AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0319%/8h= −35.0% APRnext payment −$0.40 per $10,000 · paid last 24h −0.085%

Price spread now: ApeX Omni against GMX−0.097%68s7-day average −0.028% · you buy dearer than you sell

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

Long on GMX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.304%−$30 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.097%, 7d avg −0.028%

Together, before fees−0.191%−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and ApeX Omni is 0.069% cheaper against GMX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	11.255	L +0.0419% / S −0.0272%	pay 0.0052% / 1h	43m 38s	$237K	—	120x
Short	ApeX Omni AVAXUSDT	11.244	0.0100	get 0.0013% / 1h	43m 38s	$181K	$684K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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 GMXbpFee ApeX OmnibpOrdersPrice spread, now −0.097%Rate

Funding earned: −$67.05
Price spread: −0.097% → −0.028%: −$6.86
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$95.9
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 35 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 35 min ago	5.77 bp	13.1 bp −$13	93.2 bp −$932	doesn't fit	doesn't fit

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	−0.1451%	1h	11.210	−0.399%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.247	−0.070%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0088%	1h	11.245	−0.083%	$297K	$885K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.253	−0.021%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.255	+0.001%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0062%	8h	11.258	+0.029%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.249	−0.050%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.253	−0.017%	$18K	$676K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.245	−0.085%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.249	−0.052%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.253	−0.019%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.249	−0.052%	$120.4M	$517.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.249	−0.052%	$89.5M	$155.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.246	−0.079%	$20.2M	$144.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.248	−0.061%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.249	−0.052%	$52.2M	$93.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.253	−0.017%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.247	−0.070%	$34.3M	$59.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.247	−0.070%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.254	−0.008%	$360K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.249	−0.055%	$359K	$864K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.244	−0.097%	$181K	$684K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.256	+0.010%	$134K	$438K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.256	+0.010%	$205K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.285	+0.268%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.247	−0.070%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.248	−0.066%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.250	−0.043%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.244	−0.092%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.244	−0.094%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.248	−0.061%	$5.0M	$7.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.252	−0.025%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.253	−0.017%	$4.6M	$13.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.261	+0.054%	$917K	$8.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0419% / S −0.0272%	1h	11.255	long leg	$237K	—	120x
Hyperliquid AVAX	+0.0861%	1h	11.263	+0.072%	$43.7M	$55.3M	10x	as long as short