Funding you earn now, next payment 09:00 UTC−0.0529%/8h= −57.9% APRpaid last 24h −0.144%
Price spread now: Variational Omni against GMX−0.736%7-day average −0.100% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.489%−$49 on $10k
+Price spread, last 4 days (all we have)+0.841%+$84 · spread now −0.736%, 7d avg −0.100%
=Together, before fees+0.351%+ Points / potential airdropVariational Omni: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Variational Omni is 0.636% cheaper against GMX than usual: you would sell low and buy high (−$64 if the spread goes back to its 7-day average of −0.100%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX AVAX/USD [AVAX-USDC] | 10.825 | L +0.0444% / S −0.0294% | pay 0.0055% / 1h | 22m 59s | $229K | — | 120x |
| Short | Variational Omni AVAX | 10.745 | −0.0085 | pay 0.0085% / 8h | 7h 22m | $3.0M | $2.1M | — |
GMX AVAX/USD [AVAX-USDC]
Variational Omni AVAXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$111.02
- Price spread: −0.736% → −0.100%
- −$63.65
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$186.67
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 1 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 Variational Omni RFQ quote, 1 min ago | 3.20 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AVAXUSD | −0.0264% | 1h | 10.828 | +0.023% | $3.8M | $11.6M | 50x | as long as short |
| Nado AVAX-PERP | −0.0207% | 1h | 10.800 | −0.227% | $281K | $320K | 10x | as long as short |
| Phemex AVAXUSDT | −0.0151% | 8h | 10.818 | −0.066% | $28.9M | $5.6M | 50x | as long as short |
| Variational Omni AVAXshort | −0.0085% | 8h | 10.745 | −0.736% | $3.0M | $2.1M | — | |
| SoDEX AVAX-USD | −0.0070% | 1h | 10.823 | −0.019% | $18K | $68K | 10x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.778 | −0.436% | $92K | $111K | 10x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | 0.0000% | 1h | 10.828 | +0.027% | $4.9M | $6.7M | 25x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.823 | −0.018% | $12K | — | 150x | as long as short |
| Gate AVAX_USDT | +0.0022% | 8h | 10.825 | −0.001% | $13.9M | $29.0M | 75x | as long as short |
| Injective AVAX/USDC PERP | +0.0033% | 1h | 10.760 | −0.601% | $17K | $151K | 12x | as long as short |
Kraken Futures PF_AVAXUSD
Nado AVAX-PERP
Phemex AVAXUSDT
SoDEX AVAX-USD
dYdX AVAX-USD
Deribit AVAX_USDC-PERPETUAL
gTrade (Gains Network) AVAX/USD
Gate AVAX_USDT
Injective AVAX/USDC PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT AVAX_USDT_Perp | +0.0077% | 8h | 10.772 | −0.491% | $339K | $1.2M | 10x | as long as short |
| Paradex AVAX-USD-PERP | +0.0086% | 8h | 10.802 | −0.216% | $12K | $62 | 20x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 10.823 | −0.018% | $1.2M | $2.1M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 10.798 | −0.250% | $22K | $469K | 50x | as long as short |
| Hyperliquid AVAX | +0.0100% | 1h | 10.835 | +0.091% | $36.0M | $39.5M | 10x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.821 | −0.042% | $2.2M | $1.4M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.807 | −0.167% | $272K | $128K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 10.822 | −0.031% | $114.1M | $389.6M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 10.819 | −0.056% | $84.5M | $136.2M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.816 | −0.084% | $19.1M | $105.8M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.820 | −0.047% | $53.6M | $79.6M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.825 | −0.001% | $14.0M | $20.6M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.819 | −0.056% | $33.0M | $45.1M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 10.823 | −0.019% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.828 | +0.027% | $439K | $532K | 15x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 10.759 | −0.611% | $174K | $662K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 10.809 | −0.149% | $136K | $279K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.830 | +0.045% | $234K | $239K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 10.848 | +0.215% | $12K | $769K | 20x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.820 | −0.043% | $334K | $847K | 75x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.816 | −0.087% | $612K | $1.4M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.819 | −0.056% | $249K | — | 3x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0200% | 1h | 10.828 | +0.027% | $859K | $5.3M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.825 | −0.001% | $4.7M | $5.4M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0245% | 1h | 10.810 | −0.139% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC]long | L +0.0444% / S −0.0294% | 1h | 10.825 | long leg | $229K | — | 120x |
GRVT AVAX_USDT_Perp
Paradex AVAX-USD-PERP
Lighter AVAX
Popdex AVAXUSDT
Hyperliquid AVAX
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
HTX AVAX-USDT
Extended AVAX-USD
Aevo AVAX-PERP
Coinbase International AVAX-PERP-INTX
BloFin AVAX-USDT
Reya AVAXRUSDPERP