Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0195%/8h= +21.3% APRpaid last 24h +0.046%

Price spread now: GMX against Aster+0.100%51s7-day average +0.064% · you sell dearer than you buy

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

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.163%+$16 on $10k

Price spread, last 4 days (all we have)−0.253%−$25 · spread now +0.100%, 7d avg +0.064%

Together, before fees−0.091%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GMX is 0.036% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.064%. The two prices were read 51 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	Aster AVAXUSDT	11.189	0.0100	pay 0.0100% / 8h	5h 15m	$2.3M	$1.2M	75x
Short	GMX AVAX/USD [AVAX-USDC]	11.200	L +0.0436% / S −0.0295%	get 0.0037% / 1h	15m 31s	$238K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 AsterbpFee GMXbpOrdersPrice spread, now +0.100%Rate

Funding earned: $40.92
Price spread: +0.100% → +0.064%: $3.64
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $24.56
Costs to cover: 0.200%
Break-even: 2.8 days

Slippage unknown: Aster: live order book, 3 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 Aster live order book, 3 min ago	1.34 bp	10.0 bp −$10	17.5 bp −$175	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 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	−0.1374%	1h	11.120	−0.613%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0076%	1h	11.185	−0.028%	$288K	$443K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.197	+0.075%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.187	−0.011%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.200	+0.102%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.202	+0.121%	$4.4M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.184	−0.037%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.185	−0.032%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.188	−0.009%	$13K	$434	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.189	long leg	$2.3M	$1.2M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.190	+0.011%	$292K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.184	−0.041%	$119.7M	$430.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.186	−0.023%	$88.8M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.186	−0.023%	$20.3M	$117.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.185	−0.032%	$12.2M	$35.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.186	−0.023%	$49.4M	$79.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.189	+0.003%	$15.8M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.186	−0.023%	$33.7M	$48.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.185	−0.032%	—	$81.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.188	−0.006%	$359K	$494K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.196	+0.069%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.180	−0.080%	$353K	$813K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.185	−0.032%	$180K	$675K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.188	−0.006%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.204	+0.137%	$197K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.239	+0.455%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.198	+0.084%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.197	+0.079%	$367K	$864K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.187	−0.014%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.183	−0.054%	$687K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.195	+0.057%	$257K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.188	−0.006%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.211	+0.200%	$902K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.183	−0.054%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0436% / S −0.0295%	1h	11.200	+0.100%	$238K	—	120x
Hyperliquid AVAX	+0.0569%	1h	11.203	+0.130%	$43.6M	$42.8M	10x	as long as short