Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.137%

Price spread now: Gate against Injective+0.414%7-day average +0.177% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1211.207% of the position

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 3 days (all we have)−0.934%−$93 · spread now +0.414%, 7d avg +0.177%

Together, before fees−0.681%−$68 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.238% dearer against Injective than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.177%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	11.100	−0.0043	get 0.0005% / 1h	54m 33s	$17K	$127K	12x
Short	Gate AVAX_USDT	11.146	0.0044	get 0.0044% / 8h	2h 54m	$12.3M	$39.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now +0.414%Rate

Funding earned: $18.2
Price spread: +0.414% → +0.177%: $23.79
Slippage, 4 orders: −$105.72
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$78.75
Costs to cover: 1.207%
Break-even: 37.3 days

Slippage from Injective: live order book, 34 min ago; Gate: live order book, 4 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 Injective live order book, 34 min ago	27.20 bp	63.4 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.35 bp	13.6 bp −$14	22.7 bp −$227	38.3 bp −$3,828	67.2 bp −$33.6K

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	−0.0197%	1h	11.183	+0.748%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0194%	8h	11.123	+0.211%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0160%	1h	11.138	+0.340%	$297K	$964K	10x	as long as short
Injective AVAX/USDC PERPlong	−0.0043%	1h	11.100	long leg	$17K	$127K	12x
Extended AVAX-USD	−0.0032%	1h	11.127	+0.242%	$666K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.155	+0.491%	$98K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.193	+0.835%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0015%	8h	11.139	+0.351%	$84.8M	$149.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0026%	8h	11.134	+0.306%	$19.9M	$147.1M	50x	as long as short
Phemex AVAXUSDT	+0.0031%	8h	11.178	+0.703%	$30.0M	$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_USDTshort	+0.0044%	8h	11.146	+0.414%	$12.3M	$39.3M	75x
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.183	+0.748%	$907K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0061%	8h	11.149	+0.441%	$54.1M	$108.1M	200x	as long as short
Binance AVAXUSDT	+0.0061%	8h	11.120	+0.179%	$119.2M	$541.4M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	11.141	+0.373%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.156	+0.505%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.119	+0.171%	$12K	$699K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.181	+0.733%	$257K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.167	+0.608%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.160	+0.536%	$297K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.154	+0.486%	$15.9M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.141	+0.369%	$34.3M	$61.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.129	+0.261%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.180	+0.721%	$318K	$551K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.114	+0.125%	$358K	$905K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.113	+0.117%	$179K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.140	+0.360%	$117K	$477K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.197	+0.874%	$201K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.221	+1.087%	$12K	$709K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.181	+0.730%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.190	+0.806%	$357K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0181%	8h	11.177	+0.694%	$5.0M	$8.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.143	+0.385%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0257%	1h	11.187	+0.787%	$4.7M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0399%	1h	11.156	+0.505%	$42.2M	$58.2M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0407% / S −0.0244%	1h	11.193	+0.837%	$241K	—	120x	as long as short