AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1721%/8h= +188.5% APRnext payment +$2.15 per $10,000 · paid last 24h +0.201%

Price spread now: GMX against Injective+0.577%57s7-day average +0.300% · you sell dearer than you buy

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

Long on Injective Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.468%+$47 on $10k

Price spread, last 3 days (all we have)−1.541%−$154 · spread now +0.577%, 7d avg +0.300%

Together, before fees−1.072%−$107 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$52 a day on $10k at the current rate, and GMX is 0.277% dearer against Injective than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.300%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.468% in total (about 54.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.15 per $10,000. 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	Injective AVAX/USDC PERP	11.200	−0.1451	get 0.0181% / 1h	46m 12s	$17K	$151K	12x
Short	GMX AVAX/USD [AVAX-USDC]	11.265	L +0.0419% / S −0.0271%	get 0.0034% / 1h	46m 12s	$237K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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 InjectivebpFee GMXbpOrdersPrice spread, now +0.577%Rate

Funding earned: $361.51
Price spread: +0.577% → +0.300%: $27.67
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: $377.16
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: live order book, 32 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 Injective live order book, 32 min ago	40.02 bp	57.7 bp −$58	doesn't fit	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 PERPlong	−0.1451%	1h	11.200	long leg	$17K	$151K	12x
Nado AVAX-PERP	−0.0094%	1h	11.261	+0.540%	$297K	$885K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0016%	1h	11.260	+0.536%	$5.3M	$8.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.260	+0.536%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.265	+0.579%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0051%	8h	11.270	+0.626%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.262	+0.557%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.259	+0.527%	$18K	$676K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.258	+0.521%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.262	+0.551%	$2.3M	$1.8M	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	11.265	+0.580%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.261	+0.542%	$120.6M	$518.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.260	+0.536%	$89.6M	$155.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.256	+0.500%	$20.3M	$145.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.259	+0.527%	$12.3M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.259	+0.527%	$52.2M	$93.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.267	+0.598%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.262	+0.554%	$34.3M	$59.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.264	+0.571%	—	$86.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.260	+0.536%	$360K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.249	+0.435%	$359K	$864K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.276	+0.679%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.262	+0.554%	$134K	$439K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.269	+0.616%	$205K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.290	+0.803%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.260	+0.536%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.259	+0.531%	$364K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.261	+0.545%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.258	+0.518%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.261	+0.549%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.243	+0.384%	$5.0M	$7.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.258	+0.518%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0269%	1h	11.267	+0.598%	$4.6M	$13.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.266	+0.589%	$917K	$8.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0419% / S −0.0271%	1h	11.265	+0.577%	$237K	—	120x
Hyperliquid AVAX	+0.0857%	1h	11.280	+0.714%	$43.7M	$55.3M	10x	as long as short