Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.027%

Price spread now: Extended against Gate−0.024%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.024%, 7d avg −0.055%

Together, before fees−0.109%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.032% dearer against Gate than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.055%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.026% in total) that is about 8.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.110	0.0044	pay 0.0044% / 8h	2h 53m	$12.3M	$39.3M	75x
Short	Extended AVAX-USD	11.107	−0.0032	pay 0.0004% / 1h	53m 48s	$662K	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$15.96
Price spread: −0.024% → −0.055%: $3.19
Slippage, 4 orders: −$19.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$52.38
Costs to cover: 0.396%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago	1.35 bp	16.6 bp −$17	26.8 bp −$268	45.3 bp −$4,526	72.8 bp −$36.4K
Sell Extended live order book, 5 min ago	1.80 bp	4.3 bp −$4	6.8 bp −$68	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	11.142	+0.288%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0194%	8h	11.123	+0.121%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0160%	1h	11.138	+0.250%	$297K	$964K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.090%	$17K	$127K	12x	as long as short
Extended AVAX-USDshort	−0.0032%	1h	11.107	−0.024%	$662K	$2.2M	25x
dYdX AVAX-USD	0.0000%	1h	11.111	+0.014%	$97K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.149	+0.351%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0018%	8h	11.111	+0.009%	$84.5M	$149.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0028%	8h	11.109	−0.009%	$19.9M	$146.8M	50x	as long as short
Phemex AVAXUSDT	+0.0037%	8h	11.138	+0.252%	$29.8M	$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	11.110	long leg	$12.3M	$39.3M	75x
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.139	+0.261%	$888K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0061%	8h	11.105	−0.045%	$53.8M	$108.2M	200x	as long as short
Binance AVAXUSDT	+0.0063%	8h	11.103	−0.067%	$119.0M	$541.6M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	11.141	+0.283%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.104	−0.050%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.119	+0.081%	$12K	$699K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.124	+0.128%	$256K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.132	+0.199%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.160	+0.446%	$297K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.126	+0.144%	$15.7M	$24.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.105	−0.045%	$34.2M	$61.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.103	−0.063%	—	$90.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.143	+0.297%	$317K	$551K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.114	+0.035%	$358K	$905K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.113	+0.027%	$179K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.140	+0.270%	$117K	$477K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.149	+0.351%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.173	+0.564%	$12K	$710K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.146	+0.324%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.111	+0.010%	$355K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0181%	8h	11.177	+0.603%	$5.0M	$8.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.143	+0.295%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0257%	1h	11.152	+0.382%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0360%	1h	11.123	+0.117%	$42.0M	$58.2M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.148	+0.338%	$240K	—	120x	as long as short