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 +0.010%

Price spread now: Binance against Orderly0.000%7-day average −0.041% · you sell dearer than you buy

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.191%+$19 · spread now 0.000%, 7d avg −0.041%

Together, before fees+0.193%+$19 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: Binance is 0.041% dearer against Orderly than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.088	0.0100	pay 0.0100% / 8h	4h 27m	$195K	$310K	20x
Short	Binance AVAXUSDT	11.088	0.0100	get 0.0100% / 8h	4h 27m	$117.7M	$426.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.041%: $4.07
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$11.93
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 2 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 Binance live order book, 2 min ago	0.45 bp	6.1 bp −$6	10.6 bp −$106	40.6 bp −$4,060	116.6 bp −$58.3K

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 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	11.080	−0.072%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0031%	1h	11.077	−0.101%	$285K	$368K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0021%	1h	11.082	−0.054%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.077	−0.095%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.076	−0.108%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.089	+0.007%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.077	−0.099%	$15K	$548K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.076	−0.111%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.082	−0.056%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.078	−0.087%	$289K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDTshort	+0.0100%	8h	11.088	0.000%	$117.7M	$426.7M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.077	−0.099%	$87.8M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.085	−0.027%	$20.4M	$115.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.076	−0.108%	$12.2M	$34.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.080	−0.072%	$47.6M	$77.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.080	−0.072%	$15.6M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.084	−0.036%	$33.3M	$48.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.082	−0.054%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.075	−0.117%	$335K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.137	+0.438%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.143	+0.498%	$353K	$853K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.140	+0.469%	$179K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.082	−0.054%	$130K	$337K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.088	long leg	$195K	$310K	20x
SunX AVAX-USDT	+0.0100%	8h	11.113	+0.221%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.087	−0.009%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.091	+0.028%	$363K	$819K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.089	+0.009%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.082	−0.052%	$685K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.079	−0.080%	$254K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.089	+0.012%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.093	+0.045%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.087	−0.009%	$886K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.077	−0.098%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.077	−0.098%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0578%	1h	11.094	+0.054%	$43.0M	$42.4M	10x	as long as short