Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h +0.072%

Price spread now: GMX against Bybit+0.070%7-day average +0.087% · you sell dearer than you buy

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

Long on Bybit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.206%+$21 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.070%, 7d avg +0.087%

Together, before fees+0.096%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.087%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	10.917	0.0100	pay 0.0100% / 8h	3h 20m	$82.7M	$138.8M	75x
Short	GMX AVAX/USD [AVAX-USDC]	10.925	L +0.0436% / S −0.0279%	get 0.0035% / 1h	20m 44s	$237K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $37.5
Price spread: +0.070% → +0.087%: −$1.66
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: $12.83
Costs to cover: 0.230%
Break-even: 4.6 days

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.46 bp	8.0 bp −$8	13.2 bp −$132	35.1 bp −$3,509	doesn't fit
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	−0.1421%	1h	10.860	−0.522%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.922	+0.046%	$96K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.924	+0.064%	$5.0M	$7.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.925	+0.073%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.927	+0.093%	$4.2M	$11.1M	50x	as long as short
Nado AVAX-PERP	+0.0031%	1h	10.917	−0.002%	$283K	$309K	10x	as long as short
Gate AVAX_USDT	+0.0088%	8h	10.921	+0.037%	$12.2M	$32.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.927	+0.092%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.923	+0.055%	$7K	$454K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.920	+0.023%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.921	+0.033%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.924	+0.064%	$275K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.923	+0.057%	$114.7M	$423.5M	75x	as long as short
Bybit AVAXUSDTlong	+0.0100%	8h	10.917	long leg	$82.7M	$138.8M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.920	+0.027%	$19.7M	$111.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.923	+0.055%	$45.4M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.924	+0.064%	$15.0M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.920	+0.027%	$32.9M	$47.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.919	+0.018%	—	$54.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.919	+0.018%	$371K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.916	−0.013%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.931	+0.128%	$352K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.931	+0.128%	$176K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.921	+0.037%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.930	+0.119%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.954	+0.336%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.924	+0.064%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.924	+0.060%	$360K	$776K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.922	+0.046%	$29.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.917	0.000%	$673K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.918	+0.010%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.923	+0.055%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.923	+0.055%	$890K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.917	−0.003%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0265%	1h	10.938	+0.192%	$41.9M	$40.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0436% / S −0.0279%	1h	10.925	+0.070%	$237K	—	120x