Funding you earn now, next payment 07:00 UTC−0.0344%/8h= −37.7% APRnext payment −$0.43 per $10,000 · paid last 24h −0.086%
Price spread now: Polymarket Perps against GMX−0.208%54s7-day average −0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.330%−$33 on $10k
+Price spread, last 4 days (all we have)+0.295%+$30 · spread now −0.208%, 7d avg −0.020%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Polymarket Perps is 0.187% cheaper against GMX than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.020%). Swap the legs. The two prices were read 54 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] | 10.716 | L +0.0444% / S −0.0295% | pay 0.0056% / 1h | 48m 26s | $227K | — | 120x |
| Short | Polymarket Perps AVAX-USD | 10.694 | 0.0100 | get 0.0013% / 1h | 48m 26s | $136K | $354K | 10x |
GMX AVAX/USD [AVAX-USDC]
Polymarket Perps AVAX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$72.29
- Price spread: −0.208% → −0.020%
- −$18.73
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$111.02
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 59 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 Polymarket Perps live order book, 59 min ago | 2.84 bp | 8.2 bp −$8 | 9.9 bp −$99 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado AVAX-PERP | −0.0192% | 1h | 10.709 | −0.072% | $287K | $339K | 10x | as long as short |
| Variational Omni AVAX | −0.0038% | 8h | 10.723 | +0.061% | $2.8M | $2.1M | — | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.707 | −0.090% | $89K | $117K | 10x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | 0.0000% | 1h | 10.714 | −0.021% | $4.8M | $7.2M | 25x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.717 | +0.007% | $12K | — | 150x | as long as short |
| Injective AVAX/USDC PERP | +0.0033% | 1h | 10.760 | +0.408% | $17K | $152K | 12x | as long as short |
| Gate AVAX_USDT | +0.0036% | 8h | 10.703 | −0.124% | $12.7M | $32.0M | 75x | as long as short |
| SoDEX AVAX-USD | +0.0093% | 1h | 10.711 | −0.049% | $18K | $72K | 10x | as long as short |
| Paradex AVAX-USD-PERP | +0.0093% | 8h | 10.705 | −0.108% | $12K | $212 | 20x | as long as short |
| Bybit AVAXUSDT | +0.0094% | 8h | 10.692 | −0.226% | $81.6M | $147.3M | 75x | as long as short |
Nado AVAX-PERP
Variational Omni AVAX
dYdX AVAX-USD
Deribit AVAX_USDC-PERPETUAL
gTrade (Gains Network) AVAX/USD
Injective AVAX/USDC PERP
Gate AVAX_USDT
SoDEX AVAX-USD
Paradex AVAX-USD-PERP
Bybit AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter AVAX | +0.0096% | 1h | 10.703 | −0.127% | $1.2M | $2.5M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 10.692 | −0.226% | $23K | $428K | 50x | as long as short |
| Hyperliquid AVAX | +0.0100% | 1h | 10.702 | −0.133% | $37.4M | $43.9M | 10x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.697 | −0.180% | $2.2M | $1.0M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.705 | −0.105% | $269K | $132K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 10.694 | −0.210% | $113.7M | $427.6M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.689 | −0.254% | $18.7M | $112.9M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.693 | −0.217% | $44.7M | $80.3M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.694 | −0.208% | $13.6M | $22.9M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.692 | −0.226% | $32.5M | $48.7M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 10.694 | −0.208% | — | $53.8M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.718 | +0.016% | $428K | $561K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 10.716 | −0.005% | $340K | $1.0M | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 10.722 | +0.054% | $173K | $663K | 50x | as long as short |
| Polymarket Perps AVAX-USDshort | +0.0100% | 1h | 10.694 | −0.208% | $136K | $354K | 10x | |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.720 | +0.035% | $231K | $351K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 10.740 | +0.222% | $12K | $763K | 20x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.717 | +0.012% | $343K | $873K | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 10.712 | −0.040% | $28.6M | $5.8M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.696 | −0.188% | $609K | $1.5M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.707 | −0.085% | $246K | — | 3x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0113% | 1h | 10.718 | +0.015% | $4.2M | $11.3M | 50x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0200% | 1h | 10.725 | +0.082% | $933K | $5.1M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.710 | −0.058% | $4.7M | $5.6M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0245% | 1h | 10.689 | −0.256% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC]long | L +0.0444% / S −0.0295% | 1h | 10.716 | long leg | $227K | — | 120x |
Lighter AVAX
Popdex AVAXUSDT
Hyperliquid AVAX
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
Kraken Futures PF_AVAXUSD
Coinbase International AVAX-PERP-INTX
BloFin AVAX-USDT
Reya AVAXRUSDPERP