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 +0.022%

Price spread now: Phemex against Gate−0.063%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$570.575% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now −0.063%, 7d avg +0.034%

Together, before fees−0.082%−$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: Phemex is 0.097% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.101	0.0100	pay 0.0100% / 8h	4h 51m	$12.1M	$33.9M	75x
Short	Phemex AVAXUSDT	11.094	0.0100	get 0.0100% / 8h	4h 51m	$29.6M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → +0.034%: −$9.73
Slippage, 4 orders: −$30.45
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$67.19
Costs to cover: 0.575%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Phemex: 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, 3 min ago	1.35 bp	12.4 bp −$12	22.3 bp −$223	38.0 bp −$3,804	65.4 bp −$32.7K
Sell Phemex live order book, 3 min ago	1.35 bp	15.1 bp −$15	24.2 bp −$242	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
Injective AVAX/USDC PERP	−0.1423%	1h	11.090	−0.099%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0201%	1h	11.086	−0.135%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.106	+0.046%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.096	−0.044%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0002%	1h	11.104	+0.027%	$286K	$395K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0058%	1h	11.137	+0.324%	$179K	$673K	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.091	−0.090%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.104	+0.027%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.105	+0.037%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.109	+0.073%	$2.3M	$1.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.107	+0.058%	$290K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.095	−0.052%	$118.0M	$427.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.093	−0.072%	$88.3M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.092	−0.081%	$20.3M	$115.9M	50x	as long as short
Gate AVAX_USDTlong	+0.0100%	8h	11.101	long leg	$12.1M	$33.9M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.097	−0.036%	$48.3M	$77.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.104	+0.027%	$15.8M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.087	−0.126%	$33.3M	$48.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.096	−0.045%	—	$80.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.107	+0.054%	$336K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.148	+0.420%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.137	+0.324%	$355K	$835K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.101	0.000%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.099	−0.018%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.126	+0.228%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.090	−0.099%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.111	+0.088%	$365K	$829K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	11.094	−0.063%	$29.6M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	11.086	−0.140%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.090	−0.101%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.093	−0.075%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.093	−0.072%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.105	+0.036%	$890K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.094	−0.061%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.097	−0.035%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0710%	1h	11.118	+0.153%	$43.4M	$42.2M	10x	as long as short