AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0318%/8h= +34.8% APRnext payment +$0.40 per $10,000 · paid last 24h +0.181%

Price spread now: GMX against Deribit−0.005%7-day average +0.075% · you buy dearer than you sell

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.654%+$65 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now −0.005%, 7d avg +0.075%

Together, before fees+0.826%+$83 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.081% cheaper against Deribit than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.075%). If the spread goes back, that is −$8 on $10k: about 20 hours of funding at the current rate (+$10 a day). At the pace of the last 3 days (+0.654% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	10.986	−0.0023	get 0.0003% / 1h	14m 28s	$5.1M	$7.9M	25x
Short	GMX AVAX/USD [AVAX-USDC]	10.985	L +0.0436% / S −0.0295%	get 0.0037% / 1h	14m 28s	$233K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $66.75
Price spread: −0.005% → +0.075%: −$8.09
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $39.66
Costs to cover: 0.190%
Break-even: 2.8 days

Slippage unknown: Deribit: live order book, 5 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 Deribit live order book, 5 min ago	3.18 bp	6.7 bp −$7	98.2 bp −$982	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
Injective AVAX/USDC PERP	−0.1423%	1h	10.990	+0.036%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0023%	1h	10.986	long leg	$5.1M	$7.9M	25x
Nado AVAX-PERP	−0.0013%	1h	10.978	−0.068%	$286K	$371K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.982	−0.039%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.986	+0.001%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	10.981	−0.049%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.980	−0.055%	$15K	$550K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.979	−0.060%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.979	−0.059%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.985	−0.013%	$286K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	10.979	−0.064%	$115.6M	$430.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.974	−0.109%	$85.0M	$139.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.980	−0.055%	$20.2M	$114.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.981	−0.046%	$12.1M	$34.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.980	−0.055%	$46.2M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.986	0.000%	$15.4M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.975	−0.100%	$32.9M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.979	−0.064%	—	$78.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.985	−0.009%	$330K	$525K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.963	−0.213%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.041	+0.499%	$352K	$874K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.040	+0.492%	$178K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.980	−0.055%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.991	+0.046%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.015	+0.265%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.987	+0.009%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.993	+0.068%	$366K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.991	+0.046%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.974	−0.109%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.982	−0.038%	$252K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	10.990	+0.033%	$4.2M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.991	+0.046%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.977	−0.082%	$889K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.975	−0.102%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0436% / S −0.0295%	1h	10.985	−0.005%	$233K	—	120x
Hyperliquid AVAX	+0.0510%	1h	10.993	+0.064%	$42.6M	$42.1M	10x	as long as short