Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.014%

Price spread now: gTrade (Gains Network) against MEXC+0.010%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on gTrade (Gains Network)

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	10.919	0.0100	pay 0.0100% / 8h	3h 16m	$45.5M	$78.8M	200x
Short	gTrade (Gains Network) AVAX/USD	10.920	L +0.0002% / S −0.0003%	get 0.0000% / 1h	16m 22s	$12K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against MEXC. 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 MEXCbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.010%Rate

Funding earned: −$20.36
Price spread: +0.010% → 0.000%: $1.01
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$29.35
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; gTrade (Gains Network): 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 MEXC live order book, 3 min ago	0.46 bp	0.5 bp $0	2.2 bp −$22	34.2 bp −$3,423	99.2 bp −$49.6K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	10.880	−0.357%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0025%	1h	10.918	−0.009%	$5.0M	$7.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.921	+0.017%	$96K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0003%	1h	10.920	+0.010%	$12K	—	150x
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.921	+0.021%	$4.2M	$11.0M	50x	as long as short
Nado AVAX-PERP	+0.0030%	1h	10.918	−0.009%	$283K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0079%	8h	10.917	−0.018%	$12.3M	$32.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.918	−0.005%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.920	+0.009%	$8K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.922	+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	10.925	+0.052%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.924	+0.043%	$275K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.918	−0.009%	$114.6M	$417.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.914	−0.046%	$82.7M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.916	−0.027%	$19.8M	$110.2M	50x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.919	long leg	$45.5M	$78.8M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.921	+0.018%	$15.0M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.916	−0.027%	$32.9M	$47.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.916	−0.027%	—	$54.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.919	0.000%	$371K	$546K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.916	−0.031%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.921	+0.018%	$351K	$945K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.938	+0.174%	$176K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.919	0.000%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.923	+0.037%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.948	+0.262%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.926	+0.064%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.925	+0.054%	$359K	$775K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.928	+0.082%	$29.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.913	−0.055%	$673K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.914	−0.050%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.923	+0.037%	$4.9M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.937	+0.165%	$890K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.915	−0.039%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0247%	1h	10.933	+0.128%	$41.9M	$40.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0279%	1h	10.921	+0.015%	$237K	—	120x	as long as short