Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.028%

Price spread now: Gate against Aevo+0.008%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,141as in the Price arb table

costs, in and out, $10k−$1,14111.406% of the position

Long on Aevo Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 3 days (all we have)+0.461%+$46 · spread now +0.008%, 7d avg +0.010%

Together, before fees+0.348%+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.118	0.0096	pay 0.0012% / 1h	52m 46s	$255K	—	3x
Short	Gate AVAX_USDT	11.119	0.0042	get 0.0042% / 8h	2h 52m	$12.3M	$39.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aevo. 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 AevobpFee GatebpOrdersPrice spread, now +0.008%Rate

Funding earned: −$11.34
Price spread: +0.008% → +0.010%: −$0.19
Slippage, 4 orders: −$1,109.61
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,152.15
Costs to cover: 11.406%
Break-even: never at this rate

Slippage from Aevo: live order book, 36 min ago; Gate: live order book, 1 min ago.

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 Aevo live order book, 36 min ago	256.32 bp	563.2 bp −$563	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.35 bp	15.2 bp −$15	25.7 bp −$257	42.5 bp −$4,252	69.9 bp −$35.0K

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
Deribit AVAX_USDC-PERPETUAL	−0.0290%	1h	11.114	−0.037%	$5.2M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0194%	8h	11.123	+0.048%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0080%	1h	11.116	−0.019%	$296K	$964K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.163%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0032%	1h	11.120	+0.016%	$662K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.136	+0.161%	$98K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.119	+0.009%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0021%	8h	11.130	+0.107%	$84.7M	$149.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0031%	8h	11.128	+0.089%	$19.9M	$146.9M	50x	as long as short
Phemex AVAXUSDT	+0.0040%	8h	11.115	−0.028%	$29.8M	$4.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AVAX_USDTshort	+0.0042%	8h	11.119	+0.008%	$12.3M	$39.4M	75x
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.126	+0.071%	$887K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0061%	8h	11.118	−0.001%	$53.4M	$108.4M	200x	as long as short
Binance AVAXUSDT	+0.0062%	8h	11.130	+0.106%	$119.3M	$541.3M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0090%	1h	11.124	+0.053%	$318K	$552K	15x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	11.109	−0.083%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.129	+0.099%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.112	−0.055%	$12K	$703K	50x	as long as short
Aevo AVAX-PERPlong	+0.0096%	1h	11.118	long leg	$255K	—	3x
Aster AVAXUSDT	+0.0100%	8h	11.126	+0.070%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.108	−0.087%	$295K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.125	+0.062%	$15.8M	$24.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.124	+0.053%	$34.2M	$61.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.121	+0.026%	—	$90.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.188	+0.629%	$361K	$905K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.113	−0.046%	$179K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.119	+0.008%	$117K	$477K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.121	+0.026%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.147	+0.256%	$12K	$711K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.116	−0.019%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.117	−0.015%	$356K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0183%	8h	11.119	+0.008%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.116	−0.021%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.126	+0.068%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0373%	1h	11.142	+0.215%	$42.1M	$58.2M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.119	+0.012%	$239K	—	120x	as long as short