Funding you earn now, next payment 03:00 UTC+0.0195%/8h= +21.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.041%
Price spread now: GMX against Polymarket Perps−0.037%7-day average +0.022% · 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)+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)−0.194%−$19 · spread now −0.037%, 7d avg +0.022%
=Funding pays, the price is against you. GMX is 0.060% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.022%). If the spread goes back, that is −$6 on $10k: about 24 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps AVAX-USD | 11.112 | 0.0100 | pay 0.0013% / 1h | 38m 55s | $130K | $349K | 10x |
| Short | GMX AVAX/USD [AVAX-USDC] | 11.108 | L +0.0436% / S −0.0295% | get 0.0037% / 1h | 38m 55s | $236K | — | 120x |
Polymarket Perps AVAX-USD
GMX AVAX/USD [AVAX-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Polymarket Perps. 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
- $40.92
- Price spread: −0.037% → +0.022%
- −$5.97
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $14.95
- Costs to cover
- 0.200%
- Break-even
- 4.4 days
Slippage unknown: Polymarket Perps: live order book, 23 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 Polymarket Perps live order book, 23 min ago | 2.24 bp | 6.2 bp −$6 | 7.5 bp −$75 | 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 | −0.1374% | 1h | 11.100 | −0.108% | $17K | $151K | 12x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0200% | 1h | 11.103 | −0.081% | $5.2M | $7.9M | 25x | as long as short |
| Nado AVAX-PERP | −0.0061% | 1h | 11.116 | +0.036% | $286K | $448K | 10x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.126 | +0.125% | $102K | $87K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 11.108 | −0.035% | $13K | — | 150x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0046% | 1h | 11.110 | −0.021% | $4.3M | $11.5M | 50x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.105 | −0.063% | $1.2M | $2.9M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.111 | −0.009% | $15K | $564K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0100% | 8h | 11.118 | +0.054% | $13K | $434 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 11.114 | +0.018% | $2.3M | $1.2M | 75x | as long as short |
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
Nado AVAX-PERP
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Kraken Futures PF_AVAXUSD
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica AVAX | +0.0100% | 1h | 11.123 | +0.103% | $290K | $112K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 11.117 | +0.045% | $118.7M | $434.9M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.121 | +0.081% | $88.4M | $138.1M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 11.123 | +0.099% | $20.0M | $117.7M | 50x | as long as short |
| Gate AVAX_USDT | +0.0100% | 8h | 11.116 | +0.036% | $12.1M | $34.9M | 75x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.114 | +0.018% | $47.9M | $79.0M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.118 | +0.054% | $15.5M | $21.8M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.110 | −0.018% | $33.3M | $48.7M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 11.118 | +0.054% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 11.110 | −0.018% | $355K | $498K | 15x | as long as short |
| Variational Omni AVAX | +0.0100% | 8h | 11.132 | +0.183% | $2.9M | $2.2M | — | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.141 | +0.262% | $357K | $801K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.145 | +0.297% | $179K | $678K | 50x | as long as short |
| Polymarket Perps AVAX-USDlong | +0.0100% | 1h | 11.112 | long leg | $130K | $349K | 10x | |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.112 | 0.000% | $195K | $313K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.142 | +0.273% | $12K | $701K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.106 | −0.054% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.104 | −0.067% | $363K | $872K | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 11.107 | −0.045% | $29.7M | $5.6M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 11.109 | −0.028% | $671K | $1.5M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.096 | −0.144% | $255K | — | 3x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 11.104 | −0.072% | $5.1M | $5.5M | 100x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0232% | 1h | 11.134 | +0.198% | $900K | $5.5M | 50x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.108 | −0.039% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC]short | L +0.0436% / S −0.0295% | 1h | 11.108 | −0.037% | $236K | — | 120x | |
| Hyperliquid AVAX | +0.0452% | 1h | 11.128 | +0.144% | $43.3M | $43.0M | 10x | as long as short |
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
Gate AVAX_USDT
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
Variational Omni AVAX
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
BloFin AVAX-USDT
Coinbase International AVAX-PERP-INTX
Reya AVAXRUSDPERP
Hyperliquid AVAX