Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.020%

Price spread now: BingX against gTrade (Gains Network)−0.082%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

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

Funding pays, the price is against you. BingX is 0.082% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.8 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	11.117	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	18m 12s	$13K	—	150x
Short	BingX AVAX-USDC	11.108	0.0100	get 0.0100% / 8h	6h 18m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.082%Rate

Funding earned: $20.66
Price spread: −0.082% → 0.000%: −$8.19
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$7.52
Costs to cover: 0.200%
Break-even: 9.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 3 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	0.90 bp	11.8 bp −$12	24.4 bp −$244	80.4 bp −$8,039	485.5 bp −$242.8K

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 35 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	−0.1423%	1h	11.040	−0.694%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0045%	1h	11.107	−0.095%	$286K	$500K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.114	−0.028%	$5.2M	$8.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.119	+0.014%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	11.117	long leg	$13K	—	150x
Gate AVAX_USDT	+0.0059%	8h	11.113	−0.037%	$12.1M	$36.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.115	−0.022%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.108	−0.082%	$15K	$581K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.114	−0.029%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.111	−0.059%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.119	+0.016%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.115	−0.021%	$118.5M	$455.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.108	−0.082%	$88.4M	$142.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.106	−0.100%	$20.0M	$122.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.110	−0.064%	$48.7M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.120	+0.026%	$15.6M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.110	−0.064%	$33.4M	$50.7M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	11.108	−0.082%	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.108	−0.082%	$355K	$532K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.095	−0.195%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.112	−0.046%	$355K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.102	−0.136%	$178K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.110	−0.064%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.119	+0.017%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.142	+0.221%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.116	−0.010%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.113	−0.041%	$361K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.115	−0.019%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.112	−0.045%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.108	−0.078%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.107	−0.091%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.118	+0.010%	$4.3M	$11.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.126	+0.080%	$904K	$5.8M	50x	as long as short
Hyperliquid AVAX	+0.0392%	1h	11.119	+0.019%	$43.2M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.116	−0.008%	$236K	—	120x	as long as short