Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%

Price spread now: ApeX Omni against Orderly−0.045%7-day average −0.013% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.045%, 7d avg −0.013%

Together, before fees+0.063%+$6 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: ApeX Omni is 0.032% cheaper against Orderly than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.116	0.0100	pay 0.0100% / 8h	6h 23m	$195K	$313K	20x
Short	ApeX Omni AVAXUSDT	11.111	0.0100	get 0.0013% / 1h	23m 13s	$179K	$678K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.013%: −$3.15
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.15
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 45 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 45 min ago	4.46 bp	13.7 bp −$14	101.2 bp −$1,012	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVAX on 35 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	11.080	−0.324%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0045%	1h	11.110	−0.049%	$286K	$509K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.109	−0.063%	$5.2M	$8.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.120	+0.039%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.109	−0.061%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0054%	8h	11.111	−0.045%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.110	−0.054%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.112	−0.036%	$15K	$590K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.115	−0.008%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.111	−0.042%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.124	+0.068%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.115	−0.009%	$118.5M	$458.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.114	−0.018%	$88.6M	$143.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.114	−0.018%	$19.9M	$123.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.117	+0.009%	$48.8M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.116	0.000%	$15.6M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.111	−0.045%	$33.4M	$51.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.116	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.116	0.000%	$355K	$534K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.122	+0.051%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.111	−0.045%	$355K	$810K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.111	−0.045%	$179K	$678K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.113	−0.027%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.116	long leg	$195K	$313K	20x
SunX AVAX-USDT	+0.0100%	8h	11.142	+0.230%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.111	−0.045%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.114	−0.022%	$361K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.112	−0.036%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.108	−0.076%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.105	−0.097%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.109	−0.065%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.114	−0.022%	$4.3M	$11.9M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.116	0.000%	$903K	$5.9M	50x	as long as short
Hyperliquid AVAX	+0.0397%	1h	11.131	+0.135%	$43.2M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.110	−0.052%	$236K	—	120x	as long as short