Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0217%/8h= −23.8% APRpaid last 24h −0.039%

Price spread now: gTrade (Gains Network) against BloFin−0.026%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 −$7 a day on $10k at the current rate, and gTrade (Gains Network) is 0.026% cheaper against BloFin than usual: you would sell low and buy high (−$3 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	BloFin AVAX-USDT	11.167	0.0220	pay 0.0220% / 8h	4h 40m	$5.0M	$5.4M	100x
Short	gTrade (Gains Network) AVAX/USD	11.164	L +0.0002% / S −0.0003%	get 0.0000% / 1h	40m 27s	$13K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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 BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.026%Rate

Funding earned: −$45.56
Price spread: −0.026% → 0.000%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$70.15
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	0.45 bp	9.4 bp −$9	13.6 bp −$136	33.6 bp −$3,358	76.3 bp −$38.2K
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
Injective AVAX/USDC PERP	−0.1423%	1h	11.080	−0.779%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0038%	1h	11.179	+0.107%	$288K	$373K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.173	+0.057%	$98K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.167	0.000%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0003%	1h	11.164	−0.026%	$13K	—	150x
Lighter AVAX	+0.0096%	1h	11.178	+0.097%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.180	+0.116%	$16K	$579K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.175	+0.071%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.176	+0.081%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.182	+0.130%	$292K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.182	+0.132%	$118.6M	$427.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.182	+0.134%	$88.8M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.180	+0.116%	$20.4M	$116.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.177	+0.090%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.180	+0.116%	$48.3M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.183	+0.143%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.180	+0.116%	$33.5M	$48.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.177	+0.090%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.171	+0.036%	$337K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.161	−0.050%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	−0.151%	$356K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.153	−0.125%	$179K	$674K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.186	+0.170%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.175	+0.072%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.182	+0.131%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.168	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.162	−0.042%	$367K	$835K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.169	+0.018%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.175	+0.073%	$684K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.163	−0.039%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.171	+0.037%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	11.167	long leg	$5.0M	$5.4M	100x
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.151	−0.143%	$891K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.179	+0.104%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.164	−0.028%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0620%	1h	11.196	+0.260%	$43.4M	$42.5M	10x	as long as short