Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.036%

Price spread now: Coinbase International against Bitget+0.236%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.198%+$20 on $10k

Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.236%, 7d avg +0.089%

Together, before fees−0.135%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.147% dearer against Bitget than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	10.583	0.0100	pay 0.0100% / 8h	2h 41m	$31.6M	$48.9M	75x
Short	Coinbase International AVAX-PERP-INTX	10.608	0.0216	get 0.0027% / 1h	41m 34s	$846K	$4.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now +0.236%Rate

Funding earned: $24.36
Price spread: +0.236% → +0.089%: $14.68
Slippage, 4 orders: −$22.98
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$5.94
Costs to cover: 0.450%
Break-even: 8.7 days

Slippage from Bitget: live order book, 2 min ago; Coinbase International: live order book, 2 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 Bitget live order book, 2 min ago	0.47 bp	9.2 bp −$9	16.2 bp −$162	36.1 bp −$3,615	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.83 bp	14.1 bp −$14	17.4 bp −$174	doesn't fit	doesn't fit

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	+1.672%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0281%	1h	10.601	+0.170%	$4.2M	$11.3M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0033%	1h	10.595	+0.113%	$4.7M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.596	+0.127%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.596	+0.120%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0016%	8h	10.591	+0.076%	$12.1M	$32.0M	75x	as long as short
Nado AVAX-PERP	+0.0025%	1h	10.595	+0.113%	$287K	$325K	10x	as long as short
Variational Omni AVAX	+0.0026%	8h	10.572	−0.107%	$2.8M	$2.2M	—	as long as short
Polymarket Perps AVAX-USD	+0.0035%	1h	10.593	+0.094%	$130K	$346K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.586	+0.024%	$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
Lighter AVAX	+0.0096%	1h	10.594	+0.104%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.587	+0.038%	$13K	$443K	50x	as long as short
Backpack AVAX_USDC_PERP	+0.0097%	1h	10.593	+0.094%	$372K	$534K	15x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.602	+0.180%	$38.2M	$43.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.595	+0.113%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.595	+0.113%	$266K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.594	+0.104%	$111.2M	$426.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.580	−0.028%	$78.5M	$143.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.584	+0.009%	$18.6M	$110.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.590	+0.066%	$41.3M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.590	+0.066%	$13.3M	$22.7M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	10.583	long leg	$31.6M	$48.9M	75x
BingX AVAX-USDT	+0.0100%	8h	10.586	+0.028%	—	$54.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.589	+0.057%	$337K	$960K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.592	+0.085%	$171K	$664K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.600	+0.161%	$168K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.622	+0.370%	$11K	$745K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.594	+0.104%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.595	+0.109%	$350K	$765K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.600	+0.161%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.579	−0.040%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.594	+0.099%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0216%	1h	10.608	+0.236%	$846K	$4.7M	50x
BloFin AVAX-USDT	+0.0220%	8h	10.596	+0.123%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.589	+0.060%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0263%	1h	10.595	+0.116%	$235K	—	120x	as long as short