Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0315%/8h= −34.5% APRpaid last 24h −0.112%

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

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

Long on GMX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.338%−$34 on $10k

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

Together, before fees−0.261%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.048% dearer against GMX than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.066%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	11.225	L +0.0415% / S −0.0265%	pay 0.0052% / 1h	57m 08s	$237K	—	120x
Short	Gate AVAX_USDT	11.223	0.0100	get 0.0100% / 8h	57m 08s	$12.5M	$39.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee GatebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$66.1
Price spread: −0.018% → −0.066%: $4.82
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$88.29
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: live order book, 2 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 GMX no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	1.33 bp	13.3 bp −$13	19.3 bp −$193	36.0 bp −$3,599	64.9 bp −$32.5K

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	−0.312%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.222	−0.026%	$5.3M	$9.0M	25x	as long as short
Nado AVAX-PERP	−0.0053%	1h	11.223	−0.013%	$296K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.235	+0.091%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.226	+0.009%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0036%	8h	11.226	+0.009%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.225	−0.002%	$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	+0.014%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.227	+0.020%	$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	+0.066%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.223	−0.016%	$120.0M	$522.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.223	−0.018%	$89.4M	$156.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.223	−0.018%	$20.2M	$145.6M	50x	as long as short
Gate AVAX_USDTshort	+0.0100%	8h	11.223	−0.018%	$12.5M	$39.8M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.224	−0.009%	$51.1M	$92.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.232	+0.063%	$15.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.224	−0.009%	$34.2M	$59.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.223	−0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.225	0.000%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.229	+0.036%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.237	+0.107%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.230	+0.045%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.234	+0.080%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.260	+0.309%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.225	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.229	+0.040%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.225	0.000%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.222	−0.024%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.226	+0.009%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.221	−0.035%	$5.0M	$7.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.226	+0.008%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.231	+0.050%	$4.6M	$13.4M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.239	+0.125%	$916K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0415% / S −0.0265%	1h	11.225	long leg	$237K	—	120x
Hyperliquid AVAX	+0.0716%	1h	11.243	+0.161%	$43.5M	$56.7M	10x	as long as short