Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.018%

Price spread now: gTrade (Gains Network) against Bitget−0.056%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.056% cheaper against Bitget than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.240	0.0100	pay 0.0100% / 8h	2h 33m	$34.5M	$61.2M	75x
Short	gTrade (Gains Network) AVAX/USD	11.234	L +0.0002% / S −0.0003%	get 0.0000% / 1h	33m 58s	$13K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.056%Rate

Funding earned: −$20.36
Price spread: −0.056% → 0.000%: −$5.6
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$47.96
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; gTrade (Gains Network): 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 Bitget live order book, 5 min ago	0.45 bp	11.2 bp −$11	16.0 bp −$160	34.9 bp −$3,493	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Variational Omni AVAX	−0.0155%	8h	11.233	−0.061%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0110%	1h	11.234	−0.053%	$297K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.246%	$17K	$127K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.232	−0.071%	$5.3M	$9.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.235	−0.046%	$99K	$115K	10x	as long as short
Extended AVAX-USD	0.0000%	1h	11.241	+0.007%	$669K	$2.3M	25x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0003%	1h	11.234	−0.056%	$13K	—	150x
Gate AVAX_USDT	+0.0051%	8h	11.242	+0.018%	$12.6M	$39.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0055%	8h	11.239	−0.009%	$20.0M	$147.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.236	−0.036%	$911K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0057%	8h	11.229	−0.098%	$30.1M	$4.8M	50x	as long as short
Bybit AVAXUSDT	+0.0073%	8h	11.243	+0.027%	$86.6M	$152.4M	75x	as long as short
MEXC AVAX_USDT	+0.0073%	8h	11.240	0.000%	$53.5M	$109.1M	200x	as long as short
Binance AVAXUSDT	+0.0075%	8h	11.239	−0.010%	$120.7M	$537.7M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.234	−0.050%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.228	−0.103%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.234	−0.053%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.226	−0.121%	$258K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.242	+0.022%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.239	−0.006%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.245	+0.044%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.240	long leg	$34.5M	$61.2M	75x
BingX AVAX-USDC	+0.0100%	8h	11.240	0.000%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.238	−0.018%	$333K	$560K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.243	+0.028%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.252	+0.107%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.238	−0.018%	$130K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.238	−0.018%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.264	+0.209%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.227	−0.116%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.226	−0.129%	$360K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0193%	8h	11.234	−0.053%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.234	−0.050%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.239	−0.005%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.232	−0.067%	$242K	—	120x	as long as short
Hyperliquid AVAX	+0.0496%	1h	11.250	+0.089%	$43.4M	$58.4M	10x	as long as short