AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0340%/8h= −37.3% APRnext payment −$0.43 per $10,000 · paid last 24h −0.084%

Price spread now: Popdex against GMX−0.151%49s7-day average −0.039% · you buy dearer than you sell

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

Long on GMX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.318%−$32 on $10k

Price spread, last 4 days (all we have)+0.400%+$40 · spread now −0.151%, 7d avg −0.039%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Popdex is 0.112% cheaper against GMX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.039%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	11.165	L +0.0436% / S −0.0295%	pay 0.0055% / 1h	27m 30s	$237K	—	120x
Short	Popdex AVAXUSDT	11.148	0.0096	get 0.0012% / 1h	27m 30s	$15K	$564K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.151%Rate

Funding earned: −$71.49
Price spread: −0.151% → −0.039%: −$11.2
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$101.09
Costs to cover: 0.184%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Popdex: live order book, 36 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 Popdex live order book, 36 min ago	0.45 bp	4.9 bp −$5	14.0 bp −$140	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	−0.1374%	1h	11.120	−0.402%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0079%	1h	11.148	−0.146%	$287K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.160	−0.043%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.151	−0.122%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.147	−0.160%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.165	−0.002%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.150	−0.135%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDTshort	+0.0096%	1h	11.148	−0.151%	$15K	$564K	50x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.152	−0.119%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.155	−0.091%	$2.3M	$1.2M	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	11.155	−0.085%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.146	−0.166%	$119.1M	$432.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.142	−0.205%	$88.5M	$138.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.148	−0.151%	$20.1M	$117.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.155	−0.088%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.149	−0.142%	$47.9M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.151	−0.124%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.150	−0.133%	$33.4M	$48.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.148	−0.151%	—	$81.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.168	+0.028%	$357K	$496K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.168	+0.030%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.169	+0.037%	$358K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.179	+0.127%	$180K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.150	−0.133%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.170	+0.046%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.191	+0.232%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.161	−0.034%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.180	+0.131%	$366K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.160	−0.043%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.153	−0.106%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.158	−0.061%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.162	−0.025%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.182	+0.154%	$899K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.145	−0.178%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0436% / S −0.0295%	1h	11.165	long leg	$237K	—	120x
Hyperliquid AVAX	+0.0499%	1h	11.165	+0.001%	$43.4M	$43.1M	10x	as long as short