Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h −0.090%

Price spread now: Aster against GMX+0.018%7-day average −0.064% · you sell dearer than you buy

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.308%−$31 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.018%, 7d avg −0.064%

Together, before fees−0.316%+ Points / potential airdropAster: Stage 5 · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.082% dearer against GMX than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.064%): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	11.137	L +0.0436% / S −0.0298%	pay 0.0055% / 1h	29m 30s	$235K	—	120x
Short	Aster AVAXUSDT	11.139	0.0100	get 0.0100% / 8h	7h 29m	$2.3M	$1.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee AsterbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$70.65
Price spread: +0.018% → −0.064%: $8.16
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$82.49
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: live order book, 4 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	2.25 bp	8.0 bp −$8	16.7 bp −$167	doesn't fit	doesn't fit

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	11.090	−0.421%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0050%	1h	11.134	−0.026%	$292K	$830K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.132	−0.044%	$5.2M	$8.6M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.133	−0.033%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.137	−0.002%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.135	−0.015%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.137	+0.001%	$17K	$625K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.133	−0.039%	$13K	$514	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.139	+0.018%	$2.3M	$1.6M	75x
Pacifica AVAX	+0.0100%	1h	11.139	+0.019%	$296K	$100K	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	11.141	+0.035%	$118.7M	$485.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.142	+0.046%	$88.7M	$149.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.141	+0.037%	$19.9M	$133.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.136	−0.008%	$12.1M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.138	+0.010%	$48.8M	$88.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.139	+0.019%	$15.3M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.136	−0.008%	$33.8M	$54.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.139	+0.019%	—	$85.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.137	+0.001%	$356K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.145	+0.071%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.149	+0.107%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.128	−0.080%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.139	+0.019%	$131K	$375K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.148	+0.100%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.156	+0.172%	$12K	$725K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.133	−0.035%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.134	−0.021%	$361K	$951K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.135	−0.017%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.133	−0.038%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.128	−0.082%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.138	+0.009%	$4.3M	$12.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.140	+0.028%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.135	−0.018%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.132	−0.044%	$904K	$6.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0436% / S −0.0298%	1h	11.137	long leg	$235K	—	120x
Hyperliquid AVAX	+0.0684%	1h	11.155	+0.163%	$43.5M	$51.0M	10x	as long as short