Spread before costs (cost unknown: a leg has no order-book sample)+0.057%
7d average+0.036%if it closes, per $10,000$6funding while held, a day+$4.74
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack AVAX_USDC_PERP | 11.192 | 0.0078 | pay 0.0010% / 1h | 8m 19s | $321K | $611K | 15x |
| Short | GMX AVAX/USD [AVAX-USDC] | 11.198 | L +0.0403% / S −0.0236% | get 0.0030% / 1h | 8m 19s | $237K | — | 120x |
Backpack AVAX_USDC_PERP
GMX AVAX/USD [AVAX-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $5.7
- Funding while held
- $4.74
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$11.56
- Spread needed to break even
- 0.220%
Slippage unknown: Backpack: live order book, 42 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0158%
- Per $10,000 a day
- +$4.74
- Average in range /8h
- —
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 Backpack live order book, 42 min ago | 1.79 bp | 9.4 bp −$9 | 33.5 bp −$335 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective11.170cheapestHTX11.186+0.142%Bybit11.186+0.143%Extended11.187+0.150%Variational Omni11.187+0.152%OKX11.188+0.161%Reya11.188+0.162%SoDEX11.190+0.179%Phemex11.190+0.179%BloFin11.190+0.179%Bitget11.192+0.197%BingX11.192+0.197%
Injective
HTX
Bybit
Extended
Variational Omni
OKX
Reya
SoDEX
Phemex
BloFin
Bitget
BingXBackpack11.192+0.197%
Deribit11.192+0.197%Binance11.193+0.205%Aevo11.194+0.215%Aster11.196+0.233%MEXC11.197+0.242%ApeX Omni11.197+0.242%Lighter11.197+0.244%Orderly11.198+0.251%Coinbase International11.198+0.251%
Deribit
Binance
Aevo
Aster
MEXC
ApeX Omni
Lighter
Orderly
Coinbase InternationalGMX11.198+0.254%
gTrade (Gains Network)11.199+0.260%Nado11.200+0.264%Pacifica11.200+0.265%dYdX11.200+0.269%Gate11.200+0.269%Paradex11.200+0.271%Popdex11.201+0.278%Kraken Futures11.202+0.283%KuCoin11.202+0.286%Polymarket Perps11.204+0.304%Hyperliquid11.206+0.322%SunX11.220+0.446%
gTrade (Gains Network)
Nado
Pacifica
dYdX
Gate
Paradex
Popdex
Kraken Futures
KuCoin
Polymarket Perps
Hyperliquid
SunXAVAX on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective AVAX/USDC PERP | −0.197% | −0.0022% | 1h | $17K | $79K | 12x | as long as short |
| HTX AVAX-USDT | −0.055% | +0.0100% | 8h | $360K | $1.4M | 75x | as long as short |
| Bybit AVAXUSDT | −0.054% | −0.0046% | 8h | $87.9M | $170.2M | 75x | as long as short |
| Extended AVAX-USD | −0.047% | +0.0104% | 1h | $661K | $2.4M | 25x | as long as short |
| Variational Omni AVAX | −0.045% | −0.0204% | 8h | $3.0M | $3.1M | — | as long as short |
| OKX AVAX-USDT-SWAP | −0.036% | +0.0002% | 8h | $20.9M | $179.4M | 50x | as long as short |
| Reya AVAXRUSDPERP | −0.035% | +0.0243% | 1h | $1K | — | 20x | as long as short |
| SoDEX AVAX-USD | −0.018% | −0.0172% | 1h | $19K | $76K | 10x | as long as short |
| Phemex AVAXUSDT | −0.018% | +0.0025% | 8h | $30.0M | $4.8M | 50x | as long as short |
| BloFin AVAX-USDT | −0.018% | +0.0075% | 8h | $5.3M | $11.6M | 100x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget AVAXUSDT | 0.000% | +0.0067% | 8h | $35.0M | $76.3M | 75x | as long as short |
| BingX AVAX-USDT | 0.000% | +0.0066% | 8h | — | $106.6M | — | as long as short |
| Backpack AVAX_USDC_PERPlong | 0.000% | +0.0078% | 1h | $321K | $611K | 15x | |
| Deribit AVAX_USDC-PERPETUAL | 0.000% | −0.0286% | 1h | $5.3M | $12.0M | 25x | as long as short |
| Binance AVAXUSDT | +0.008% | +0.0019% | 8h | $122.2M | $652.4M | 75x | as long as short |
| Aevo AVAX-PERP | +0.018% | +0.0088% | 1h | $257K | — | 3x | as long as short |
| Aster AVAXUSDT | +0.036% | +0.0034% | 8h | $2.3M | $2.7M | 75x | as long as short |
| MEXC AVAX_USDT | +0.045% | +0.0018% | 8h | $55.6M | $161.4M | 200x | as long as short |
| ApeX Omni AVAXUSDT | +0.045% | +0.0100% | 1h | $140K | $737K | 50x | as long as short |
| Lighter AVAX | +0.046% | +0.0096% | 1h | $1.3M | $3.3M | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.054% | +0.0100% | 8h | $197K | $404K | 20x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.054% | +0.0176% | 1h | $854K | $10.9M | 50x | as long as short |
| GMX AVAX/USD [AVAX-USDC]short | +0.057% | L +0.0403% / S −0.0236% | 1h | $237K | — | 120x | |
| gTrade (Gains Network) AVAX/USD | +0.063% | L +0.0002% / S −0.0003% | 1h | $13K | — | 150x | as long as short |
| Nado AVAX-PERP | +0.067% | +0.0074% | 1h | $316K | $1.4M | 10x | as long as short |
| Pacifica AVAX | +0.068% | +0.0100% | 1h | $302K | $137K | 10x | as long as short |
| dYdX AVAX-USD | +0.071% | 0.0000% | 1h | $64K | $175K | 10x | as long as short |
| Gate AVAX_USDT | +0.071% | −0.0067% | 8h | $12.5M | $50.3M | 75x | as long as short |
| Paradex AVAX-USD-PERP | +0.074% | +0.0054% | 8h | $13K | $2K | 20x | as long as short |
| Popdex AVAXUSDT | +0.080% | +0.0096% | 1h | $16K | $908K | 50x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.086% | +0.0241% | 1h | $4.5M | $18.3M | 50x | as long as short |
| KuCoin AVAXUSDTM | +0.089% | +0.0100% | 8h | $15.4M | $27.5M | 75x | as long as short |
| Polymarket Perps AVAX-USD | +0.107% | +0.0017% | 1h | $111K | $513K | 10x | as long as short |
| Hyperliquid AVAX | +0.125% | +0.0152% | 1h | $43.2M | $68.9M | 10x | as long as short |
| SunX AVAX-USDT | +0.248% | +0.0100% | 8h | $12K | $714K | 20x | as long as short |