AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0554%/8h= +60.7% APRnext payment +$0.69 per $10,000 · paid last 24h +0.037%

Price spread now: GMX against Kraken Futures0.000%54s7-day average +0.003% · you sell dearer than you buy

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.201%+$20 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now 0.000%, 7d avg +0.003%

Together, before fees+0.236%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate. The two prices were read 54 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	Kraken Futures PF_AVAXUSD	10.545	−0.0283	get 0.0035% / 1h	25m 22s	$4.2M	$11.5M	50x
Short	GMX AVAX/USD [AVAX-USDC]	10.545	L +0.0444% / S −0.0271%	get 0.0034% / 1h	25m 22s	$231K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $116.4
Price spread: 0.000% → +0.003%: −$0.3
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $94.09
Costs to cover: 0.220%
Break-even: 1.3 days

Slippage unknown: Kraken Futures: live order book, 4 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 Kraken Futures live order book, 4 min ago	1.89 bp	11.9 bp −$12	18.6 bp −$186	53.1 bp −$5,308	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	+2.042%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSDlong	−0.0283%	1h	10.545	long leg	$4.2M	$11.5M	50x
Nado AVAX-PERP	−0.0057%	1h	10.541	−0.031%	$287K	$339K	10x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	−0.094%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.559	+0.134%	$88K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.541	−0.035%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.544	−0.006%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0026%	8h	10.540	−0.045%	$12.1M	$32.7M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0054%	1h	10.549	+0.041%	$367K	$563K	15x	as long as short
Bybit AVAXUSDT	+0.0077%	8h	10.537	−0.073%	$77.8M	$144.9M	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	+0.0081%	1h	10.544	−0.007%	$131K	$355K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.557	+0.119%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.546	+0.012%	$18K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.566	+0.199%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.550	+0.049%	$37.8M	$44.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.542	−0.030%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.561	+0.154%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.546	+0.014%	$112.2M	$430.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.541	−0.035%	$18.5M	$111.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.545	+0.003%	$43.0M	$80.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.539	−0.054%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.542	−0.026%	$31.9M	$49.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.544	−0.007%	—	$54.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.602	+0.543%	$340K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.559	+0.135%	$170K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.549	+0.041%	$167K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.570	+0.244%	$12K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.541	−0.035%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.534	−0.102%	$342K	$803K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.539	−0.054%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.547	+0.022%	$635K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.540	−0.040%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.541	−0.035%	$826K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.530	−0.140%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.540	−0.041%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0444% / S −0.0271%	1h	10.545	0.000%	$231K	—	120x