AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0221%/8h= +24.3% APRnext payment +$0.28 per $10,000 · paid last 24h +0.050%

Price spread now: GMX against Lighter+0.037%7-day average +0.070% · you sell dearer than you buy

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.197%+$20 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.037%, 7d avg +0.070%

Together, before fees+0.149%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.033% cheaper against Lighter than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.070%). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	10.808	0.0096	pay 0.0012% / 1h	30m 37s	$1.2M	$1.9M	10x
Short	GMX AVAX/USD [AVAX-USDC]	10.812	L +0.0464% / S −0.0317%	get 0.0040% / 1h	30m 37s	$239K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $46.51
Price spread: +0.037% → +0.070%: −$3.32
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $31.19
Costs to cover: 0.120%
Break-even: 2.3 days

Slippage unknown: Lighter: live order book, 9 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 Lighter live order book, 9 min ago	3.46 bp	3.8 bp −$4	11.9 bp −$119	93.9 bp −$9,389	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 exchanges

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
Variational Omni AVAX	−0.0150%	8h	10.806	−0.023%	$3.1M	$2.0M	—	as long as short
Gate AVAX_USDT	−0.0105%	8h	10.809	+0.006%	$14.5M	$26.8M	75x	as long as short
Bybit AVAXUSDT	−0.0057%	8h	10.805	−0.031%	$84.2M	$131.0M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.813	+0.045%	$3.7M	$10.8M	50x	as long as short
SoDEX AVAX-USD	−0.0034%	1h	10.810	+0.015%	$18K	$67K	10x	as long as short
Phemex AVAXUSDT	−0.0026%	8h	10.808	−0.004%	$28.8M	$5.6M	50x	as long as short
Nado AVAX-PERP	−0.0008%	1h	10.809	+0.006%	$276K	$290K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.813	+0.042%	$92K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.812	+0.033%	$4.9M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.810	+0.011%	$23K	—	150x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.448%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0071%	8h	10.803	−0.050%	$19.1M	$100.1M	50x	as long as short
MEXC AVAX_USDT	+0.0090%	8h	10.808	−0.004%	$52.6M	$69.6M	200x	as long as short
Binance AVAXUSDT	+0.0090%	8h	10.808	−0.003%	$113.7M	$370.2M	75x	as long as short
Lighter AVAXlong	+0.0096%	1h	10.808	long leg	$1.2M	$1.9M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.810	+0.015%	$22K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.804	−0.045%	$12K	$62	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.820	+0.107%	$36.0M	$37.2M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.812	+0.033%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.814	+0.053%	$272K	$96K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.811	+0.024%	$14.1M	$18.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.802	−0.059%	$33.0M	$42.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.805	−0.031%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.810	+0.015%	$396K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.802	−0.062%	$345K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.820	+0.107%	$154K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.809	+0.006%	$62K	$364K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.818	+0.089%	$234K	$208K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.837	+0.266%	$11K	$775K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.812	+0.029%	$324K	$902K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.800	−0.082%	$616K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.812	+0.033%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.808	−0.004%	$851K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0210%	8h	10.813	+0.043%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.806	−0.023%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0464% / S −0.0317%	1h	10.812	+0.037%	$239K	—	120x