Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0033%/8hpaid last 24h +0.014%

Price spread now: MEXC against gTrade (Gains Network)−0.061%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 MEXC

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. MEXC is 0.061% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 6.1 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	11.005	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	22m 11s	$12K	—	150x
Short	MEXC AVAX_USDT	10.998	0.0035	get 0.0035% / 8h	4h 22m	$49.8M	$114.8M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.061%Rate

Funding earned: $7.01
Price spread: −0.061% → 0.000%: −$6.09
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$9.08
Costs to cover: 0.100%
Break-even: 16.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	0.46 bp	1.1 bp −$1	2.8 bp −$28	39.3 bp −$3,929	101.4 bp −$50.7K

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
Nado AVAX-PERP	−0.0302%	1h	10.997	−0.070%	$315K	$968K	10x	as long as short
Variational Omni AVAX	−0.0276%	8h	10.965	−0.357%	$2.9M	$2.0M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0204%	1h	11.002	−0.025%	$5.2M	$10.0M	25x	as long as short
Bybit AVAXUSDT	−0.0094%	8h	11.000	−0.043%	$86.2M	$149.1M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0066%	8h	11.002	−0.025%	$19.2M	$145.4M	50x	as long as short
Gate AVAX_USDT	−0.0056%	8h	11.001	−0.034%	$12.0M	$40.3M	75x	as long as short
Backpack AVAX_USDC_PERP	−0.0042%	1h	11.001	−0.034%	$297K	$543K	15x	as long as short
SoDEX AVAX-USD	−0.0027%	1h	10.999	−0.052%	$18K	$72K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.004	−0.011%	$84K	$157K	10x	as long as short
Coinbase International AVAX-PERP-INTX	0.0000%	1h	11.003	−0.015%	$811K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	11.005	long leg	$12K	—	150x
Phemex AVAXUSDT	+0.0017%	8h	11.000	−0.043%	$29.5M	$4.9M	50x	as long as short
Bitget AVAXUSDT	+0.0028%	8h	10.999	−0.052%	$33.6M	$63.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.970	−0.315%	$17K	$68K	12x	as long as short
MEXC AVAX_USDTshort	+0.0035%	8h	10.998	−0.061%	$49.8M	$114.8M	200x
BingX AVAX-USDT	+0.0035%	8h	11.001	−0.034%	—	$94.0M	—	as long as short
Binance AVAXUSDT	+0.0036%	8h	11.000	−0.043%	$117.8M	$550.4M	75x	as long as short
Aster AVAXUSDT	+0.0037%	8h	10.997	−0.068%	$2.2M	$2.1M	75x	as long as short
Extended AVAX-USD	+0.0040%	1h	10.997	−0.070%	$647K	$2.3M	25x	as long as short
Paradex AVAX-USD-PERP	+0.0060%	8h	11.001	−0.036%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0072%	1h	11.000	−0.043%	$1.2M	$3.1M	10x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	10.997	−0.074%	$253K	—	3x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.997	−0.070%	$16K	$740K	50x	as long as short
Pacifica AVAX	+0.0100%	1h	11.002	−0.028%	$297K	$136K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.002	−0.025%	$15.5M	$25.3M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.973	−0.288%	$351K	$819K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.976	−0.261%	$177K	$705K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.998	−0.061%	$114K	$473K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.005	+0.003%	$207K	$328K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.022	+0.160%	$11K	$694K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.996	−0.075%	$349K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0143%	8h	10.992	−0.115%	$5.0M	$9.3M	100x	as long as short
Hyperliquid AVAX	+0.0178%	1h	11.014	+0.085%	$40.9M	$59.6M	10x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	10.992	−0.113%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0339%	1h	11.009	+0.040%	$4.6M	$14.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0244%	1h	11.003	−0.011%	$237K	—	120x	as long as short