Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.040%

Price spread now: Gate against Coinbase International−0.331%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.247%−$25 on $10k

Price spread, last 3 days (all we have)+0.814%+$81 · spread now −0.331%, 7d avg −0.069%

Together, before fees+0.567%+$57 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Gate is 0.262% cheaper against Coinbase International than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.183	0.0056	pay 0.0007% / 1h	54m 26s	$907K	$8.1M	50x
Short	Gate AVAX_USDT	11.146	0.0044	get 0.0044% / 8h	2h 54m	$12.3M	$39.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.331%Rate

Funding earned: −$2.52
Price spread: −0.331% → −0.069%: −$26.16
Slippage, 4 orders: −$32
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$85.68
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Gate: live order book, 4 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, 5 min ago	3.59 bp	13.0 bp −$13	19.9 bp −$199	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.35 bp	13.6 bp −$14	22.7 bp −$227	38.3 bp −$3,828	67.2 bp −$33.6K

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
Deribit AVAX_USDC-PERPETUAL	−0.0197%	1h	11.183	0.000%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0194%	8h	11.123	−0.533%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0160%	1h	11.138	−0.405%	$297K	$964K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.742%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0032%	1h	11.127	−0.502%	$666K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.155	−0.255%	$98K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.193	+0.087%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0015%	8h	11.139	−0.393%	$84.8M	$149.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0026%	8h	11.134	−0.438%	$19.9M	$147.1M	50x	as long as short
Phemex AVAXUSDT	+0.0031%	8h	11.178	−0.045%	$30.0M	$4.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AVAX_USDTshort	+0.0044%	8h	11.146	−0.331%	$12.3M	$39.3M	75x
Coinbase International AVAX-PERP-INTXlong	+0.0056%	1h	11.183	long leg	$907K	$8.1M	50x
MEXC AVAX_USDT	+0.0061%	8h	11.149	−0.304%	$54.1M	$108.1M	200x	as long as short
Binance AVAXUSDT	+0.0061%	8h	11.120	−0.564%	$119.2M	$541.4M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	11.141	−0.372%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.156	−0.241%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.119	−0.572%	$12K	$699K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.181	−0.015%	$257K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.167	−0.139%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.160	−0.210%	$297K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.154	−0.259%	$15.9M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.141	−0.376%	$34.3M	$61.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.129	−0.483%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.180	−0.027%	$318K	$551K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.114	−0.618%	$358K	$905K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.113	−0.626%	$179K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.140	−0.385%	$117K	$477K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.197	+0.125%	$201K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.221	+0.337%	$12K	$709K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.181	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.190	+0.058%	$357K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0181%	8h	11.177	−0.054%	$5.0M	$8.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.143	−0.360%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0257%	1h	11.187	+0.039%	$4.7M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0399%	1h	11.156	−0.241%	$42.2M	$58.2M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0407% / S −0.0244%	1h	11.193	+0.089%	$241K	—	120x	as long as short