AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0343%/8h= +37.6% APRnext payment +$0.43 per $10,000 · paid last 24h +0.221%

Price spread now: GMX against Deribit+0.055%7-day average +0.079% · you sell dearer than you buy

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.620%+$62 on $10k

Price spread, last 3 days (all we have)+0.063%+$6 · spread now +0.055%, 7d avg +0.079%

Together, before fees+0.683%+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.025% cheaper against Deribit than usual: you would sell low and buy high (spread +0.055% now, against its 7-day average of +0.079%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.190	−0.0107	get 0.0013% / 1h	47m 01s	$5.3M	$9.3M	25x
Short	GMX AVAX/USD [AVAX-USDC]	11.196	L +0.0396% / S −0.0236%	get 0.0029% / 1h	47m 01s	$236K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now +0.055%Rate

Funding earned: $72.02
Price spread: +0.055% → +0.079%: −$2.47
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $50.55
Costs to cover: 0.190%
Break-even: 2.1 days

Slippage unknown: Deribit: live order book, 2 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 Deribit live order book, 2 min ago	2.23 bp	7.1 bp −$7	doesn't fit	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	−0.0570%	1h	11.140	−0.447%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0107%	1h	11.190	long leg	$5.3M	$9.3M	25x
Variational Omni AVAX	−0.0043%	8h	11.261	+0.630%	$3.0M	$2.3M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.221	+0.281%	$98K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.196	+0.055%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0023%	1h	11.201	+0.103%	$295K	$912K	10x	as long as short
Gate AVAX_USDT	+0.0094%	8h	11.192	+0.018%	$12.5M	$39.9M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.195	+0.046%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.201	+0.098%	$14K	$696K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.217	+0.245%	$13K	$766	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.190	−0.001%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.218	+0.253%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.192	+0.020%	$119.9M	$528.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.190	0.000%	$87.6M	$157.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.188	−0.018%	$20.1M	$146.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.191	+0.009%	$52.2M	$99.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.195	+0.045%	$16.1M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.192	+0.018%	$33.9M	$60.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.192	+0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.193	+0.027%	$357K	$579K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.257	+0.599%	$356K	$885K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.217	+0.241%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.203	+0.116%	$133K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.208	+0.161%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.218	+0.248%	$12K	$726K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.191	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.216	+0.228%	$361K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.192	+0.018%	$30.1M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.187	−0.024%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.191	+0.009%	$257K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.205	+0.134%	$903K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.193	+0.027%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.192	+0.020%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0396% / S −0.0236%	1h	11.196	+0.055%	$236K	—	120x
Hyperliquid AVAX	+0.0494%	1h	11.210	+0.179%	$43.4M	$57.9M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0632%	1h	11.198	+0.074%	$4.6M	$13.6M	50x	as long as short