Live data
Avalanche (AVAX) perpetual futures
Live funding rates, open interest, and measured trade costs for Avalanche. 30 venues in the PerpFinder venue map list AVAX perps.
At a glance
This AVAX funding snapshot covers 4 venues: Bybit, Hyperliquid, dYdX, and Binance. It is the server-rendered page seed, not the venue total; the live funding panel below covers every venue that lists AVAX.
- Highest annualized funding
- +10.95%Hyperliquid
- Executable spread
- 10.95% annualizedHyperliquid vs dYdX
More
The highest executable annualized funding rate is +10.95% on Hyperliquid, and the lowest is 0.00% on dYdX.
The executable spread between Hyperliquid and dYdX is 10.95% annualized, from 3 venues that report open interest.
Bybit, Hyperliquid, and dYdX report $72.0m of open interest across the venues in this snapshot that publish it.
The AVAX price in this snapshot comes from Binance at $7.57.
Generated from live venue feeds at
Funding rates
Annualized rates across exchanges
HyperliquidDEX
BinanceCEX
BybitCEX
dYdXDEXOpen interest
Per-exchange open interest
BybitHyperliquiddYdXLong/short ratio
Account-level positioning
Long/short ratios are published for BTC, ETH, SOL, and XRP only.
Cost comparison
Fee plus slippage for a $100K trade
The order-book cost engine measures BTC, ETH, SOL, XRP, BNB, DOGE and HYPE. AVAX is not measured. Live costs for the measured assets are on the cost comparison tool.
Where to Trade Avalanche (AVAX) Perpetual Futures
27 of the 30 venues that list AVAX perps have a PerpFinder review page. The table compares fees, leverage, and features for those 27.
| Venue | Maker | Taker | Max leverage | Rating | Trade |
|---|---|---|---|---|---|
| 0.015% | 0.045% | 40x | 9.2 | AVAX → | |
| 0.010% | 0.050% | 50x | 9.0 | AVAX → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens pool imbalance | 100x | 8.5 | AVAX → | ||
| 0.035% when opening and again when closing; BTC and ETH review rate; other pairs can use different fees and spreads | 1000x | 8.0 | AVAX → | ||
| 0.010% | 0.035% | 50x | 8.0 | AVAX → | |
| 0.020% | 0.050% | 100x | 8.0 | AVAX → | |
| 0.010% | 0.020% | 100x | 7.8 | AVAX → | |
| Free | 0.030% | 50x | 7.8 | AVAX → | |
| -0.010% | 0.017% | 1000x | 7.8 | AVAX → | |
| 0.050% | 0.080% | 20x | 7.5 | AVAX → | |
| Free | 0.040% | 100x | 7.5 | AVAX → | |
| 0.012% | 0.038% | 100x | 7.5 | AVAX → | |
| Free | 0.000% | 50x | 7.5 | AVAX → | |
| Free | 0.000% | 50x | 7.5 | AVAX → | |
| 0.03% when opening and again when closing; Regular Tier 0 fee for each executed position increase or decrease. Volume tiers can lower it. Price impact and funding are separate. | 100x | 7.5 | AVAX → | ||
| 0.01% or 0.045% when opening and again when closing; crypto standard perps; 0.01% improves the open-interest balance, 0.045% worsens it; forex, commodity and equity markets are 0% and Upside Perps use profit sharing | 100x | 7.0 | AVAX → | ||
| 0.045% or 0.055% when opening and again when closing; VIP Tier 0; 0.045% when an executed open, increase, close, or decrease improves long-short open-interest balance, and 0.055% when it worsens that balance | 100x | 7.0 | AVAX → | ||
| Free | 0.025% | 100x | 7.0 | AVAX → | |
| -0.000% | 0.045% | 50x | 7.0 | AVAX → | |
| 0.04% or 0.06% when opening and again when closing; rate depends on whether the action improves or worsens the long and short balance | 100x | 6.5 | AVAX → | ||
| 0.020% | 0.050% | 100x | 6.5 | AVAX → | |
| 0.020% | 0.050% | 50x | 6.5 | AVAX → | |
| 0.015% | 0.040% | 50x | 6.5 | AVAX → | |
| 0.010% | 0.040% | 40x | 6.5 | AVAX → | |
| Free | 0.045% | 50x | 6.5 | AVAX → | |
| 0.010% | 0.035% | 100x | 6.0 | AVAX → | |
| 0.020% | 0.050% | 100x | 6.0 | AVAX → | |
Market Overview
AVAX perps represent the alt-L1 narrative in tradeable form — the asset moves with the thesis that Avalanche's subnet architecture will attract institutional and enterprise chains, and its perp market reflects that story through its funding and OI cycles.
