Funding you earn now, next payment 05:00 UTC+0.0176%/8h= +19.3% APRpaid last 24h +0.042%
Price spread now: GMX against GRVT−0.667%7-day average +0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.165%+$16 on $10k
+Price spread, last 4 days (all we have)+0.653%+$65 · spread now −0.667%, 7d avg +0.024%
=Together, before fees+0.818%+ Points / potential airdropGRVT: Active · farm board+$82 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.691% cheaper against GRVT than usual: you would sell low and buy high (spread −0.667% now, against its 7-day average of +0.024%). If the spread goes back, that is −$69 on $10k: about 13 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT AVAX_USDT_Perp | 10.906 | 0.0100 | pay 0.0100% / 8h | 3h 09m | $343K | $953K | 10x |
| Short | GMX AVAX/USD [AVAX-USDC] | 10.833 | L +0.0445% / S −0.0276% | get 0.0034% / 1h | 9m 20s | $237K | — | 120x |
GRVT AVAX_USDT_Perp
GMX AVAX/USD [AVAX-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against GRVT. 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
- $36.93
- Price spread: −0.667% → +0.024%
- −$69.14
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$53.21
- Costs to cover
- 0.210%
- Break-even
- 17.1 days
Slippage unknown: GRVT: live order book, 44 min ago; GMX: no order-book sample. 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 GRVT live order book, 44 min ago | 1.82 bp | 9.3 bp −$9 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 | 10.840 | −0.605% | $17K | $151K | 12x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0118% | 1h | 10.857 | −0.449% | $4.9M | $7.4M | 25x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.850 | −0.513% | $95K | $96K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.835 | −0.651% | $12K | — | 150x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0020% | 1h | 10.862 | −0.404% | $4.2M | $11.0M | 50x | as long as short |
| Nado AVAX-PERP | +0.0030% | 1h | 10.833 | −0.665% | $281K | $308K | 10x | as long as short |
| Gate AVAX_USDT | +0.0055% | 8h | 10.833 | −0.669% | $12.2M | $32.6M | 75x | as long as short |
| Variational Omni AVAX | +0.0093% | 8h | 10.876 | −0.271% | $2.9M | $2.2M | — | as long as short |
| Lighter AVAX | +0.0096% | 1h | 10.851 | −0.503% | $1.2M | $2.7M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 10.843 | −0.578% | $6K | $440K | 50x | as long as short |
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Kraken Futures PF_AVAXUSD
Nado AVAX-PERP
Gate AVAX_USDT
Variational Omni AVAX
Lighter AVAX
Popdex AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex AVAX-USD-PERP | +0.0097% | 8h | 10.857 | −0.451% | $12K | $212 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.830 | −0.699% | $2.2M | $1.0M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.856 | −0.458% | $273K | $130K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 10.833 | −0.669% | $113.6M | $416.8M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 10.826 | −0.734% | $81.9M | $138.0M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.834 | −0.660% | $19.7M | $109.0M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.831 | −0.688% | $44.7M | $79.2M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.828 | −0.715% | $14.9M | $21.6M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.822 | −0.770% | $32.3M | $47.7M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 10.830 | −0.697% | — | $54.8M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.856 | −0.458% | $365K | $548K | 15x | as long as short |
| GRVT AVAX_USDT_Perplong | +0.0100% | 8h | 10.906 | long leg | $343K | $953K | 10x | |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 10.908 | +0.018% | $175K | $665K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 10.834 | −0.660% | $127K | $343K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.839 | −0.614% | $190K | $310K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 10.887 | −0.173% | $11K | $718K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 10.857 | −0.449% | $18K | $71K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.866 | −0.367% | $357K | $771K | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 10.864 | −0.385% | $29.0M | $5.7M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.842 | −0.590% | $671K | $1.3M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.832 | −0.679% | $249K | — | 3x | as long as short |
| Hyperliquid AVAX | +0.0218% | 1h | 10.846 | −0.550% | $41.0M | $39.8M | 10x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.886 | −0.183% | $4.8M | $5.3M | 100x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0232% | 1h | 10.863 | −0.394% | $884K | $4.7M | 50x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 10.822 | −0.769% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC]short | L +0.0445% / S −0.0276% | 1h | 10.833 | −0.667% | $237K | — | 120x |
Paradex AVAX-USD-PERP
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
Backpack AVAX_USDC_PERP
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
Hyperliquid AVAX
BloFin AVAX-USDT
Coinbase International AVAX-PERP-INTX
Reya AVAXRUSDPERP