AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0070%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h +0.017%

Price spread now: GMX against Coinbase International+0.023%7-day average −0.016% · you sell dearer than you buy

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.023%, 7d avg −0.016%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.039% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	10.702	0.0224	pay 0.0028% / 1h	17m 33s	$850K	$4.7M	50x
Short	GMX AVAX/USD [AVAX-USDC]	10.704	L +0.0443% / S −0.0294%	get 0.0037% / 1h	17m 33s	$226K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $14.7
Price spread: +0.023% → −0.016%: $3.9
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$3.4
Costs to cover: 0.220%
Break-even: 8.6 days

Slippage unknown: Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago	2.80 bp	12.3 bp −$12	17.5 bp −$175	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
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.703	+0.013%	$3.8M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0173%	1h	10.703	+0.005%	$289K	$329K	10x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.667	−0.330%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.706	+0.033%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.706	+0.037%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.704	+0.022%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0011%	8h	10.704	+0.019%	$13.2M	$30.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.542%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0090%	8h	10.704	+0.020%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.704	+0.017%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.703	+0.009%	$25K	$468K	50x	as long as short
Bybit AVAXUSDT	+0.0099%	8h	10.705	+0.028%	$81.8M	$139.6M	75x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.712	+0.093%	$36.7M	$41.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.706	+0.033%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.711	+0.083%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.707	+0.046%	$113.2M	$406.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.704	+0.019%	$18.8M	$107.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.709	+0.065%	$50.0M	$80.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.706	+0.037%	$13.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.707	+0.047%	$32.5M	$46.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.705	+0.028%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.706	+0.037%	$436K	$547K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.673	−0.271%	$343K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.681	−0.196%	$172K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.704	+0.019%	$134K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.710	+0.075%	$232K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.733	+0.291%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.701	−0.009%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.700	−0.014%	$326K	$863K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.701	−0.009%	$28.5M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.701	−0.007%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.697	−0.048%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.696	−0.056%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0224%	1h	10.702	long leg	$850K	$4.7M	50x
Reya AVAXRUSDPERP	+0.0245%	1h	10.698	−0.034%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0443% / S −0.0294%	1h	10.704	+0.023%	$226K	—	120x