Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.024%

Price spread now: Orderly against Aevo+0.022%7-day average +0.062% · you sell dearer than you buy

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

Long on Aevo Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.022%, 7d avg +0.062%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.040% cheaper against Aevo than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	10.540	0.0104	pay 0.0013% / 1h	21m 45s	$242K	—	3x
Short	Orderly PERP_AVAX_USDC	10.542	0.0100	get 0.0100% / 8h	2h 21m	$167K	$300K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.022%Rate

Funding earned: −$0.84
Price spread: +0.022% → +0.062%: −$3.96
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$26.8
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 27 min ago; Orderly: 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 Aevo live order book, 27 min ago	223.38 bp	465.0 bp −$465	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.1423%	1h	10.760	+2.090%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.548	+0.079%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0049%	1h	10.537	−0.030%	$287K	$339K	10x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	−0.047%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.552	+0.113%	$88K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.541	+0.012%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.537	−0.023%	$12K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0010%	1h	10.546	+0.060%	$367K	$563K	15x	as long as short
Gate AVAX_USDT	+0.0019%	8h	10.545	+0.050%	$12.2M	$32.7M	75x	as long as short
Bybit AVAXUSDT	+0.0070%	8h	10.542	+0.022%	$77.9M	$145.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0089%	1h	10.539	−0.006%	$131K	$354K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.548	+0.083%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.540	+0.003%	$18K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.545	+0.050%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.555	+0.145%	$37.8M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.544	+0.042%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.550	+0.098%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.550	+0.093%	$112.3M	$430.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.551	+0.107%	$18.5M	$111.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.554	+0.136%	$43.6M	$80.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.545	+0.050%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.553	+0.126%	$32.0M	$49.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.553	+0.126%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.547	+0.069%	$338K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.559	+0.183%	$170K	$662K	50x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	10.542	+0.022%	$167K	$300K	20x
SunX AVAX-USDT	+0.0100%	8h	10.569	+0.283%	$11K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.543	+0.031%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.550	+0.102%	$343K	$804K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.542	+0.022%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.549	+0.089%	$634K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	10.540	long leg	$242K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.545	+0.050%	$835K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.532	−0.073%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.536	−0.036%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.536	−0.038%	$230K	—	120x	as long as short