Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0195%/8h= +21.3% APRpaid last 24h +0.067%

Price spread now: GMX against Gate+0.057%7-day average +0.060% · you sell dearer than you buy

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.196%+$20 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.057%, 7d avg +0.060%

Together, before fees+0.045%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.041	0.0100	pay 0.0100% / 8h	4h 17m	$12.1M	$34.4M	75x
Short	GMX AVAX/USD [AVAX-USDC]	11.047	L +0.0436% / S −0.0295%	get 0.0037% / 1h	17m 09s	$234K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.057%Rate

Funding earned: $40.92
Price spread: +0.057% → +0.060%: −$0.28
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $13.63
Costs to cover: 0.270%
Break-even: 4.7 days

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	0.45 bp	13.1 bp −$13	23.0 bp −$230	40.5 bp −$4,045	70.0 bp −$35.0K
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	−0.1423%	1h	10.950	−0.824%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0022%	1h	11.041	0.000%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0021%	1h	11.036	−0.045%	$288K	$370K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.032	−0.086%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.047	+0.056%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.043	+0.023%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.042	+0.009%	$15K	$549K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.033	−0.072%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.039	−0.019%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.038	−0.027%	$288K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.045	+0.038%	$116.3M	$429.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.043	+0.018%	$87.6M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.048	+0.063%	$20.2M	$115.1M	50x	as long as short
Gate AVAX_USDTlong	+0.0100%	8h	11.041	long leg	$12.1M	$34.4M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.047	+0.054%	$46.5M	$78.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.049	+0.072%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.033	−0.072%	$33.1M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.037	−0.036%	—	$78.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.043	+0.018%	$332K	$525K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.013	−0.249%	$2.8M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.017	−0.220%	$352K	$874K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.021	−0.181%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.044	+0.027%	$130K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.050	+0.082%	$194K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.074	+0.301%	$12K	$711K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.044	+0.027%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.036	−0.050%	$367K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.046	+0.045%	$29.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.040	−0.013%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.044	+0.032%	$254K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0213%	1h	11.047	+0.052%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.044	+0.027%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.055	+0.127%	$885K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.039	−0.016%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0436% / S −0.0295%	1h	11.047	+0.057%	$234K	—	120x
Hyperliquid AVAX	+0.0533%	1h	11.051	+0.091%	$42.9M	$42.0M	10x	as long as short