AVAX

Alert

Funding spread now, next payment 17:00 UTC−0.0959%/8h

paid, last 24h−0.118%paid, last 3 days−0.260%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.260% in total (about -33.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	11.070	L +0.0403% / S −0.0236%	pay 0.0050% / 1h	52m 34s	$234K	—	120x
Short	Bybit AVAXUSDT	11.045	−0.0557	pay 0.0557% / 8h	7h 52m	$87.8M	$170.3M	75x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee BybitbpOrdersRate

Funding earned: −$201.48
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$224.48
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.226%
Avg gap 7d: −0.102%

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 GMX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.45 bp	9.4 bp −$9	17.6 bp −$176	41.6 bp −$4,157	doesn't fit

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
ApeX Omni AVAXUSDT	−0.0623%	1h	$139K	$730K	50x	as long as short
Bybit AVAXUSDTshort	−0.0557%	8h	$87.8M	$170.3M	75x
Deribit AVAX_USDC-PERPETUAL	−0.0382%	1h	$5.2M	$11.9M	25x	as long as short
Gate AVAX_USDT	−0.0303%	8h	$12.3M	$44.5M	75x	as long as short
Variational Omni AVAX	−0.0229%	8h	$3.0M	$3.0M	—	as long as short
SoDEX AVAX-USD	−0.0215%	1h	$19K	$75K	10x	as long as short
Polymarket Perps AVAX-USD	−0.0065%	1h	$111K	$523K	10x	as long as short
Backpack AVAX_USDC_PERP	−0.0039%	1h	$319K	$592K	15x	as long as short
Kraken Futures PF_AVAXUSD	−0.0023%	1h	$4.4M	$17.6M	50x	as long as short
OKX AVAX-USDT-SWAP	−0.0005%	8h	$20.6M	$173.0M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX AVAX-USD	0.0000%	1h	$63K	$173K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	$12K	—	150x	as long as short
MEXC AVAX_USDT	+0.0004%	8h	$52.1M	$144.5M	200x	as long as short
Binance AVAXUSDT	+0.0004%	8h	$120.4M	$637.8M	75x	as long as short
Aster AVAXUSDT	+0.0010%	8h	$2.3M	$2.6M	75x	as long as short
BloFin AVAX-USDT	+0.0020%	8h	$5.1M	$11.4M	100x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	$17K	$79K	12x	as long as short
Nado AVAX-PERP	+0.0042%	1h	$310K	$1.4M	10x	as long as short
Paradex AVAX-USD-PERP	+0.0050%	8h	$13K	$2K	20x	as long as short
Bitget AVAXUSDT	+0.0068%	8h	$34.3M	$74.1M	75x	as long as short
BingX AVAX-USDT	+0.0069%	8h	—	$104.6M	—	as long as short
Aevo AVAX-PERP	+0.0080%	1h	$254K	—	3x	as long as short
Lighter AVAX	+0.0096%	1h	$1.3M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	$16K	$869K	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0096%	1h	$846K	$10.5M	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	$42.8M	$66.7M	10x	as long as short
Pacifica AVAX	+0.0100%	1h	$298K	$137K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	$14.6M	$27.6M	75x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	$195K	$404K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	$12K	$695K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	$357K	$1.4M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	$29.6M	$4.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	$647K	$2.4M	25x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0403% / S −0.0236%	1h	$234K	—	120x