Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.052%

Price spread now: GMX against MEXC+0.009%7-day average +0.052% · you sell dearer than you buy

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.168%+$17 on $10k

Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.009%, 7d avg +0.052%

Together, before fees+0.094%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.044% cheaper against MEXC than usual: you would sell low and buy high (spread +0.009% now, against its 7-day average of +0.052%). If the spread goes back, that is −$4 on $10k: about 22 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	MEXC AVAX_USDT	11.190	0.0100	pay 0.0100% / 8h	7h 55m	$49.8M	$87.7M	200x
Short	GMX AVAX/USD [AVAX-USDC]	11.191	L +0.0435% / S −0.0259%	get 0.0032% / 1h	55m 58s	$250K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $33.29
Price spread: +0.009% → +0.052%: −$4.37
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $16.92
Costs to cover: 0.120%
Break-even: 3.4 days

Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago	0.44 bp	0.4 bp $0	2.7 bp −$27	30.5 bp −$3,049	99.5 bp −$49.8K
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	−0.1363%	1h	11.180	−0.089%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0197%	1h	11.188	−0.018%	$5.3M	$8.8M	25x	as long as short
Gate AVAX_USDT	−0.0061%	8h	11.192	+0.018%	$12.4M	$37.4M	75x	as long as short
Nado AVAX-PERP	−0.0013%	1h	11.194	+0.031%	$296K	$880K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.215	+0.219%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.194	+0.036%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.193	+0.025%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.202	+0.107%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.208	+0.159%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.199	+0.076%	$2.3M	$1.7M	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	11.213	+0.207%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.186	−0.034%	$119.9M	$509.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.185	−0.045%	$89.0M	$154.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.176	−0.125%	$20.2M	$141.4M	50x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.190	long leg	$49.8M	$87.7M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.198	+0.071%	$15.6M	$24.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.193	+0.027%	$34.1M	$57.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.187	−0.027%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.191	+0.009%	$358K	$563K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.210	+0.179%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.230	+0.355%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.234	+0.393%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.204	+0.125%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.199	+0.080%	$203K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.222	+0.285%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.192	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.156	−0.300%	$360K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.197	+0.063%	$30.1M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.188	−0.017%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.197	+0.064%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.199	+0.080%	$4.5M	$12.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.211	+0.188%	$5.0M	$6.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.188	−0.014%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.203	+0.116%	$914K	$7.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0435% / S −0.0259%	1h	11.191	+0.009%	$250K	—	120x
Hyperliquid AVAX	+0.0631%	1h	11.210	+0.179%	$43.7M	$55.0M	10x	as long as short