AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0087%/8h= +9.5% APRnext payment +$0.11 per $10,000 · paid last 24h −0.025%

Price spread now: GMX against Hyperliquid−0.117%7-day average −0.022% · you buy dearer than you sell

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

Long on Hyperliquid Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.117%, 7d avg −0.022%

Together, before fees+0.113%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.095% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.022%). If the spread goes back, that is −$9 on $10k: about 3.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AVAX	10.940	0.0230	pay 0.0029% / 1h	9m 54s	$36.6M	$31.4M	10x
Short	GMX AVAX/USD [AVAX-USDC]	10.927	L +0.0464% / S −0.0317%	get 0.0040% / 1h	9m 54s	$242K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hyperliquid. 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 HyperliquidbpFee GMXbpOrdersPrice spread, now −0.117%Rate

Funding earned: $18.28
Price spread: −0.117% → −0.022%: −$9.5
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$12.22
Costs to cover: 0.210%
Break-even: 11.7 days

Slippage unknown: Hyperliquid: live order book, 6 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 Hyperliquid live order book, 6 min ago	0.46 bp	6.0 bp −$6	11.2 bp −$112	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 exchanges

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
Variational Omni AVAX	−0.0162%	8h	10.916	−0.215%	$3.1M	$1.9M	—	as long as short
Kraken Futures PF_AVAXUSD	−0.0113%	1h	10.930	−0.095%	$3.8M	$10.2M	50x	as long as short
Gate AVAX_USDT	−0.0082%	8h	10.933	−0.064%	$15.2M	$25.0M	75x	as long as short
Bybit AVAXUSDT	−0.0080%	8h	10.931	−0.082%	$85.6M	$127.5M	75x	as long as short
Polymarket Perps AVAX-USD	−0.0044%	1h	10.921	−0.174%	$60K	$325K	10x	as long as short
Nado AVAX-PERP	−0.0011%	1h	10.903	−0.334%	$278K	$256K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.931	−0.083%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.928	−0.110%	$5.0M	$6.4M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.927	−0.117%	$24K	—	150x	as long as short
Phemex AVAXUSDT	+0.0014%	8h	10.924	−0.146%	$29.1M	$5.3M	50x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.645%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0034%	8h	10.932	−0.073%	$19.4M	$96.2M	50x	as long as short
SoDEX AVAX-USD	+0.0072%	1h	10.923	−0.155%	$19K	$65K	10x	as long as short
Binance AVAXUSDT	+0.0096%	8h	10.932	−0.073%	$115.5M	$349.9M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.927	−0.122%	$1.2M	$1.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.926	−0.128%	$22K	$425K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.924	−0.148%	$12K	$62	20x	as long as short
MEXC AVAX_USDT	+0.0097%	8h	10.934	−0.055%	$54.6M	$67.6M	200x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.936	−0.037%	$2.3M	$1.2M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.928	−0.112%	$275K	$87K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.937	−0.027%	$14.1M	$18.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.932	−0.073%	$33.4M	$40.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.931	−0.082%	—	$37.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.929	−0.101%	$388K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.935	−0.045%	$343K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.945	+0.046%	$156K	$680K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.931	−0.082%	$239K	$211K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.955	+0.134%	$12K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.925	−0.142%	$325K	$917K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.928	−0.113%	$621K	$1.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.919	−0.192%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.930	−0.091%	$856K	$4.6M	50x	as long as short
BloFin AVAX-USDT	+0.0217%	8h	10.927	−0.119%	$4.7M	$5.0M	100x	as long as short
Hyperliquid AVAXlong	+0.0230%	1h	10.940	long leg	$36.6M	$31.4M	10x
Reya AVAXRUSDPERP	+0.0245%	1h	10.921	−0.177%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0464% / S −0.0317%	1h	10.927	−0.117%	$242K	—	120x