AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0336%/8h= −36.8% APRnext payment −$0.42 per $10,000 · paid last 24h −0.082%

Price spread now: Pacifica against GMX+0.036%7-day average −0.044% · you sell dearer than you buy

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

Long on GMX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.321%−$32 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.036%, 7d avg −0.044%

Together, before fees−0.323%+ Points / potential airdropPacifica: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.080% dearer against GMX than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.044%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	10.927	L +0.0436% / S −0.0287%	pay 0.0055% / 1h	23m 39s	$234K	—	120x
Short	Pacifica AVAX	10.931	0.0100	get 0.0013% / 1h	23m 39s	$275K	$131K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PacificabpOrdersPrice spread, now +0.036%Rate

Funding earned: −$70.66
Price spread: +0.036% → −0.044%: $8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$82.66
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Pacifica: live order book, 30 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 Pacifica live order book, 30 min ago	4.54 bp	12.6 bp −$13	26.0 bp −$260	doesn't fit	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	−0.1421%	1h	10.890	−0.339%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0025%	1h	10.925	−0.019%	$5.0M	$7.7M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.926	−0.006%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.927	−0.001%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.928	+0.007%	$4.2M	$11.1M	50x	as long as short
Nado AVAX-PERP	+0.0030%	1h	10.924	−0.033%	$284K	$317K	10x	as long as short
Gate AVAX_USDT	+0.0094%	8h	10.927	−0.001%	$12.2M	$32.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.928	+0.008%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.927	−0.001%	$15K	$452K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.925	−0.016%	$12K	$212	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	10.932	+0.046%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	10.931	+0.036%	$275K	$131K	10x
Binance AVAXUSDT	+0.0100%	8h	10.926	−0.010%	$114.9M	$424.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.921	−0.055%	$83.0M	$140.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.926	−0.010%	$19.9M	$112.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.927	−0.001%	$45.4M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.929	+0.018%	$15.2M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.924	−0.028%	$33.0M	$47.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.924	−0.028%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.926	−0.010%	$371K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.927	+0.004%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.942	+0.140%	$345K	$939K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.943	+0.146%	$176K	$666K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.928	+0.009%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.932	+0.045%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.957	+0.279%	$11K	$724K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.925	−0.019%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.925	−0.023%	$363K	$779K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.926	−0.010%	$29.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.920	−0.060%	$675K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.925	−0.023%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.929	+0.018%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.943	+0.146%	$890K	$5.1M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.924	−0.032%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0288%	1h	10.940	+0.118%	$42.0M	$40.2M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0436% / S −0.0287%	1h	10.927	long leg	$234K	—	120x