AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0727%/8h= −79.6% APRnext payment −$0.91 per $10,000 · paid last 24h −0.081%

Price spread now: Kraken Futures against GMX+0.077%7-day average −0.003% · you sell dearer than you buy

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.363%−$36 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.077%, 7d avg −0.003%

Together, before fees−0.476%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.080% dearer against GMX than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.003%): +$8 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 3 days (−0.363% in total) that is about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	10.548	L +0.0444% / S −0.0271%	pay 0.0056% / 1h	24m 25s	$231K	—	120x
Short	Kraken Futures PF_AVAXUSD	10.556	−0.0283	pay 0.0035% / 1h	24m 25s	$4.2M	$11.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GMX. 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 GMXbpFee Kraken FuturesbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$152.66
Price spread: +0.077% → −0.003%: $8.02
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$166.64
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 5 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 GMX no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	1.89 bp	8.7 bp −$9	13.9 bp −$139	55.5 bp −$5,551	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 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	10.760	+2.009%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSDshort	−0.0283%	1h	10.556	+0.077%	$4.2M	$11.5M	50x
Nado AVAX-PERP	−0.0055%	1h	10.541	−0.067%	$287K	$339K	10x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	−0.126%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.540	−0.076%	$87K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.551	+0.028%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.548	0.000%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.544	−0.039%	$12.1M	$32.7M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0043%	1h	10.533	−0.143%	$367K	$563K	15x	as long as short
Bybit AVAXUSDT	+0.0074%	8h	10.542	−0.058%	$77.9M	$145.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0083%	1h	10.548	−0.001%	$131K	$355K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.537	−0.103%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.550	+0.018%	$18K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.545	−0.032%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.553	+0.051%	$37.8M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.541	−0.064%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.542	−0.058%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.551	+0.028%	$112.3M	$430.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.550	+0.018%	$18.5M	$111.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.550	+0.018%	$43.4M	$80.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.547	−0.010%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.550	+0.018%	$32.0M	$49.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.548	−0.001%	—	$54.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.602	+0.511%	$340K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.559	+0.103%	$170K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.553	+0.046%	$167K	$321K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.582	+0.317%	$12K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.552	+0.037%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.540	−0.082%	$343K	$803K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.542	−0.058%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.548	−0.005%	$634K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.550	+0.018%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.555	+0.065%	$827K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.543	−0.048%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.545	−0.026%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0444% / S −0.0271%	1h	10.548	long leg	$231K	—	120x