Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.014%

Price spread now: MEXC against gTrade (Gains Network)+0.002%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	11.137	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	36m 02s	$13K	—	150x
Short	MEXC AVAX_USDT	11.137	0.0100	get 0.0100% / 8h	7h 36m	$49.1M	$88.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.002%Rate

Funding earned: $20.66
Price spread: +0.002% → 0.000%: $0.18
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $10.84
Costs to cover: 0.100%
Break-even: 3.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago	0.90 bp	0.9 bp −$1	4.0 bp −$40	33.0 bp −$3,295	100.1 bp −$50.0K

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
Injective AVAX/USDC PERP	−0.1363%	1h	11.100	−0.330%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.132	−0.043%	$5.3M	$8.6M	25x	as long as short
Nado AVAX-PERP	−0.0050%	1h	11.136	−0.007%	$292K	$837K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.137	−0.001%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	11.137	long leg	$13K	—	150x
Gate AVAX_USDT	+0.0077%	8h	11.134	−0.025%	$12.2M	$38.1M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.135	−0.013%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.136	−0.007%	$18K	$634K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.138	+0.013%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.139	+0.021%	$2.3M	$1.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.143	+0.055%	$296K	$106K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.130	−0.058%	$118.4M	$489.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.131	−0.052%	$88.6M	$149.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.127	−0.088%	$19.9M	$135.1M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	11.137	+0.002%	$49.1M	$88.4M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.141	+0.038%	$15.4M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.133	−0.034%	$33.7M	$55.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.133	−0.034%	—	$85.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.135	−0.016%	$356K	$558K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.134	−0.027%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.133	−0.036%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.135	−0.016%	$179K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.138	+0.011%	$131K	$376K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.143	+0.056%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.169	+0.291%	$12K	$726K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.136	−0.007%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.136	−0.012%	$361K	$955K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.139	+0.020%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.133	−0.033%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.133	−0.030%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.140	+0.027%	$4.3M	$12.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.131	−0.052%	$5.0M	$6.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.133	−0.031%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.134	−0.025%	$904K	$7.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.136	−0.011%	$249K	—	120x	as long as short
Hyperliquid AVAX	+0.0665%	1h	11.152	+0.136%	$43.5M	$51.0M	10x	as long as short