Funding you earn now, next payment 05:00 UTC+0.0199%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.043%
Price spread now: GMX against Lighter+0.020%7-day average +0.077% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.183%+$18 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.020%, 7d avg +0.077%
=Together, before fees+0.151%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.057% cheaper against Lighter than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.077%). If the spread goes back, that is −$6 on $10k: about 23 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter AVAX | 10.999 | 0.0096 | pay 0.0012% / 1h | 46m 04s | $1.2M | $2.7M | 10x |
| Short | GMX AVAX/USD [AVAX-USDC] | 11.001 | L +0.0436% / S −0.0295% | get 0.0037% / 1h | 46m 04s | $233K | — | 120x |
Lighter AVAX
GMX AVAX/USD [AVAX-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Lighter. 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
- $41.76
- Price spread: +0.020% → +0.077%
- −$5.7
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $24.06
- Costs to cover
- 0.120%
- Break-even
- 3.0 days
Slippage unknown: Lighter: 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 Lighter live order book, 6 min ago | 2.50 bp | 3.5 bp −$3 | 9.9 bp −$99 | 77.9 bp −$7,789 | 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 | −0.1421% | 1h | 10.960 | −0.353% | $17K | $151K | 12x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0023% | 1h | 10.999 | +0.002% | $5.1M | $7.8M | 25x | as long as short |
| Nado AVAX-PERP | −0.0007% | 1h | 10.996 | −0.021% | $285K | $319K | 10x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.999 | +0.004% | $96K | $97K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 11.000 | +0.012% | $12K | — | 150x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0020% | 1h | 10.999 | +0.002% | $4.3M | $11.3M | 50x | as long as short |
| Lighter AVAXlong | +0.0096% | 1h | 10.999 | long leg | $1.2M | $2.7M | 10x | |
| Popdex AVAXUSDT | +0.0096% | 1h | 10.997 | −0.016% | $15K | $456K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0100% | 8h | 10.996 | −0.025% | $12K | $212 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.998 | −0.011% | $2.2M | $1.1M | 75x | as long as short |
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
Nado AVAX-PERP
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Kraken Futures PF_AVAXUSD
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica AVAX | +0.0100% | 1h | 11.001 | +0.017% | $277K | $131K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 10.996 | −0.027% | $116.2M | $427.9M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 10.990 | −0.080% | $84.0M | $140.8M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.996 | −0.025% | $20.2M | $113.7M | 50x | as long as short |
| Gate AVAX_USDT | +0.0100% | 8h | 10.995 | −0.035% | $12.1M | $32.2M | 75x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.997 | −0.016% | $46.0M | $78.0M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.001 | +0.020% | $15.5M | $21.8M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.995 | −0.035% | $33.1M | $47.7M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 10.995 | −0.035% | — | $75.2M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.997 | −0.016% | $370K | $548K | 15x | as long as short |
| Variational Omni AVAX | +0.0100% | 8h | 10.991 | −0.075% | $2.9M | $2.2M | — | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 10.998 | −0.007% | $351K | $900K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.001 | +0.020% | $177K | $668K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 11.002 | +0.029% | $129K | $345K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.004 | +0.047% | $193K | $310K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.028 | +0.264% | $12K | $720K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 10.998 | −0.007% | $18K | $71K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.999 | +0.006% | $366K | $791K | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 10.999 | +0.002% | $29.3M | $5.8M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.996 | −0.026% | $678K | $1.4M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.995 | −0.037% | $253K | — | 3x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.994 | −0.044% | $5.0M | $5.3M | 100x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0232% | 1h | 11.010 | +0.102% | $894K | $5.2M | 50x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 10.997 | −0.014% | $1K | — | 20x | as long as short |
| Hyperliquid AVAX | +0.0411% | 1h | 11.012 | +0.120% | $42.7M | $41.6M | 10x | as long as short |
| GMX AVAX/USD [AVAX-USDC]short | L +0.0436% / S −0.0295% | 1h | 11.001 | +0.020% | $233K | — | 120x |
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
Gate AVAX_USDT
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
Backpack AVAX_USDC_PERP
Variational Omni AVAX
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
BloFin AVAX-USDT
Coinbase International AVAX-PERP-INTX
Reya AVAXRUSDPERP
Hyperliquid AVAX