Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.021%

Price spread now: Phemex against gTrade (Gains Network)+0.018%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 Phemex

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	11.319	L +0.0002% / S −0.0004%	pay 0.0000% / 1h	11m 03s	$16K	—	150x
Short	Phemex AVAXUSDT	11.321	0.0100	get 0.0100% / 8h	2h 11m	$30.3M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.018%Rate

Funding earned: $20.66
Price spread: +0.018% → 0.000%: $1.77
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: $0.43
Costs to cover: 0.220%
Break-even: 6.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: 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 Phemex live order book, 3 min ago	2.65 bp	13.5 bp −$14	21.3 bp −$213	doesn't fit	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
Deribit AVAX_USDC-PERPETUAL	−0.0103%	1h	11.319	0.000%	$5.4M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0102%	8h	11.280	−0.345%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0079%	1h	11.310	−0.082%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.250	−0.610%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.304	−0.130%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0004%	1h	11.319	long leg	$16K	—	150x
Gate AVAX_USDT	+0.0056%	8h	11.319	0.000%	$12.7M	$40.4M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.318	−0.009%	$993K	$8.3M	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0085%	8h	11.321	+0.018%	$20.3M	$149.3M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.319	0.000%	$1.3M	$3.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended AVAX-USD	+0.0096%	1h	11.318	−0.010%	$676K	$2.2M	25x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.309	−0.088%	$10K	$702K	50x	as long as short
MEXC AVAX_USDT	+0.0096%	8h	11.318	−0.009%	$55.9M	$110.3M	200x	as long as short
Binance AVAXUSDT	+0.0097%	8h	11.319	+0.002%	$121.3M	$537.3M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.298	−0.186%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.319	+0.002%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.303	−0.143%	$300K	$121K	10x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.322	+0.027%	$90.8M	$155.9M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.322	+0.027%	$16.2M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.321	+0.018%	$34.9M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.320	+0.009%	—	$90.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.322	+0.027%	$339K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.317	−0.021%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.295	−0.212%	$182K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.317	−0.018%	$133K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.327	+0.071%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.328	+0.083%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.319	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.316	−0.022%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	11.321	+0.018%	$30.3M	$4.9M	50x
Aevo AVAX-PERP	+0.0104%	1h	11.317	−0.018%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0217%	8h	11.315	−0.035%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.315	−0.038%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.327	+0.073%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.317	−0.014%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0670%	1h	11.339	+0.177%	$44.1M	$58.9M	10x	as long as short