AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0173%/8h= +18.9% APRnext payment +$0.22 per $10,000 · paid last 24h −0.042%

Price spread now: GMX against Hyperliquid+0.072%7-day average −0.015% · you sell dearer than you buy

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

Long on Hyperliquid Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.072%, 7d avg −0.015%

Together, before fees−0.090%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.087% dearer against Hyperliquid than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AVAX	10.646	0.0100	pay 0.0013% / 1h	35m 05s	$38.0M	$43.5M	10x
Short	GMX AVAX/USD [AVAX-USDC]	10.654	L +0.0444% / S −0.0273%	get 0.0034% / 1h	35m 05s	$232K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $36.31
Price spread: +0.072% → −0.015%: $8.73
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $24.03
Costs to cover: 0.210%
Break-even: 2.4 days

Slippage unknown: Hyperliquid: live order book, 8 min ago; GMX: no order-book sample. 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 Hyperliquid live order book, 8 min ago	0.94 bp	6.5 bp −$6	11.3 bp −$113	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	+1.071%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0280%	1h	10.659	+0.125%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0026%	1h	10.654	+0.075%	$291K	$338K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.649	+0.025%	$88K	$106K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.658	+0.113%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.655	+0.085%	$12K	—	150x	as long as short
Variational Omni AVAX	+0.0008%	8h	10.633	−0.124%	$2.8M	$2.1M	—	as long as short
Gate AVAX_USDT	+0.0034%	8h	10.652	+0.056%	$12.2M	$32.5M	75x	as long as short
Polymarket Perps AVAX-USD	+0.0084%	1h	10.657	+0.103%	$133K	$355K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.653	+0.065%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.657	+0.103%	$18K	$448K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.649	+0.026%	$12K	$212	20x	as long as short
Hyperliquid AVAXlong	+0.0100%	1h	10.646	long leg	$38.0M	$43.5M	10x
Aster AVAXUSDT	+0.0100%	8h	10.645	−0.009%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.650	+0.038%	$268K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.638	−0.079%	$113.0M	$431.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.619	−0.254%	$78.7M	$144.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.625	−0.197%	$18.7M	$112.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.646	0.000%	$42.4M	$79.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.652	+0.056%	$13.3M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.636	−0.094%	$32.0M	$49.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.638	−0.075%	—	$54.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.641	−0.047%	$370K	$538K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.624	−0.205%	$336K	$957K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.627	−0.178%	$172K	$664K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.660	+0.132%	$169K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.684	+0.361%	$11K	$756K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.654	+0.075%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.653	+0.070%	$344K	$794K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.655	+0.085%	$28.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.650	+0.035%	$641K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.651	+0.050%	$245K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.655	+0.085%	$841K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.650	+0.038%	$4.7M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.651	+0.051%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0444% / S −0.0273%	1h	10.654	+0.072%	$232K	—	120x