Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.026%

Price spread now: Gate against ApeX Omni+0.224%96s7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.592% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 3 days (all we have)−0.388%−$39 · spread now +0.224%, 7d avg −0.055%

Together, before fees−0.503%−$50 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: Gate is 0.279% dearer against ApeX Omni than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.055%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	11.163	0.0100	pay 0.0013% / 1h	15m 46s	$179K	$688K	50x
Short	Gate AVAX_USDT	11.188	0.0100	get 0.0100% / 8h	7h 15m	$12.1M	$38.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. 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 ApeX OmnibpFee GatebpOrdersPrice spread, now +0.224%Rate

Funding earned: $0
Price spread: +0.224% → −0.055%: $27.86
Slippage, 4 orders: −$34.22
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.35
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 58 min ago; Gate: live order book, 3 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 ApeX Omni live order book, 58 min ago	6.24 bp	13.8 bp −$14	92.1 bp −$921	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.35 bp	16.1 bp −$16	22.4 bp −$224	36.9 bp −$3,686	65.3 bp −$32.6K

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	−0.1363%	1h	11.120	−0.385%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.181	+0.161%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERP	−0.0056%	1h	11.179	+0.143%	$293K	$732K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.181	+0.160%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.180	+0.150%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.184	+0.188%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.179	+0.143%	$15K	$612K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.179	+0.144%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.186	+0.206%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.181	+0.162%	$297K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.188	+0.225%	$119.5M	$476.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.189	+0.233%	$89.1M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.187	+0.215%	$20.0M	$131.1M	50x	as long as short
Gate AVAX_USDTshort	+0.0100%	8h	11.188	+0.224%	$12.1M	$38.3M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.190	+0.242%	$48.8M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.189	+0.233%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.191	+0.251%	$34.0M	$53.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.187	+0.215%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.187	+0.215%	$358K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	+0.132%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.159	−0.035%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	11.163	long leg	$179K	$688K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.182	+0.170%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.187	+0.215%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.211	+0.428%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.185	+0.197%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.176	+0.116%	$362K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.187	+0.215%	$30.0M	$5.2M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.188	+0.225%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.179	+0.143%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.187	+0.213%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.173	+0.090%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.180	+0.151%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.155	−0.072%	$921K	$6.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.178	+0.134%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0687%	1h	11.203	+0.358%	$43.8M	$49.6M	10x	as long as short