Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.014%

Price spread now: gTrade (Gains Network) against MEXC+0.034%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on gTrade (Gains Network)

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 pays, funding is against you. gTrade (Gains Network) is 0.034% dearer against MEXC than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	11.278	0.0100	pay 0.0100% / 8h	1h 20m	$52.2M	$100.1M	200x
Short	gTrade (Gains Network) AVAX/USD	11.282	L +0.0002% / S −0.0004%	get 0.0001% / 1h	20m 06s	$16K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against MEXC. 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 MEXCbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.034%Rate

Funding earned: −$20.14
Price spread: +0.034% → 0.000%: $3.37
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$26.78
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; gTrade (Gains Network): 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 MEXC live order book, 4 min ago	0.89 bp	1.4 bp −$1	4.8 bp −$48	43.2 bp −$4,317	99.7 bp −$49.8K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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	−0.0570%	1h	11.250	−0.248%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.277	−0.009%	$5.4M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0037%	1h	11.281	+0.027%	$298K	$895K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.285	+0.062%	$104K	$112K	10x	as long as short
Variational Omni AVAX	+0.0001%	8h	11.275	−0.026%	$3.0M	$2.4M	—	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0004%	1h	11.282	+0.034%	$16K	—	150x
Lighter AVAX	+0.0096%	1h	11.278	+0.004%	$1.3M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.279	+0.009%	$17K	$688K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.281	+0.025%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.282	+0.036%	$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	11.282	+0.036%	$300K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.280	+0.020%	$120.6M	$525.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.280	+0.018%	$89.3M	$157.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.279	+0.009%	$20.3M	$146.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.278	0.000%	$12.4M	$40.5M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.278	long leg	$52.2M	$100.1M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.283	+0.044%	$16.1M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.280	+0.018%	$34.2M	$60.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.282	+0.035%	—	$89.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.280	+0.018%	$361K	$570K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.247	−0.272%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.248	−0.266%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.281	+0.027%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.286	+0.071%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.312	+0.300%	$12K	$731K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.277	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.281	+0.031%	$365K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.277	−0.009%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.274	−0.037%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.275	−0.027%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.295	+0.151%	$912K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.288	+0.089%	$5.1M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.277	−0.008%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0407% / S −0.0252%	1h	11.281	+0.028%	$238K	—	120x	as long as short
Kraken Futures PF_AVAXUSD	+0.0627%	1h	11.284	+0.052%	$4.6M	$13.5M	50x	as long as short
Hyperliquid AVAX	+0.0627%	1h	11.295	+0.151%	$43.7M	$56.8M	10x	as long as short