Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%

Price spread now: Orderly against Bitget−0.018%7-day average +0.072% · you buy dearer than you sell

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

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.018%, 7d avg +0.072%

Together, before fees−0.034%−$3 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 0.090% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.132	0.0100	pay 0.0100% / 8h	7h 41m	$33.7M	$56.1M	75x
Short	Orderly PERP_AVAX_USDC	11.130	0.0100	get 0.0100% / 8h	7h 41m	$196K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → +0.072%: −$8.99
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$26.99
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.90 bp	7.9 bp −$8	15.5 bp −$155	30.2 bp −$3,022	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
Injective AVAX/USDC PERP	−0.1363%	1h	11.090	−0.377%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0289%	1h	11.121	−0.099%	$5.3M	$8.7M	25x	as long as short
Nado AVAX-PERP	−0.0035%	1h	11.127	−0.045%	$292K	$853K	10x	as long as short
Gate AVAX_USDT	−0.0029%	8h	11.132	0.000%	$12.2M	$38.1M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.124	−0.070%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.125	−0.063%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.132	0.000%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.124	−0.072%	$18K	$641K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.120	−0.109%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.135	+0.028%	$2.3M	$1.6M	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	11.127	−0.047%	$295K	$117K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.134	+0.018%	$118.5M	$496.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.135	+0.027%	$88.6M	$151.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.131	−0.009%	$20.0M	$137.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.132	0.000%	$48.9M	$88.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.135	+0.027%	$15.4M	$23.6M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.132	long leg	$33.7M	$56.1M	75x
BingX AVAX-USDT	+0.0100%	8h	11.138	+0.054%	—	$85.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.135	+0.027%	$356K	$563K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	−0.047%	$2.9M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.080%	$358K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.144	+0.108%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.126	−0.054%	$131K	$385K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.130	−0.018%	$196K	$313K	20x
SunX AVAX-USDT	+0.0100%	8h	11.154	+0.199%	$12K	$730K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.131	−0.009%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.120	−0.103%	$360K	$966K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.131	−0.009%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.123	−0.084%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.127	−0.040%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.136	+0.039%	$4.3M	$12.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.134	+0.018%	$5.0M	$6.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.122	−0.091%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.138	+0.054%	$904K	$7.2M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.124	−0.070%	$248K	—	120x	as long as short
Hyperliquid AVAX	+0.0651%	1h	11.149	+0.153%	$43.5M	$53.7M	10x	as long as short