Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h +0.004%

Price spread now: gTrade (Gains Network) against Bybit+0.054%7-day average — · you sell dearer than you buy

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

Long on Bybit 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.054% dearer against Bybit than usual: you sell high and buy low (spread +0.054% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	11.197	0.0100	pay 0.0100% / 8h	7h 08m	$89.0M	$147.0M	75x
Short	gTrade (Gains Network) AVAX/USD	11.203	L +0.0002% / S −0.0003%	get 0.0000% / 1h	8m 15s	$13K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.054%Rate

Funding earned: −$20.36
Price spread: +0.054% → 0.000%: $5.36
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$36
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 6 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 Bybit live order book, 6 min ago	0.45 bp	8.0 bp −$8	13.0 bp −$130	43.3 bp −$4,327	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
Injective AVAX/USDC PERP	−0.1363%	1h	11.170	−0.241%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0066%	1h	11.204	+0.063%	$294K	$680K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.200	+0.027%	$5.3M	$8.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.206	+0.077%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0003%	1h	11.203	+0.054%	$13K	—	150x
Lighter AVAX	+0.0096%	1h	11.198	+0.009%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.201	+0.036%	$15K	$608K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.195	−0.015%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.203	+0.053%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.204	+0.066%	$297K	$107K	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	11.198	+0.009%	$119.5M	$474.6M	75x	as long as short
Bybit AVAXUSDTlong	+0.0100%	8h	11.197	long leg	$89.0M	$147.0M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.195	−0.018%	$20.0M	$130.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.198	+0.009%	$12.2M	$38.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.197	0.000%	$51.0M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.201	+0.036%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.196	−0.009%	$34.0M	$53.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.195	−0.018%	—	$84.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.196	−0.009%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.214	+0.149%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.202	+0.044%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.221	+0.214%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.204	+0.063%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.209	+0.107%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.236	+0.347%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.197	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.202	+0.041%	$364K	$945K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.198	+0.009%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.199	+0.018%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.202	+0.045%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.203	+0.050%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.204	+0.063%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.200	+0.027%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.212	+0.134%	$912K	$6.4M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.202	+0.041%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0666%	1h	11.211	+0.127%	$43.8M	$48.9M	10x	as long as short