Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0165%/8h= +18.1% APRpaid last 24h +0.068%

Price spread now: GMX against Gate+0.018%7-day average +0.066% · you sell dearer than you buy

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.189%+$19 on $10k

Price spread, last 3 days (all we have)−0.077%−$8 · spread now +0.018%, 7d avg +0.066%

Together, before fees+0.112%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.048% cheaper against Gate than usual: you would sell low and buy high (spread +0.018% now, against its 7-day average of +0.066%). If the spread goes back, that is −$5 on $10k: about 23 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.223	0.0100	pay 0.0100% / 8h	57m 20s	$12.5M	$39.8M	75x
Short	GMX AVAX/USD [AVAX-USDC]	11.225	L +0.0415% / S −0.0265%	get 0.0033% / 1h	57m 20s	$237K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $34.64
Price spread: +0.018% → +0.066%: −$4.82
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $2.83
Costs to cover: 0.270%
Break-even: 6.4 days

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	1.33 bp	18.0 bp −$18	23.8 bp −$238	43.4 bp −$4,339	72.3 bp −$36.1K
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	−0.1451%	1h	11.190	−0.294%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.222	−0.009%	$5.3M	$9.0M	25x	as long as short
Nado AVAX-PERP	−0.0053%	1h	11.223	+0.004%	$296K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.235	+0.108%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.226	+0.027%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0036%	8h	11.226	+0.027%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.225	+0.015%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.224	+0.009%	$18K	$687K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.227	+0.032%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.229	+0.057%	$2.3M	$1.8M	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	11.232	+0.084%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.224	+0.011%	$120.0M	$522.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.222	−0.009%	$89.4M	$156.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.225	+0.018%	$20.2M	$145.7M	50x	as long as short
Gate AVAX_USDTlong	+0.0100%	8h	11.223	long leg	$12.5M	$39.8M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.226	+0.027%	$51.2M	$92.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.230	+0.062%	$15.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.225	+0.018%	$34.2M	$59.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.226	+0.027%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.235	+0.107%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.229	+0.053%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.237	+0.125%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.230	+0.062%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.234	+0.098%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.260	+0.326%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.225	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.229	+0.058%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.225	+0.018%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.222	−0.007%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.226	+0.026%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.221	−0.018%	$5.0M	$7.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.226	+0.026%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.231	+0.067%	$4.6M	$13.4M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.239	+0.143%	$916K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0415% / S −0.0265%	1h	11.225	+0.018%	$237K	—	120x
Hyperliquid AVAX	+0.0712%	1h	11.242	+0.169%	$43.5M	$56.7M	10x	as long as short