AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0098%/8h= +10.8% APRnext payment +$0.12 per $10,000 · paid last 24h +0.007%

Price spread now: Backpack against gTrade (Gains Network)+0.088%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.088% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	11.085	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	42m 16s	$13K	—	150x
Short	Backpack AVAX_USDC_PERP	11.095	0.0100	get 0.0013% / 1h	42m 16s	$355K	$548K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.088%Rate

Funding earned: $20.66
Price spread: +0.088% → 0.000%: $8.75
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $9.41
Costs to cover: 0.200%
Break-even: 3.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 27 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 27 min ago	0.45 bp	7.8 bp −$8	33.2 bp −$332	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.1423%	1h	11.070	−0.138%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0111%	1h	11.085	−0.003%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0038%	1h	11.082	−0.025%	$288K	$523K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.086	+0.008%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	11.085	long leg	$13K	—	150x
Gate AVAX_USDT	+0.0070%	8h	11.082	−0.030%	$12.1M	$36.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.087	+0.019%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.084	−0.012%	$18K	$595K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.083	−0.021%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.091	+0.054%	$2.3M	$1.4M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.088	+0.022%	$294K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.088	+0.024%	$118.3M	$471.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.089	+0.033%	$88.3M	$146.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.094	+0.078%	$19.8M	$126.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.089	+0.033%	$49.4M	$82.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.091	+0.051%	$15.5M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.091	+0.051%	$33.4M	$52.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.094	+0.078%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERPshort	+0.0100%	1h	11.095	+0.088%	$355K	$548K	15x
Variational Omni AVAX	+0.0100%	8h	11.094	+0.077%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.085	−0.002%	$352K	$807K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.113	+0.250%	$179K	$682K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.089	+0.033%	$130K	$367K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.091	+0.051%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.116	+0.274%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.087	+0.015%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.085	+0.002%	$360K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.090	+0.042%	$29.6M	$5.4M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.082	−0.027%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.079	−0.052%	$254K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.117	+0.286%	$5.0M	$6.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.085	0.000%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.090	+0.039%	$4.3M	$12.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.089	+0.033%	$906K	$6.0M	50x	as long as short
Hyperliquid AVAX	+0.0422%	1h	11.101	+0.142%	$43.2M	$48.1M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.084	−0.014%	$235K	—	120x	as long as short