Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h −0.004%

Price spread now: Bybit against gTrade (Gains Network)+0.012%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Bybit

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	11.214	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	11m 12s	$13K	—	150x
Short	Bybit AVAXUSDT	11.215	0.0100	get 0.0100% / 8h	7h 11m	$89.1M	$147.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.012%Rate

Funding earned: $20.66
Price spread: +0.012% → 0.000%: $1.25
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $0.91
Costs to cover: 0.210%
Break-even: 6.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.45 bp	7.9 bp −$8	15.2 bp −$152	35.7 bp −$3,571	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 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	−0.389%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0062%	1h	11.219	+0.048%	$294K	$727K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.215	+0.011%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.212	−0.014%	$5.3M	$8.4M	25x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	11.214	long leg	$13K	—	150x
Lighter AVAX	+0.0096%	1h	11.212	−0.011%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.219	+0.048%	$15K	$608K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.221	+0.070%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.222	+0.077%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.223	+0.083%	$298K	$100K	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	11.213	−0.010%	$119.7M	$475.7M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.215	+0.012%	$89.1M	$147.2M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.213	−0.005%	$20.0M	$130.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.219	+0.048%	$12.2M	$38.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.212	−0.014%	$51.0M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.217	+0.030%	$15.5M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.208	−0.050%	$34.0M	$53.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.208	−0.050%	—	$84.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.214	+0.004%	$359K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.214	0.000%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.202	−0.104%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.190	−0.210%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.221	+0.066%	$132K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.219	+0.048%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.248	+0.306%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.213	−0.005%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.207	−0.056%	$364K	$943K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.217	+0.030%	$30.1M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.210	−0.028%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.212	−0.014%	$258K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.216	+0.023%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.210	−0.032%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.217	+0.033%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.223	+0.084%	$913K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.214	+0.001%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0676%	1h	11.236	+0.200%	$43.9M	$49.6M	10x	as long as short