AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.25 per $10,000 · paid last 24h +0.042%

Price spread now: GMX against Lighter+0.023%7-day average +0.074% · you sell dearer than you buy

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.188%+$19 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.023%, 7d avg +0.074%

Together, before fees+0.165%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.051% cheaper against Lighter than usual: you would sell low and buy high (spread +0.023% now, against its 7-day average of +0.074%). If the spread goes back, that is −$5 on $10k: about 21 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	10.735	0.0096	pay 0.0012% / 1h	15m 42s	$1.2M	$2.5M	10x
Short	GMX AVAX/USD [AVAX-USDC]	10.738	L +0.0443% / S −0.0294%	get 0.0037% / 1h	15m 42s	$227K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. 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 LighterbpFee GMXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $41.58
Price spread: +0.023% → +0.074%: −$5.11
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $24.48
Costs to cover: 0.120%
Break-even: 2.9 days

Slippage unknown: Lighter: live order book, 11 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 Lighter live order book, 11 min ago	2.75 bp	3.2 bp −$3	11.8 bp −$118	72.1 bp −$7,209	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
Nado AVAX-PERP	−0.0198%	1h	10.736	+0.008%	$282K	$341K	10x	as long as short
Variational Omni AVAX	−0.0059%	8h	10.732	−0.032%	$2.8M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0029%	1h	10.738	+0.027%	$4.8M	$7.1M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.738	+0.026%	$92K	$119K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.741	+0.058%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.730	−0.048%	$12.9M	$32.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.232%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0084%	1h	10.736	+0.008%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.735	−0.001%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0087%	8h	10.733	−0.020%	$81.8M	$146.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAXlong	+0.0096%	1h	10.735	long leg	$1.2M	$2.5M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.738	+0.027%	$21K	$446K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.745	+0.092%	$37.3M	$43.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.735	−0.001%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.742	+0.062%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.737	+0.018%	$114.0M	$423.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.733	−0.020%	$18.9M	$112.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.736	+0.008%	$45.5M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.737	+0.018%	$13.8M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.732	−0.029%	$32.5M	$48.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.729	−0.057%	—	$54.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.736	+0.008%	$438K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.747	+0.111%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.740	+0.046%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.736	+0.008%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.742	+0.064%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.763	+0.264%	$11K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.736	+0.004%	$326K	$907K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.739	+0.036%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.726	−0.081%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.732	−0.032%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.736	+0.006%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.747	+0.111%	$857K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.734	−0.010%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.735	+0.002%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0443% / S −0.0294%	1h	10.738	+0.023%	$227K	—	120x