Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.004%

Price spread now: Orderly against gTrade (Gains Network)+0.323%57s7-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 Orderly

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.323% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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	gTrade (Gains Network) AVAX/USD	11.125	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	43m 26s	$13K	—	150x
Short	Orderly PERP_AVAX_USDC	11.161	0.0100	get 0.0100% / 8h	4h 43m	$196K	$310K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.323%Rate

Funding earned: $20.66
Price spread: +0.323% → 0.000%: $32.27
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $36.93
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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 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	−0.1423%	1h	11.030	−0.855%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0021%	1h	11.145	+0.179%	$287K	$373K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.147	+0.201%	$98K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.153	+0.251%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	11.125	long leg	$13K	—	150x
Lighter AVAX	+0.0096%	1h	11.147	+0.199%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.140	+0.134%	$16K	$580K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.145	+0.180%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.152	+0.240%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.151	+0.228%	$291K	$114K	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	11.137	+0.104%	$118.1M	$427.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.136	+0.098%	$88.5M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.137	+0.107%	$20.3M	$116.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.147	+0.197%	$12.2M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.136	+0.098%	$47.9M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.141	+0.143%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.135	+0.089%	$33.4M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.144	+0.170%	—	$79.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.155	+0.269%	$337K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.137	+0.111%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	+0.225%	$356K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.153	+0.251%	$179K	$674K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.139	+0.125%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.161	+0.323%	$196K	$310K	20x
SunX AVAX-USDT	+0.0100%	8h	11.193	+0.608%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.154	+0.260%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.153	+0.253%	$367K	$832K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.154	+0.260%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.140	+0.135%	$680K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.153	+0.251%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.159	+0.304%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.147	+0.197%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.154	+0.260%	$892K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.133	+0.072%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.155	+0.273%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0640%	1h	11.152	+0.237%	$43.4M	$42.3M	10x	as long as short