.42 per $10,000 · paid last 24h −0.082%

Price spread now: Pacifica against GMX+0.107%7-day average −0.048% · you sell dearer than you buy

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

Long on GMX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.312%−$31 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now +0.107%, 7d avg −0.048%

Together, before fees−0.222%+ Points / potential airdropPacifica: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.156% dearer against GMX than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of −0.048%): +$16 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	11.107	L +0.0436% / S −0.0295%	pay 0.0055% / 1h	52m 24s	$236K	—	120x
Short	Pacifica AVAX	11.119	0.0100	get 0.0013% / 1h	52m 24s	$290K	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.107%Rate

Funding earned: −$70.65
Price spread: +0.107% → −0.048%: $15.55
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$75.1
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Pacifica: live order book, 6 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 Pacifica live order book, 6 min ago	5.39 bp	13.2 bp −$13	23.9 bp −$239	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	11.090	−0.153%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.129	+0.198%	$5.2M	$7.9M	25x	as long as short
ApeX Omni AVAXUSDT	−0.0082%	1h	11.122	+0.135%	$179K	$673K	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.118	+0.099%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.107	+0.001%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0007%	1h	11.103	−0.031%	$286K	$395K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.115	+0.069%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.109	+0.018%	$16K	$583K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.113	+0.054%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.117	+0.094%	$2.3M	$1.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXshort	+0.0100%	1h	11.119	+0.107%	$290K	$114K	10x
Binance AVAXUSDT	+0.0100%	8h	11.107	0.000%	$118.2M	$427.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.105	−0.018%	$88.4M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.107	0.000%	$20.3M	$116.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.110	+0.027%	$12.1M	$33.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.112	+0.045%	$48.4M	$77.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.114	+0.063%	$15.8M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.105	−0.018%	$33.3M	$48.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.108	+0.009%	—	$80.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.128	+0.189%	$329K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.148	+0.366%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	+0.095%	$355K	$835K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.112	+0.045%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.113	+0.054%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.157	+0.454%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.131	+0.216%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.133	+0.230%	$366K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.134	+0.243%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.105	−0.022%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.103	−0.036%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.134	+0.244%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.125	+0.162%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.140	+0.297%	$893K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.108	+0.011%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0436% / S −0.0295%	1h	11.107	long leg	$236K	—	120x
Hyperliquid AVAX	+0.0723%	1h	11.129	+0.198%	$43.4M	$42.2M	10x	as long as short