Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0163%/8h= −17.8% APRpaid last 24h −0.113%

Price spread now: Gate against Hyperliquid−0.120%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 7 days+0.118%+$12 · spread now −0.120%, 7d avg −0.038%

Together, before fees−0.009%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.082% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid AVAX	10.846	0.0218	pay 0.0027% / 1h	9m 14s	$41.0M	$39.8M	10x
Short	Gate AVAX_USDT	10.833	0.0055	get 0.0055% / 8h	3h 09m	$12.2M	$32.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Hyperliquid. 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 HyperliquidbpFee GatebpOrdersPrice spread, now −0.120%Rate

Funding earned: −$34.17
Price spread: −0.120% → −0.038%: −$8.16
Slippage, 4 orders: −$18.01
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$84.33
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 4 min ago; Gate: 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 Hyperliquid live order book, 4 min ago	0.92 bp	6.1 bp −$6	12.4 bp −$124	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.38 bp	14.9 bp −$15	20.8 bp −$208	39.9 bp −$3,992	67.8 bp −$33.9K

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	−0.1421%	1h	10.810	−0.332%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0027%	1h	10.833	−0.120%	$4.9M	$7.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.850	+0.037%	$95K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.835	−0.101%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.836	−0.089%	$4.2M	$11.0M	50x	as long as short
Nado AVAX-PERP	+0.0030%	1h	10.833	−0.115%	$281K	$308K	10x	as long as short
Gate AVAX_USDTshort	+0.0055%	8h	10.833	−0.120%	$12.2M	$32.6M	75x
Variational Omni AVAX	+0.0093%	8h	10.876	+0.281%	$2.9M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.833	−0.122%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.843	−0.028%	$6K	$440K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0097%	8h	10.857	+0.100%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.831	−0.142%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.856	+0.093%	$273K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.833	−0.120%	$113.6M	$416.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.827	−0.175%	$81.8M	$137.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.831	−0.138%	$19.6M	$109.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.833	−0.120%	$44.7M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.832	−0.129%	$14.9M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.828	−0.166%	$32.4M	$47.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.833	−0.120%	—	$54.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.856	+0.092%	$365K	$548K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.906	+0.553%	$343K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.908	+0.572%	$175K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.834	−0.111%	$127K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.839	−0.065%	$190K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.859	+0.120%	$11K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.832	−0.129%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.832	−0.124%	$356K	$769K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.836	−0.092%	$28.9M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.825	−0.192%	$667K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.832	−0.129%	$249K	—	3x	as long as short
Hyperliquid AVAXlong	+0.0218%	1h	10.846	long leg	$41.0M	$39.8M	10x
BloFin AVAX-USDT	+0.0220%	8h	10.822	−0.221%	$4.8M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.839	−0.065%	$882K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.822	−0.220%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0445% / S −0.0276%	1h	10.833	−0.118%	$237K	—	120x	as long as short