AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0340%/8h= −37.3% APRnext payment −$0.43 per $10,000 · paid last 24h −0.085%

Price spread now: Popdex against GMX−0.115%49s7-day average −0.038% · you buy dearer than you sell

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

Long on GMX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.322%−$32 on $10k

Price spread, last 4 days (all we have)+0.252%+$25 · spread now −0.115%, 7d avg −0.038%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Popdex is 0.077% cheaper against GMX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 49 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]	11.021	L +0.0436% / S −0.0295%	pay 0.0055% / 1h	51m 37s	$234K	—	120x
Short	Popdex AVAXUSDT	11.008	0.0096	get 0.0012% / 1h	51m 37s	$15K	$458K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$71.49
Price spread: −0.115% → −0.038%: −$7.73
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$97.63
Costs to cover: 0.184%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Popdex: 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 Popdex live order book, 2 min ago	1.36 bp	5.7 bp −$6	19.6 bp −$196	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	−0.1421%	1h	10.950	−0.642%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0023%	1h	11.005	−0.138%	$286K	$318K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0022%	1h	11.016	−0.043%	$5.1M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.016	−0.047%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.020	−0.006%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	11.014	−0.060%	$4.3M	$11.3M	50x	as long as short
ApeX Omni AVAXUSDT	+0.0084%	1h	11.008	−0.115%	$177K	$671K	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.016	−0.046%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDTshort	+0.0096%	1h	11.008	−0.115%	$15K	$458K	50x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.010	−0.099%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.016	−0.039%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.013	−0.070%	$277K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.008	−0.115%	$116.1M	$428.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.003	−0.161%	$84.2M	$140.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.008	−0.115%	$20.2M	$114.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.012	−0.079%	$12.1M	$32.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.012	−0.079%	$46.0M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.018	−0.025%	$15.5M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.004	−0.152%	$33.1M	$47.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.006	−0.134%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.019	−0.016%	$371K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.987	−0.310%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.010	−0.099%	$345K	$891K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.018	−0.025%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.021	+0.002%	$194K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.046	+0.228%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.015	−0.052%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.018	−0.029%	$367K	$791K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.016	−0.043%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.001	−0.175%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.018	−0.029%	$253K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.013	−0.070%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.026	+0.048%	$898K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.014	−0.059%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0387%	1h	11.031	+0.093%	$42.8M	$41.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0436% / S −0.0295%	1h	11.021	long leg	$234K	—	120x