Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.023%

Price spread now: Paradex against gTrade (Gains Network)−0.067%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 Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.067% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	10.764	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	34m 34s	$12K	—	150x
Short	Paradex AVAX-USD-PERP	10.757	0.0084	get 0.0084% / 8h	7h 34m	$12K	$212	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.067%Rate

Funding earned: $17.25
Price spread: −0.067% → 0.000%: −$6.73
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$3.48
Costs to cover: 0.140%
Break-even: 8.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Paradex: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Paradex: 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	−0.0266%	1h	10.766	+0.014%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0226%	1h	10.759	−0.045%	$280K	$325K	10x	as long as short
SoDEX AVAX-USD	−0.0084%	1h	10.761	−0.031%	$18K	$68K	10x	as long as short
Variational Omni AVAX	−0.0081%	8h	10.763	−0.015%	$3.0M	$2.1M	—	as long as short
Phemex AVAXUSDT	−0.0070%	8h	10.760	−0.040%	$28.7M	$5.7M	50x	as long as short
Gate AVAX_USDT	−0.0044%	8h	10.759	−0.049%	$13.8M	$28.9M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.767	+0.021%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.766	+0.016%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	10.764	long leg	$12K	—	150x
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.040%	$17K	$151K	12x	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-PERPshort	+0.0084%	8h	10.757	−0.067%	$12K	$212	20x
Lighter AVAX	+0.0096%	1h	10.763	−0.011%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.759	−0.049%	$23K	$468K	50x	as long as short
GRVT AVAX_USDT_Perp	+0.0098%	8h	10.781	+0.155%	$337K	$1.2M	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.777	+0.118%	$35.9M	$40.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.768	+0.033%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.767	+0.029%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.759	−0.054%	$113.4M	$396.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.757	−0.068%	$84.2M	$137.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.759	−0.049%	$18.9M	$106.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.763	−0.012%	$53.3M	$79.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.764	−0.003%	$13.9M	$21.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.758	−0.059%	$32.9M	$45.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.758	−0.059%	—	$53.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.766	+0.016%	$438K	$535K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.773	+0.081%	$174K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.765	+0.007%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.768	+0.034%	$233K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.788	+0.224%	$12K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.764	+0.002%	$334K	$853K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.755	−0.085%	$612K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.756	−0.081%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.770	+0.053%	$854K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.762	−0.021%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.759	−0.051%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.765	+0.006%	$227K	—	120x	as long as short