Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0321%/8h= −35.1% APRpaid last 24h −0.090%

Price spread now: Paradex against GMX−0.063%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Paradex is 0.063% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX AVAX/USD [AVAX-USDC]	11.241	L +0.0420% / S −0.0273%	pay 0.0053% / 1h	41m 22s	$237K	—	120x
Short	Paradex AVAX-USD-PERP	11.234	0.0100	get 0.0100% / 8h	41m 22s	$13K	$766	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$67.33
Price spread: −0.063% → 0.000%: −$6.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$89.59
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Paradex: 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 GMX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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	−0.1451%	1h	11.200	−0.369%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.238	−0.031%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0091%	1h	11.235	−0.058%	$296K	$885K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.240	−0.013%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.242	+0.004%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0062%	8h	11.258	+0.148%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.239	−0.020%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.241	−0.004%	$18K	$676K	50x	as long as short
Paradex AVAX-USD-PERPshort	+0.0100%	8h	11.234	−0.063%	$13K	$766	20x
Aster AVAXUSDT	+0.0100%	8h	11.243	+0.015%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.241	−0.004%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.241	−0.008%	$120.3M	$517.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.240	−0.013%	$89.4M	$155.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.239	−0.022%	$20.2M	$144.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.242	+0.004%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.243	+0.013%	$52.1M	$93.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.247	+0.049%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.241	−0.004%	$34.3M	$58.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.240	−0.013%	—	$86.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.239	−0.022%	$359K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.244	+0.021%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.250	+0.076%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.244	+0.022%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.249	+0.067%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.270	+0.253%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.238	−0.031%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.229	−0.108%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.240	−0.013%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.236	−0.045%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.236	−0.046%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.248	+0.058%	$5.0M	$7.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.241	−0.003%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.245	+0.029%	$4.6M	$13.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.254	+0.111%	$917K	$8.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]long	L +0.0420% / S −0.0273%	1h	11.241	long leg	$237K	—	120x
Hyperliquid AVAX	+0.0840%	1h	11.261	+0.173%	$43.7M	$55.3M	10x	as long as short