Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.026%

Price spread now: BingX against gTrade (Gains Network)−0.132%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.132% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.132% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.5 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	gTrade (Gains Network) AVAX/USD	10.908	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	14m 01s	$12K	—	150x
Short	BingX AVAX-USDT	10.894	0.0100	get 0.0100% / 8h	7h 14m	—	$53.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.132%Rate

Funding earned: $20.66
Price spread: −0.132% → 0.000%: −$13.2
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$12.54
Costs to cover: 0.200%
Break-even: 11.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 10 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	0.93 bp	5.9 bp −$6	6.4 bp −$64	10.4 bp −$1,040	28.9 bp −$14.5K

gTrade (Gains Network): 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
Kraken Futures PF_AVAXUSD	−0.0262%	1h	10.912	+0.036%	$3.8M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0197%	1h	10.917	+0.079%	$275K	$316K	10x	as long as short
Phemex AVAXUSDT	−0.0142%	8h	10.915	+0.061%	$29.1M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0082%	8h	10.909	+0.005%	$3.1M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0065%	1h	10.907	−0.013%	$19K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.937	+0.261%	$93K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.909	+0.006%	$5.0M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	10.908	long leg	$12K	—	150x
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.360%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0054%	8h	10.897	−0.105%	$14.1M	$29.4M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0089%	8h	10.929	+0.185%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.911	+0.022%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.921	+0.116%	$19K	$469K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.909	+0.010%	$36.0M	$39.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.909	+0.002%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.937	+0.266%	$275K	$127K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.897	−0.105%	$115.0M	$388.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.895	−0.123%	$85.1M	$135.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.896	−0.114%	$19.3M	$106.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.899	−0.086%	$53.1M	$80.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.901	−0.068%	$14.0M	$20.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.901	−0.068%	$33.1M	$45.1M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	10.894	−0.132%	—	$53.0M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.899	−0.086%	$440K	$531K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.851	−0.530%	$341K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.876	−0.297%	$175K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.931	+0.207%	$137K	$234K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.914	+0.051%	$236K	$222K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.937	+0.264%	$12K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.915	+0.059%	$338K	$872K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.895	−0.127%	$622K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.900	−0.072%	$250K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.931	+0.207%	$866K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.926	+0.161%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.923	+0.138%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.911	+0.028%	$230K	—	120x	as long as short