Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h +0.046%

Price spread now: GMX against Paradex+0.045%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on GMX

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.045% dearer against Paradex than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AVAX-USD-PERP	11.262	0.0099	pay 0.0099% / 8h	1h 29m	$13K	$766	20x
Short	GMX AVAX/USD [AVAX-USDC]	11.267	L +0.0404% / S −0.0248%	get 0.0031% / 1h	29m 16s	$237K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Paradex. 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 ParadexbpFee GMXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $31.22
Price spread: +0.045% → 0.000%: $4.53
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $19.75
Costs to cover: 0.160%
Break-even: 2.6 days

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Paradex and 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	−0.0570%	1h	11.210	−0.459%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.266	+0.038%	$5.3M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0024%	1h	11.271	+0.087%	$297K	$895K	10x	as long as short
Variational Omni AVAX	−0.0016%	8h	11.259	−0.024%	$3.0M	$2.4M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.266	+0.040%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.269	+0.064%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.272	+0.090%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.268	+0.056%	$16K	$691K	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0099%	8h	11.262	long leg	$13K	$766	20x
Aster AVAXUSDT	+0.0100%	8h	11.268	+0.054%	$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	11.267	+0.048%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.267	+0.048%	$120.6M	$526.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.268	+0.056%	$89.0M	$157.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.269	+0.064%	$20.3M	$146.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.271	+0.082%	$12.6M	$40.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.267	+0.047%	$52.2M	$100.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.274	+0.109%	$16.3M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.269	+0.064%	$34.3M	$60.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.266	+0.038%	—	$89.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.252	−0.087%	$360K	$570K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.257	−0.039%	$360K	$898K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.282	+0.180%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.275	+0.118%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.276	+0.127%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.295	+0.299%	$12K	$731K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.269	+0.064%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.268	+0.051%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.269	+0.064%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.266	+0.042%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.270	+0.075%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.276	+0.127%	$911K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.266	+0.038%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.271	+0.079%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0404% / S −0.0248%	1h	11.267	+0.045%	$237K	—	120x
Hyperliquid AVAX	+0.0619%	1h	11.289	+0.242%	$43.7M	$57.2M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0627%	1h	11.276	+0.124%	$4.6M	$13.5M	50x	as long as short