Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0489%/8h= −53.6% APRpaid last 24h −0.119%

Price spread now: Gate against GMX−0.018%7-day average −0.056% · you buy dearer than you sell

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

Long on GMX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.381%−$38 on $10k

Price spread, last 4 days (all we have)+0.195%+$19 · spread now −0.018%, 7d avg −0.056%

Together, before fees−0.187%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.038% dearer against GMX than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.056%): +$4 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	10.766	L +0.0443% / S −0.0294%	pay 0.0055% / 1h	35m 46s	$227K	—	120x
Short	Gate AVAX_USDT	10.764	−0.0046	pay 0.0046% / 8h	7h 35m	$13.8M	$28.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$102.79
Price spread: −0.018% → −0.056%: $3.8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$125.98
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Gate: 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 Gate live order book, 3 min ago	0.93 bp	15.9 bp −$16	24.9 bp −$249	43.1 bp −$4,307	70.6 bp −$35.3K

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
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.769	+0.033%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0230%	1h	10.768	+0.020%	$280K	$325K	10x	as long as short
Variational Omni AVAX	−0.0081%	8h	10.763	−0.029%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0078%	1h	10.764	−0.018%	$18K	$68K	10x	as long as short
Phemex AVAXUSDT	−0.0076%	8h	10.765	−0.008%	$28.7M	$5.7M	50x	as long as short
Gate AVAX_USDTshort	−0.0046%	8h	10.764	−0.018%	$13.8M	$28.9M	75x
dYdX AVAX-USD	0.0000%	1h	10.773	+0.070%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.768	+0.020%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.767	+0.009%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.055%	$17K	$151K	12x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0087%	8h	10.765	−0.012%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.767	+0.008%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.763	−0.027%	$23K	$468K	50x	as long as short
GRVT AVAX_USDT_Perp	+0.0098%	8h	10.781	+0.141%	$337K	$1.2M	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.777	+0.103%	$35.9M	$40.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.772	+0.056%	$2.4M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.773	+0.066%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.762	−0.039%	$113.4M	$398.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.761	−0.045%	$84.2M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.761	−0.045%	$18.9M	$106.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.763	−0.027%	$53.3M	$79.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.766	+0.001%	$13.9M	$21.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.761	−0.045%	$32.9M	$45.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.761	−0.045%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.769	+0.029%	$438K	$535K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.788	+0.205%	$174K	$659K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.771	+0.047%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.768	+0.020%	$233K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.796	+0.283%	$11K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.779	+0.125%	$334K	$853K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.759	−0.067%	$612K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.758	−0.069%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.774	+0.075%	$854K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.765	−0.008%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.763	−0.028%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0443% / S −0.0294%	1h	10.766	long leg	$227K	—	120x