Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.041%

Price spread now: Coinbase International against Gate+0.171%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

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

costs, in and out, $10k−$550.550% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.247%+$25 on $10k

Price spread, last 3 days (all we have)−0.654%−$65 · spread now +0.171%, 7d avg +0.069%

Together, before fees−0.407%−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.102% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.128	0.0044	pay 0.0044% / 8h	2h 51m	$12.4M	$39.4M	75x
Short	Coinbase International AVAX-PERP-INTX	11.147	0.0056	get 0.0007% / 1h	51m 25s	$889K	$8.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.171%Rate

Funding earned: $2.52
Price spread: +0.171% → +0.069%: $10.15
Slippage, 4 orders: −$29.97
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$42.29
Costs to cover: 0.550%
Break-even: 124.5 days

Slippage from Gate: live order book, 2 min ago; Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	2.70 bp	14.1 bp −$14	21.0 bp −$210	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	+0.144%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0194%	8h	11.123	−0.041%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0088%	1h	11.127	−0.013%	$296K	$959K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.252%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0024%	1h	11.125	−0.031%	$662K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.132	+0.031%	$98K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.132	+0.036%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0025%	8h	11.130	+0.018%	$84.8M	$149.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0032%	8h	11.129	+0.009%	$19.9M	$146.9M	50x	as long as short
Phemex AVAXUSDT	+0.0041%	8h	11.141	+0.117%	$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	+0.0044%	8h	11.128	long leg	$12.4M	$39.4M	75x
Coinbase International AVAX-PERP-INTXshort	+0.0056%	1h	11.147	+0.171%	$889K	$8.1M	50x
MEXC AVAX_USDT	+0.0061%	8h	11.126	−0.018%	$54.0M	$108.5M	200x	as long as short
Binance AVAXUSDT	+0.0064%	8h	11.128	+0.004%	$119.3M	$540.7M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	11.124	−0.033%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.129	+0.005%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.131	+0.027%	$12K	$702K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.091	−0.329%	$255K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.134	+0.052%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.129	+0.010%	$296K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.132	+0.036%	$15.8M	$24.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.130	+0.018%	$34.2M	$61.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.129	+0.009%	—	$90.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.147	+0.171%	$319K	$550K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.188	+0.539%	$361K	$905K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.114	−0.126%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.130	+0.018%	$117K	$466K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.152	+0.216%	$201K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.174	+0.411%	$12K	$712K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.145	+0.153%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.137	+0.077%	$356K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0183%	8h	11.119	−0.081%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.127	−0.010%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0257%	1h	11.155	+0.245%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0357%	1h	11.144	+0.144%	$42.1M	$58.2M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.130	+0.016%	$240K	—	120x	as long as short