Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Lighter+0.039%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

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

costs, in and out, $10k−$370.369% of the position

Long on Lighter Short on Gate

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)−0.038%−$4 · spread now +0.039%, 7d avg +0.015%

Together, before fees+0.034%+ Points / potential airdropLighter: Season 3 · farm board+$3 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: Gate is 0.024% dearer against Lighter than usual: you sell high and buy low, +$2 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	Lighter AVAX	11.248	0.0096	pay 0.0012% / 1h	27m 22s	$1.2M	$3.3M	10x
Short	Gate AVAX_USDT	11.252	0.0100	get 0.0100% / 8h	27m 22s	$12.5M	$40.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Lighter. 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 LighterbpFee GatebpOrdersPrice spread, now +0.039%Rate

Funding earned: $0.84
Price spread: +0.039% → +0.015%: $2.4
Slippage, 4 orders: −$21.9
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$33.65
Costs to cover: 0.369%
Break-even: 287.4 days

Slippage from Lighter: live order book, 5 min ago; Gate: live order book, 1 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 Lighter live order book, 5 min ago	2.14 bp	2.5 bp −$3	13.5 bp −$135	89.1 bp −$8,906	doesn't fit
Sell Gate live order book, 1 min ago	0.44 bp	16.7 bp −$17	21.9 bp −$219	40.7 bp −$4,066	70.2 bp −$35.1K

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	−0.1451%	1h	11.190	−0.512%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0099%	1h	11.245	−0.019%	$297K	$878K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0016%	1h	11.255	+0.066%	$5.3M	$8.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.248	0.000%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.257	+0.084%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0080%	8h	11.235	−0.110%	$3.0M	$2.4M	—	as long as short
Lighter AVAXlong	+0.0096%	1h	11.248	long leg	$1.2M	$3.3M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.252	+0.039%	$18K	$671K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.250	+0.024%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.252	+0.036%	$2.3M	$1.7M	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	11.250	+0.024%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.256	+0.075%	$120.4M	$512.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.257	+0.084%	$89.6M	$155.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.257	+0.084%	$20.3M	$144.1M	50x	as long as short
Gate AVAX_USDTshort	+0.0100%	8h	11.252	+0.039%	$12.5M	$40.3M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.254	+0.057%	$51.4M	$93.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.258	+0.092%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.256	+0.075%	$34.3M	$58.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.255	+0.066%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.250	+0.021%	$360K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.239	−0.076%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.243	−0.041%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.254	+0.057%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.266	+0.164%	$205K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.285	+0.332%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.250	+0.021%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.248	−0.001%	$364K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.249	+0.012%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.249	+0.011%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.251	+0.034%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.246	−0.014%	$5.0M	$7.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.252	+0.036%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.255	+0.065%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.245	−0.023%	$914K	$7.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0425% / S −0.0281%	1h	11.257	+0.086%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0813%	1h	11.272	+0.217%	$43.8M	$55.1M	10x	as long as short