Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Bybit against Gate−0.018%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.018%, 7d avg −0.022%

Together, before fees+0.015%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.170	0.0100	pay 0.0100% / 8h	7h 20m	$12.2M	$38.2M	75x
Short	Bybit AVAXUSDT	11.168	0.0100	get 0.0100% / 8h	7h 20m	$88.9M	$148.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.022%: $0.38
Slippage, 4 orders: −$19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.62
Costs to cover: 0.450%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	1.79 bp	13.5 bp −$14	22.0 bp −$220	41.8 bp −$4,178	70.7 bp −$35.4K
Sell Bybit live order book, 4 min ago	0.45 bp	8.7 bp −$9	14.7 bp −$147	33.5 bp −$3,353	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
Injective AVAX/USDC PERP	−0.1363%	1h	11.090	−0.716%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.165	−0.045%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERP	−0.0050%	1h	11.160	−0.090%	$293K	$780K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.166	−0.038%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.167	−0.030%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.170	+0.002%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.164	−0.054%	$16K	$612K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.160	−0.092%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.165	−0.045%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.168	−0.019%	$297K	$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	11.169	−0.006%	$119.1M	$479.6M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.168	−0.018%	$88.9M	$148.1M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.168	−0.018%	$20.0M	$131.5M	50x	as long as short
Gate AVAX_USDTlong	+0.0100%	8h	11.170	long leg	$12.2M	$38.2M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.168	−0.018%	$48.9M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.169	−0.009%	$15.3M	$23.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.170	0.000%	$33.9M	$53.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.169	−0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.170	0.000%	$357K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.163	−0.066%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.172	+0.014%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.155	−0.134%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.167	−0.027%	$131K	$373K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.175	+0.045%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.198	+0.250%	$12K	$720K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.169	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.168	−0.013%	$362K	$945K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.169	−0.009%	$29.9M	$5.2M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.165	−0.045%	$671K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.161	−0.081%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.173	+0.025%	$4.3M	$12.6M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.160	−0.090%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.163	−0.064%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.170	0.000%	$923K	$6.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.167	−0.031%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0695%	1h	11.187	+0.152%	$43.7M	$49.5M	10x	as long as short