Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.021%

Price spread now: Lighter against Gate+0.023%7-day average −0.015% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.023%, 7d avg −0.015%

Together, before fees−0.077%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.038% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.167	0.0100	pay 0.0100% / 8h	7h 17m	$12.2M	$38.2M	75x
Short	Lighter AVAX	11.170	0.0096	get 0.0012% / 1h	17m 11s	$1.2M	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$0.84
Price spread: +0.023% → −0.015%: $3.79
Slippage, 4 orders: −$22.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.49
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Lighter: 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, 2 min ago	1.35 bp	15.3 bp −$15	22.6 bp −$226	44.4 bp −$4,443	74.1 bp −$37.0K
Sell Lighter live order book, 5 min ago	2.02 bp	2.1 bp −$2	10.5 bp −$105	81.5 bp −$8,149	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	11.120	−0.421%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.165	−0.018%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERP	−0.0054%	1h	11.172	+0.049%	$293K	$732K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.174	+0.064%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.166	−0.013%	$13K	—	150x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.170	+0.023%	$1.2M	$3.1M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.171	+0.036%	$15K	$611K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.167	+0.003%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.170	+0.029%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.170	+0.030%	$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	11.179	+0.107%	$119.4M	$477.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.179	+0.107%	$89.0M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.179	+0.107%	$20.0M	$131.2M	50x	as long as short
Gate AVAX_USDTlong	+0.0100%	8h	11.167	long leg	$12.2M	$38.2M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.175	+0.072%	$48.8M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.171	+0.036%	$15.4M	$23.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.178	+0.099%	$33.9M	$53.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.178	+0.099%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.177	+0.090%	$357K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.163	−0.039%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.159	−0.071%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.163	−0.036%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.173	+0.054%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.173	+0.054%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.198	+0.276%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.170	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.168	+0.004%	$362K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.169	+0.018%	$29.9M	$5.2M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.167	−0.003%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.161	−0.054%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.173	+0.051%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.173	+0.054%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.166	−0.010%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.155	−0.107%	$921K	$6.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.164	−0.027%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0689%	1h	11.192	+0.224%	$43.7M	$49.6M	10x	as long as short