Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0049%/8h= +5.4% APRpaid last 24h +0.028%

Price spread now: Aevo against Gate−0.454%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,185as in the Price arb table

costs, in and out, $10k−$1,14111.406% of the position

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 3 days (all we have)−0.015%−$2 · spread now −0.454%, 7d avg −0.010%

Together, before fees+0.098%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.444% cheaper against Gate than usual: you would sell low and buy high (spread −0.454% now, against its 7-day average of −0.010%). If the spread goes back, that is −$44 on $10k: about 30 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.142	0.0047	pay 0.0047% / 8h	2h 52m	$12.4M	$39.4M	75x
Short	Aevo AVAX-PERP	11.091	0.0096	get 0.0012% / 1h	52m 06s	$255K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.454%Rate

Funding earned: $10.29
Price spread: −0.454% → −0.010%: −$44.42
Slippage, 4 orders: −$1,109.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1,174.75
Costs to cover: 11.406%
Break-even: 806.1 days

Slippage from Gate: live order book, 2 min ago; Aevo: live order book, 36 min ago.

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 Gate live order book, 2 min ago	1.35 bp	14.7 bp −$15	23.0 bp −$230	41.1 bp −$4,109	69.9 bp −$34.9K
Sell Aevo live order book, 36 min ago	256.32 bp	547.6 bp −$548	doesn't fit	doesn't fit	doesn't fit

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	−0.0378%	1h	11.144	+0.018%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0194%	8h	11.123	−0.167%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0086%	1h	11.148	+0.054%	$297K	$964K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.377%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0024%	1h	11.144	+0.022%	$662K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.136	−0.054%	$98K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.150	+0.074%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0021%	8h	11.144	+0.018%	$85.0M	$149.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0031%	8h	11.143	+0.009%	$20.0M	$147.2M	50x	as long as short
Phemex AVAXUSDT	+0.0041%	8h	11.141	−0.009%	$29.9M	$4.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AVAX_USDTlong	+0.0047%	8h	11.142	long leg	$12.4M	$39.4M	75x
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.147	+0.045%	$889K	$8.1M	50x	as long as short
Binance AVAXUSDT	+0.0062%	8h	11.145	+0.024%	$119.5M	$541.5M	75x	as long as short
MEXC AVAX_USDT	+0.0063%	8h	11.145	+0.027%	$53.9M	$108.5M	200x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	11.131	−0.101%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.142	+0.002%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.123	−0.171%	$12K	$703K	50x	as long as short
Aevo AVAX-PERPshort	+0.0096%	1h	11.091	−0.454%	$255K	—	3x
Aster AVAXUSDT	+0.0100%	8h	11.145	+0.025%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.132	−0.090%	$296K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.144	+0.018%	$15.8M	$24.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.145	+0.027%	$34.3M	$61.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.143	+0.009%	—	$90.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.147	+0.045%	$319K	$550K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.188	+0.413%	$361K	$905K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.113	−0.260%	$179K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.152	+0.090%	$117K	$477K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.152	+0.090%	$201K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.174	+0.285%	$12K	$712K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.145	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.137	−0.048%	$356K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0183%	8h	11.119	−0.206%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.148	+0.056%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0257%	1h	11.155	+0.119%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0382%	1h	11.156	+0.126%	$42.2M	$58.2M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.154	+0.111%	$240K	—	120x	as long as short