AVAX

Alert

Funding spread now, next payment 19:00 UTC+0.0317%/8h

paid, last 24h+0.049%paid, last 3 days+0.063%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.063% in total (about 7.9% a year). A funding rate is set anew for every payment. 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	Phemex AVAXUSDT	10.942	−0.0073	get 0.0073% / 8h	5h 51m	$29.3M	$5.0M	50x
Short	GMX AVAX/USD [AVAX-USDC]	10.940	L +0.0410% / S −0.0244%	get 0.0030% / 1h	51m 02s	$235K	—	120x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee GMXbpOrdersRate

Funding earned: $66.57
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $42.57
Break-even: 2.5 days

Slippage unknown: Phemex: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.014%
Avg gap 7d: +0.025%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Phemex live order book, 4 min ago	7.80 bp	18.3 bp −$18	28.0 bp −$280	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 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni AVAX	−0.0306%	8h	$2.9M	$2.2M	—	as long as short
Nado AVAX-PERP	−0.0241%	1h	$321K	$1.0M	10x	as long as short
Bybit AVAXUSDT	−0.0232%	8h	$86.3M	$154.9M	75x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0207%	1h	$5.1M	$10.3M	25x	as long as short
Backpack AVAX_USDC_PERP	−0.0187%	1h	$305K	$551K	15x	as long as short
Gate AVAX_USDT	−0.0105%	8h	$12.1M	$41.2M	75x	as long as short
Phemex AVAXUSDTlong	−0.0073%	8h	$29.3M	$5.0M	50x
OKX AVAX-USDT-SWAP	−0.0065%	8h	$19.0M	$149.4M	50x	as long as short
Aster AVAXUSDT	−0.0024%	8h	$2.2M	$2.2M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0004%	1h	$4.5M	$14.5M	50x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX AVAX-USD	0.0000%	1h	$71K	$133K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	$12K	—	150x	as long as short
Binance AVAXUSDT	+0.0014%	8h	$117.5M	$565.7M	75x	as long as short
MEXC AVAX_USDT	+0.0014%	8h	$53.8M	$124.2M	200x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	$17K	$35K	12x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0040%	1h	$809K	$8.6M	50x	as long as short
Bitget AVAXUSDT	+0.0042%	8h	$33.5M	$64.8M	75x	as long as short
BingX AVAX-USDT	+0.0043%	8h	—	$99.0M	—	as long as short
BloFin AVAX-USDT	+0.0056%	8h	$5.0M	$9.4M	100x	as long as short
Paradex AVAX-USD-PERP	+0.0069%	8h	$12K	$1K	20x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	$251K	—	3x	as long as short
Lighter AVAX	+0.0096%	1h	$1.2M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	$10K	$759K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	$40.5M	$61.9M	10x	as long as short
Pacifica AVAX	+0.0100%	1h	$295K	$137K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	$14.8M	$25.1M	75x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	$176K	$723K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	$108K	$498K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	$192K	$401K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	$12K	$687K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	$18K	$76K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	$348K	$1.3M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	$611K	$2.2M	25x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0410% / S −0.0244%	1h	$235K	—	120x