AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0559%/8h= +61.2% APRnext payment +$0.70 per $10,000 · paid last 24h +0.038%

Price spread now: GMX against Kraken Futures+0.034%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 Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.216%+$22 on $10k

Price spread, last 4 days (all we have)+0.211%+$21 · spread now +0.034%, 7d avg +0.002%

Together, before fees+0.428%+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and GMX is 0.032% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	10.781	−0.0265	get 0.0033% / 1h	47m 51s	$3.7M	$11.6M	50x
Short	GMX AVAX/USD [AVAX-USDC]	10.785	L +0.0443% / S −0.0294%	get 0.0037% / 1h	47m 51s	$228K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $117.43
Price spread: +0.034% → +0.002%: $3.25
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $98.68
Costs to cover: 0.220%
Break-even: 1.1 days

Slippage unknown: Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago	1.86 bp	8.7 bp −$9	11.7 bp −$117	40.5 bp −$4,049	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
Nado AVAX-PERP	−0.0295%	1h	10.778	−0.024%	$281K	$331K	10x	as long as short
Kraken Futures PF_AVAXUSDlong	−0.0265%	1h	10.781	long leg	$3.7M	$11.6M	50x
Phemex AVAXUSDT	−0.0099%	8h	10.775	−0.056%	$28.7M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.764	−0.161%	$3.0M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0004%	8h	10.774	−0.065%	$13.6M	$28.6M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.770	−0.102%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.782	+0.009%	$4.9M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.785	+0.033%	$12K	—	150x	as long as short
SoDEX AVAX-USD	+0.0017%	1h	10.779	−0.019%	$18K	$68K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.195%	$17K	$151K	12x	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	+0.0093%	8h	10.762	−0.178%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.779	−0.016%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.773	−0.075%	$28K	$463K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.798	+0.157%	$37.0M	$40.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.778	−0.028%	$2.4M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.768	−0.119%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.775	−0.056%	$114.0M	$398.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.782	+0.009%	$84.2M	$139.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.786	+0.046%	$19.0M	$107.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.777	−0.038%	$53.1M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.781	−0.001%	$14.0M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.781	−0.001%	$32.8M	$45.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.777	−0.038%	—	$53.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.783	+0.018%	$439K	$531K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.778	−0.029%	$340K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.782	+0.009%	$174K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.778	−0.028%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.787	+0.055%	$233K	$248K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.793	+0.106%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.777	−0.042%	$332K	$867K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.776	−0.049%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.775	−0.059%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.770	−0.103%	$850K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.767	−0.130%	$4.6M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.776	−0.044%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0443% / S −0.0294%	1h	10.785	+0.034%	$228K	—	120x