Liquidity and venue split
AVAX perps are traded heavily on Binance, Bybit, and OKX. Among DEX venues, GMX operates natively on Avalanche and lists AVAX perps, though the Avalanche GMX deployment typically handles 5-10x less volume than the Arbitrum counterpart. Hyperliquid also lists AVAX with growing depth as Hyperliquid's overall liquidity has expanded.
Open interest follows book depth, so most AVAX perp open interest sits on the large centralized venues. The DEX share is growing but remains secondary for large-position execution. Coinalyze's AVAX open interest data shows the OI cycle closely tracking Bitcoin's trend cycle with amplified moves.
Correlation, beta, and what drives funding
AVAX's realized volatility is higher than BTC and ETH but lower than SOL and the smaller L1s. It tracks the broad alt-L1 narrative closely, which means funding rates often move in tandem with SOL, NEAR, and other competing Layer 1 tokens. When the "L1 rotation" trade is active, funding on AVAX, SOL, and competing tokens all turns positive simultaneously.
The subnet architecture narrative has a distinct catalyst pattern. Enterprise subnet announcements — such as Avalanche's work with financial institutions on tokenized assets — drive OI buildups that persist for days. These institutional-narrative pumps tend to produce steadier funding than the flash social-media rallies seen in memecoin perps.
Risk factors specific to AVAX
AVAX perps carry governance risk that most assets do not. Significant protocol upgrades, Avalanche9000 implementation milestones, and changes to the subnet fee model are all event risks that can move the asset sharply. The CoinDesk AVAX coverage is a useful source for monitoring upcoming catalysts.
Secondary risk is liquidity concentration in subnets — AVAX locked in subnet validation reduces circulating supply and can amplify price moves in both directions.
Compare AVAX fee costs across venues on the cost comparison tool. View the broader L1 picture at /perps.
Trading Tips for Avalanche Perps
AVAX tends to move in correlation with the broader alt-L1 sector. Compare AVAX funding rates against SOL and SUI to identify which L1 has the most crowded positioning — the one with the highest funding is most vulnerable to a correction.
Frequently Asked Questions — Avalanche (AVAX)
What is the current AVAX perpetual futures funding rate?
The live Avalanche (AVAX) funding-rate panel updates every 2 minutes. It shows annualized rates for each exchange that lists AVAX perps. A positive rate means long traders pay short traders, while a negative rate means shorts pay longs.
Which exchange has the lowest AVAX perp trading fees?
Among 21 tracked AVAX venues with comparable order-book schedules, Paradex lists the lowest taker fee at 0.000%. Lighter lists 0.000%. 6 position-fee venues are excluded from this maker/taker result. Use the cost comparison for total cost.
How does Avalanche open interest compare across exchanges?
The Avalanche (AVAX) open-interest chart shows the total value of outstanding AVAX derivative contracts on each exchange. Rising open interest indicates new capital entering the market, while declining OI suggests positions are being closed.
What does the AVAX long/short ratio indicate?
The Avalanche long/short ratio shows the balance between traders betting on price increases (longs) versus decreases (shorts) across exchanges. An extreme ratio in either direction can signal potential reversals as crowded positioning often leads to liquidation cascades.
Where can I trade AVAX perpetual futures?
Avalanche (AVAX) perps are listed on 27 exchanges, including Hyperliquid, dYdX, GMX, Gains Network, and Bluefin, plus 22 more. The "Where to Trade Avalanche (AVAX) Perpetual Futures" section compares fees and leverage limits and gives a direct trading link for each venue.
Category: Layer 1 · Data updates every 2 minutes · All rates shown are annualized