Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.026%

Price spread now: Bitget against gTrade (Gains Network)−0.115%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Bitget is 0.115% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	10.902	L +0.0002% / S −0.0002%	pay 0.0000% / 1h	57m 48s	$23K	—	150x
Short	Bitget AVAXUSDT	10.890	0.0100	get 0.0100% / 8h	5h 57m	$33.1M	$44.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BitgetbpOrdersPrice spread, now −0.115%Rate

Funding earned: $20.66
Price spread: −0.115% → 0.000%: −$11.47
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.8
Costs to cover: 0.220%
Break-even: 11.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 4 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bitget live order book, 4 min ago	0.46 bp	8.8 bp −$9	14.5 bp −$145	26.6 bp −$2,659	doesn't fit

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 exchanges

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	−0.0139%	8h	10.909	+0.059%	$3.1M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0131%	1h	10.895	−0.069%	$19K	$68K	10x	as long as short
Gate AVAX_USDT	−0.0099%	8h	10.894	−0.078%	$14.5M	$26.6M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.899	−0.031%	$3.8M	$11.0M	50x	as long as short
Bybit AVAXUSDT	−0.0036%	8h	10.891	−0.105%	$84.9M	$132.8M	75x	as long as short
Phemex AVAXUSDT	−0.0030%	8h	10.897	−0.050%	$29.1M	$5.6M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.915	+0.118%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.900	−0.023%	$5.0M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0002%	1h	10.902	long leg	$23K	—	150x
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.307%	$17K	$151K	12x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AVAX-PERP	+0.0047%	1h	10.902	−0.005%	$277K	$302K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.895	−0.065%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.898	−0.041%	$23K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.900	−0.027%	$12K	$62	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.909	+0.060%	$36.3M	$38.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.896	−0.060%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.907	+0.041%	$274K	$122K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.892	−0.096%	$115.1M	$375.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.890	−0.115%	$19.4M	$103.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.894	−0.078%	$53.7M	$69.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.896	−0.060%	$14.3M	$19.1M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	10.890	−0.115%	$33.1M	$44.0M	75x
BingX AVAX-USDT	+0.0100%	8h	10.893	−0.087%	—	$52.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.899	−0.032%	$440K	$527K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.913	+0.095%	$350K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.917	+0.133%	$175K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.898	−0.041%	$138K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.907	+0.041%	$236K	$217K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.928	+0.230%	$11K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.902	−0.009%	$327K	$948K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.886	−0.148%	$618K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.902	−0.009%	$250K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.924	+0.197%	$863K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.902	−0.005%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.892	−0.098%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.912	+0.084%	$230K	—	120x	as long as short