Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.043%

Price spread now: Extended against Bitget−0.041%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.041%, 7d avg −0.033%

Together, before fees−0.123%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.282	0.0100	pay 0.0100% / 8h	1h 23m	$34.3M	$60.1M	75x
Short	Extended AVAX-USD	11.277	0.0104	get 0.0013% / 1h	23m 02s	$672K	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0.84
Price spread: −0.041% → −0.033%: −$0.77
Slippage, 4 orders: −$11.07
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$28.01
Costs to cover: 0.281%
Break-even: 240.4 days

Slippage from Bitget: live order book, 1 min ago; Extended: live order book, 6 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, 1 min ago	0.44 bp	9.2 bp −$9	15.1 bp −$151	26.3 bp −$2,627	doesn't fit
Sell Extended live order book, 6 min ago	0.89 bp	5.1 bp −$5	6.9 bp −$69	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	−0.0570%	1h	11.220	−0.550%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.280	−0.018%	$5.4M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0031%	1h	11.276	−0.053%	$297K	$895K	10x	as long as short
Variational Omni AVAX	−0.0005%	8h	11.249	−0.292%	$3.0M	$2.4M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.259	−0.205%	$104K	$112K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.281	−0.010%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.282	+0.003%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.277	−0.044%	$17K	$688K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.255	−0.235%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.281	−0.012%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.262	−0.180%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.281	−0.005%	$120.7M	$525.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.280	−0.018%	$89.4M	$157.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.278	−0.035%	$20.3M	$146.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.278	−0.035%	$12.4M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.282	0.000%	$52.3M	$100.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.287	+0.044%	$16.1M	$24.7M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.282	long leg	$34.3M	$60.1M	75x
BingX AVAX-USDT	+0.0100%	8h	11.280	−0.018%	—	$89.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.285	+0.027%	$362K	$570K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.247	−0.307%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.248	−0.301%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.278	−0.035%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.286	+0.035%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.307	+0.220%	$12K	$731K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.281	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.277	−0.040%	$365K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.279	−0.027%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.277	−0.041%	$672K	$2.2M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.280	−0.017%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.261	−0.186%	$910K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.279	−0.027%	$5.1M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.275	−0.061%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0406% / S −0.0251%	1h	11.281	−0.013%	$238K	—	120x	as long as short
Kraken Futures PF_AVAXUSD	+0.0627%	1h	11.288	+0.055%	$4.6M	$13.5M	50x	as long as short
Hyperliquid AVAX	+0.0628%	1h	11.300	+0.160%	$43.8M	$56.7M	10x	as long as short