Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.021%

Price spread now: Bitget against Coinbase International+0.036%47s7-day average −0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.435% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.184%−$18 on $10k

Price spread, last 3 days (all we have)+0.459%+$46 · spread now +0.036%, 7d avg −0.091%

Together, before fees+0.275%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.127% dearer against Coinbase International than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.091%. Mind the row above: over the last 7 days funding on this pair cost −0.184%, so the current rate has only just turned in your favour. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.111	0.0056	pay 0.0007% / 1h	56m 23s	$897K	$8.0M	50x
Short	Bitget AVAXUSDT	11.115	0.0100	get 0.0100% / 8h	2h 56m	$34.2M	$61.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now +0.036%Rate

Funding earned: $9.24
Price spread: +0.036% → −0.091%: $12.75
Slippage, 4 orders: −$21.52
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$21.53
Costs to cover: 0.435%
Break-even: 23.3 days

Slippage from Coinbase International: live order book, 3 min ago; Bitget: live order book, 3 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 Coinbase International live order book, 3 min ago	3.59 bp	13.0 bp −$13	19.9 bp −$199	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.45 bp	9.5 bp −$10	18.1 bp −$181	33.7 bp −$3,371	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
Variational Omni AVAX	−0.0203%	8h	11.128	+0.150%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0200%	1h	11.107	−0.036%	$5.2M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0093%	1h	11.125	+0.131%	$298K	$963K	10x	as long as short
SoDEX AVAX-USD	−0.0087%	1h	11.106	−0.045%	$18K	$72K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.099%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0040%	1h	11.113	+0.020%	$662K	$2.2M	25x	as long as short
Backpack AVAX_USDC_PERP	−0.0011%	1h	11.115	+0.036%	$316K	$552K	15x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.130	+0.171%	$98K	$132K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.132	+0.189%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0010%	8h	11.116	+0.045%	$85.4M	$147.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AVAX-USDT-SWAP	+0.0023%	8h	11.120	+0.081%	$19.8M	$146.7M	50x	as long as short
Gate AVAX_USDT	+0.0042%	8h	11.121	+0.090%	$12.3M	$39.2M	75x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0056%	1h	11.111	long leg	$897K	$8.0M	50x
Phemex AVAXUSDT	+0.0056%	8h	11.110	−0.009%	$29.8M	$4.8M	50x	as long as short
Binance AVAXUSDT	+0.0060%	8h	11.118	+0.063%	$119.3M	$541.4M	75x	as long as short
MEXC AVAX_USDT	+0.0060%	8h	11.119	+0.072%	$54.3M	$107.9M	200x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	11.121	+0.087%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.123	+0.111%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.115	+0.036%	$17K	$698K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.104	−0.063%	$255K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.119	+0.076%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.127	+0.148%	$296K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.120	+0.081%	$16.2M	$24.7M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.115	+0.036%	$34.2M	$61.6M	75x
BingX AVAX-USDC	+0.0100%	8h	11.116	+0.045%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.122	+0.096%	$352K	$892K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.128	+0.153%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.121	+0.090%	$116K	$476K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.116	+0.045%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.136	+0.229%	$12K	$709K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.101	−0.095%	$355K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0181%	8h	11.111	0.000%	$5.0M	$8.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.118	+0.061%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.119	+0.068%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0379%	1h	11.136	+0.225%	$41.9M	$58.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0407% / S −0.0244%	1h	11.111	0.000%	$240K	—	120x	as long as short