Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0364%/8h= −39.8% APRpaid last 24h −0.105%

Price spread now: Aster against GMX−0.056%7-day average −0.052% · you buy dearer than you sell

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 4 days (all we have)−0.359%−$36 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.056%, 7d avg −0.052%

Together, before fees−0.292%+ Points / potential airdropAster: Stage 5 · farm board−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	10.886	L +0.0464% / S −0.0317%	pay 0.0058% / 1h	48m 24s	$241K	—	120x
Short	Aster AVAXUSDT	10.880	0.0100	get 0.0100% / 8h	4h 48m	$2.2M	$1.2M	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

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 GMXbpFee AsterbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$76.34
Price spread: −0.056% → −0.052%: −$0.37
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$96.72
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	1.38 bp	9.6 bp −$10	21.7 bp −$217	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 exchanges

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
Variational Omni AVAX	−0.0169%	8h	10.886	−0.001%	$3.1M	$1.9M	—	as long as short
Polymarket Perps AVAX-USD	−0.0155%	1h	10.873	−0.117%	$60K	$352K	10x	as long as short
Gate AVAX_USDT	−0.0122%	8h	10.883	−0.025%	$14.9M	$24.8M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0114%	1h	10.888	+0.023%	$3.8M	$10.4M	50x	as long as short
Bybit AVAXUSDT	−0.0098%	8h	10.880	−0.053%	$84.8M	$128.4M	75x	as long as short
Phemex AVAXUSDT	−0.0014%	8h	10.873	−0.117%	$29.0M	$5.5M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.894	+0.073%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.888	+0.020%	$5.0M	$6.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.885	−0.003%	$24K	—	150x	as long as short
Nado AVAX-PERP	+0.0011%	1h	10.881	−0.044%	$279K	$257K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AVAX-USD	+0.0027%	1h	10.885	−0.007%	$19K	$65K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.155%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0039%	8h	10.883	−0.025%	$19.3M	$98.0M	50x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.887	+0.012%	$12K	$62	20x	as long as short
MEXC AVAX_USDT	+0.0092%	8h	10.878	−0.071%	$53.7M	$66.7M	200x	as long as short
Binance AVAXUSDT	+0.0093%	8h	10.882	−0.035%	$114.7M	$358.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.892	+0.057%	$1.2M	$1.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.881	−0.044%	$24K	$427K	50x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	10.880	−0.056%	$2.2M	$1.2M	75x
Pacifica AVAX	+0.0100%	1h	10.893	+0.065%	$274K	$86K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.884	−0.016%	$14.3M	$18.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.882	−0.035%	$33.2M	$41.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.881	−0.044%	—	$37.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.878	−0.071%	$390K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.897	+0.104%	$341K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.896	+0.094%	$155K	$680K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.892	+0.057%	$238K	$211K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.916	+0.277%	$12K	$771K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.883	−0.030%	$328K	$897K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.880	−0.050%	$618K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.883	−0.021%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0148%	1h	10.891	+0.051%	$36.4M	$33.2M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.877	−0.081%	$849K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0213%	8h	10.865	−0.191%	$4.7M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.872	−0.129%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0464% / S −0.0317%	1h	10.886	long leg	$241K	—	120x