AVAX

Alert

Funding spread now, next payment 15:00 UTC+0.0044%/8h

next payment, per $10,000+$0.06paid, last 24h+0.021%paid, last 3 days−0.124%to open and closeno order book

Long on Coinbase International Short on GMX

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.170	0.0176	pay 0.0022% / 1h	40m 14s	$843K	$11.5M	50x
Short	GMX AVAX/USD [AVAX-USDC]	11.187	L +0.0386% / S −0.0220%	get 0.0028% / 1h	40m 14s	$226K	—	120x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee GMXbpOrdersRate

Funding earned: $9.32
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$12.68
Break-even: 16.5 days

Slippage unknown: Coinbase International: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.154%
Avg gap 7d: +0.002%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Coinbase International live order book, 5 min ago	4.92 bp	13.3 bp −$13	18.9 bp −$189	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 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit AVAX_USDC-PERPETUAL	−0.0465%	1h	$5.3M	$12.5M	25x	as long as short
Variational Omni AVAX	−0.0161%	8h	$3.0M	$3.3M	—	as long as short
SoDEX AVAX-USD	−0.0138%	1h	$19K	$112K	10x	as long as short
Gate AVAX_USDT	−0.0044%	8h	$12.5M	$49.9M	75x	as long as short
Injective AVAX/USDC PERP	−0.0022%	1h	$17K	$79K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	$64K	$175K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	$27K	—	150x	as long as short
Bybit AVAXUSDT	+0.0005%	8h	$89.6M	$175.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0030%	8h	$20.9M	$189.4M	50x	as long as short
Polymarket Perps AVAX-USD	+0.0033%	1h	$115K	$538K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC AVAX_USDT	+0.0041%	8h	$48.6M	$159.3M	200x	as long as short
Phemex AVAXUSDT	+0.0041%	8h	$30.0M	$4.9M	50x	as long as short
Binance AVAXUSDT	+0.0042%	8h	$122.6M	$675.8M	75x	as long as short
Aster AVAXUSDT	+0.0051%	8h	$2.3M	$2.9M	75x	as long as short
BingX AVAX-USDC	+0.0065%	8h	—	$6.6M	—	as long as short
Bitget AVAXUSDT	+0.0074%	8h	$35.3M	$80.8M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0082%	8h	$13K	$2K	20x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	$257K	—	3x	as long as short
Lighter AVAX	+0.0096%	1h	$1.3M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	$14K	$936K	50x	as long as short
Nado AVAX-PERP	+0.0098%	1h	$324K	$1.7M	10x	as long as short
Pacifica AVAX	+0.0100%	1h	$302K	$165K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	$15.3M	$29.1M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	$321K	$648K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	$140K	$738K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	$197K	$405K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	$12K	$759K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	$357K	$1.5M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	$679K	$2.4M	25x	as long as short
BloFin AVAX-USDT	+0.0162%	8h	$5.2M	$11.8M	100x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0176%	1h	$843K	$11.5M	50x
Kraken Futures PF_AVAXUSD	+0.0241%	1h	$4.4M	$19.0M	50x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0290%	1h	$43.3M	$75.9M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0386% / S −0.0220%	1h	$226K	—	120x