AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0217%/8h= +23.8% APRnext payment +$0.27 per $10,000 · paid last 24h +0.049%

Price spread now: GMX against Pacifica−0.065%7-day average +0.037% · you buy dearer than you sell

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

Long on Pacifica Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.178%+$18 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.065%, 7d avg +0.037%

Together, before fees+0.217%+ Points / potential airdropPacifica: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.101% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.037%). If the spread goes back, that is −$10 on $10k: about 37 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	10.893	0.0100	pay 0.0013% / 1h	47m 45s	$274K	$86K	10x
Short	GMX AVAX/USD [AVAX-USDC]	10.886	L +0.0464% / S −0.0317%	get 0.0040% / 1h	47m 45s	$241K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Pacifica. 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 PacificabpFee GMXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $45.66
Price spread: −0.065% → +0.037%: −$10.14
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $15.52
Costs to cover: 0.200%
Break-even: 4.6 days

Slippage unknown: Pacifica: live order book, 59 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 Pacifica live order book, 59 min ago	5.07 bp	11.1 bp −$11	23.7 bp −$237	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	−0.0169%	8h	10.886	−0.066%	$3.1M	$1.9M	—	as long as short
Polymarket Perps AVAX-USD	−0.0155%	1h	10.873	−0.182%	$60K	$352K	10x	as long as short
Gate AVAX_USDT	−0.0122%	8h	10.887	−0.053%	$14.9M	$24.8M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0114%	1h	10.888	−0.041%	$3.8M	$10.4M	50x	as long as short
Bybit AVAXUSDT	−0.0098%	8h	10.882	−0.099%	$84.9M	$128.3M	75x	as long as short
Phemex AVAXUSDT	−0.0021%	8h	10.886	−0.063%	$29.0M	$5.5M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.894	+0.008%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.888	−0.044%	$5.0M	$6.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.885	−0.068%	$24K	—	150x	as long as short
Nado AVAX-PERP	+0.0011%	1h	10.881	−0.108%	$279K	$257K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AVAX-USD	+0.0027%	1h	10.885	−0.072%	$19K	$65K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.219%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0039%	8h	10.883	−0.090%	$19.3M	$98.0M	50x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.887	−0.053%	$12K	$62	20x	as long as short
MEXC AVAX_USDT	+0.0092%	8h	10.888	−0.044%	$53.8M	$66.7M	200x	as long as short
Binance AVAXUSDT	+0.0093%	8h	10.889	−0.032%	$114.8M	$358.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.889	−0.035%	$1.2M	$1.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.881	−0.108%	$24K	$427K	50x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.888	−0.043%	$2.2M	$1.2M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	10.893	long leg	$274K	$86K	10x
KuCoin AVAXUSDTM	+0.0100%	8h	10.890	−0.026%	$14.3M	$18.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.884	−0.081%	$33.2M	$41.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.885	−0.072%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.888	−0.044%	$391K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.897	+0.039%	$341K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.896	+0.029%	$155K	$680K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.892	−0.007%	$238K	$211K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.916	+0.212%	$12K	$771K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.886	−0.067%	$328K	$897K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.884	−0.083%	$618K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.883	−0.086%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0148%	1h	10.899	+0.057%	$36.4M	$33.2M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.877	−0.145%	$849K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0213%	8h	10.865	−0.255%	$4.7M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.872	−0.193%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0464% / S −0.0317%	1h	10.886	−0.065%	$241K	—	120x