Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.044%

Price spread now: Orderly against ApeX Omni+0.382%7-day average +0.011% · you sell dearer than you buy

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

Long on ApeX Omni 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 3 days (all we have)−0.527%−$53 · spread now +0.382%, 7d avg +0.011%

Together, before fees−0.591%−$59 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 0.372% dearer against ApeX Omni than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	11.249	0.0100	pay 0.0013% / 1h	26m 28s	$181K	$684K	50x
Short	Orderly PERP_AVAX_USDC	11.292	0.0100	get 0.0100% / 8h	2h 26m	$203K	$302K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.382%Rate

Funding earned: $0
Price spread: +0.382% → +0.011%: $37.16
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $21.16
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 62 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 ApeX Omni live order book, 62 min ago	4.52 bp	11.9 bp −$12	100.3 bp −$1,003	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
Deribit AVAX_USDC-PERPETUAL	−0.0193%	1h	11.284	+0.311%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0142%	8h	11.251	+0.018%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.279	+0.271%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.260	+0.098%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.288	+0.347%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.287	+0.336%	$13K	—	150x	as long as short
Extended AVAX-USD	+0.0024%	1h	11.277	+0.251%	$672K	$2.3M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.294	+0.400%	$915K	$8.2M	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0061%	8h	11.279	+0.267%	$20.1M	$148.4M	50x	as long as short
Gate AVAX_USDT	+0.0063%	8h	11.285	+0.320%	$12.6M	$40.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0065%	8h	11.284	+0.311%	$30.3M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0083%	8h	11.282	+0.293%	$55.4M	$109.6M	200x	as long as short
Binance AVAXUSDT	+0.0083%	8h	11.281	+0.284%	$121.0M	$537.0M	75x	as long as short
Bybit AVAXUSDT	+0.0093%	8h	11.284	+0.311%	$88.8M	$154.1M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.286	+0.330%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.280	+0.276%	$7K	$700K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.278	+0.256%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.290	+0.363%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.289	+0.354%	$300K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.285	+0.320%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.282	+0.293%	$34.9M	$61.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.279	+0.267%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.289	+0.356%	$335K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.246	−0.024%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	11.249	long leg	$181K	$684K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.283	+0.302%	$131K	$480K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.292	+0.382%	$203K	$302K	20x
SunX AVAX-USDT	+0.0100%	8h	11.321	+0.637%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.284	+0.311%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.278	+0.256%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.286	+0.329%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0203%	8h	11.294	+0.400%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.281	+0.281%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.294	+0.396%	$4.7M	$13.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.295	+0.410%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0572%	1h	11.299	+0.444%	$43.7M	$58.5M	10x	as long as short