Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.014%

Price spread now: Orderly against Extended+0.134%7-day average +0.105% · you sell dearer than you buy

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

Long on Extended Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.134%, 7d avg +0.105%

Together, before fees−0.023%+ Points / potential airdropExtended: Active · farm board−$2 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 0.029% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	11.109	0.0104	pay 0.0013% / 1h	27m 25s	$671K	$1.7M	25x
Short	Orderly PERP_AVAX_USDC	11.124	0.0100	get 0.0100% / 8h	6h 27m	$195K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Extended. 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 ExtendedbpFee OrderlybpOrdersPrice spread, now +0.134%Rate

Funding earned: −$0.84
Price spread: +0.134% → +0.105%: $2.89
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$8.95
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 1 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 Extended live order book, 1 min ago	0.45 bp	5.4 bp −$5	8.2 bp −$82	doesn't fit	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 35 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	−0.262%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0049%	1h	11.117	+0.071%	$286K	$509K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.113	+0.035%	$5.2M	$8.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.117	+0.072%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.120	+0.099%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0048%	8h	11.117	+0.071%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.114	+0.042%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.118	+0.080%	$15K	$595K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.115	+0.057%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.112	+0.022%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.122	+0.116%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.120	+0.101%	$118.6M	$460.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.117	+0.071%	$88.6M	$143.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.120	+0.098%	$20.0M	$124.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.121	+0.107%	$48.8M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.123	+0.125%	$15.6M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.118	+0.080%	$33.4M	$51.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.121	+0.107%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.116	+0.062%	$355K	$535K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	+0.159%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.106	−0.028%	$354K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.110	+0.008%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.124	+0.134%	$131K	$363K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.124	+0.134%	$195K	$313K	20x
SunX AVAX-USDT	+0.0100%	8h	11.139	+0.265%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.115	+0.053%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.107	−0.015%	$361K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.115	+0.053%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	11.109	long leg	$671K	$1.7M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.116	+0.065%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.120	+0.096%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.117	+0.069%	$4.3M	$11.9M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.121	+0.107%	$903K	$5.9M	50x	as long as short
Hyperliquid AVAX	+0.0409%	1h	11.134	+0.224%	$43.3M	$47.1M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.112	+0.030%	$236K	—	120x	as long as short