Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: BingX against Orderly−0.092%7-day average −0.067% · you buy dearer than you sell

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

Long on Orderly Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.478%+$48 · spread now −0.092%, 7d avg −0.067%

Together, before fees+0.514%+$51 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: BingX is 0.024% cheaper against Orderly than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	10.913	0.0100	pay 0.0100% / 8h	4h 52m	$239K	$211K	20x
Short	BingX AVAX-USDT	10.903	0.0100	get 0.0100% / 8h	4h 52m	—	$38.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.067%: −$2.42
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$18.42
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 9 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 BingX live order book, 9 min ago	0.46 bp	5.5 bp −$5	6.3 bp −$63	12.4 bp −$1,243	36.5 bp −$18.3K

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 exchanges

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
Variational Omni AVAX	−0.0168%	8h	10.896	−0.159%	$3.1M	$1.9M	—	as long as short
Polymarket Perps AVAX-USD	−0.0138%	1h	10.898	−0.137%	$60K	$364K	10x	as long as short
Gate AVAX_USDT	−0.0118%	8h	10.903	−0.092%	$14.9M	$24.8M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0114%	1h	10.911	−0.022%	$3.8M	$10.7M	50x	as long as short
Bybit AVAXUSDT	−0.0095%	8h	10.900	−0.119%	$85.0M	$128.7M	75x	as long as short
Phemex AVAXUSDT	−0.0026%	8h	10.903	−0.092%	$29.1M	$5.5M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.909	−0.041%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.910	−0.027%	$5.0M	$6.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.906	−0.062%	$24K	—	150x	as long as short
Nado AVAX-PERP	+0.0017%	1h	10.894	−0.170%	$280K	$258K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.402%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0048%	8h	10.901	−0.110%	$19.3M	$98.5M	50x	as long as short
SoDEX AVAX-USD	+0.0052%	1h	10.907	−0.055%	$19K	$65K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.902	−0.103%	$12K	$62	20x	as long as short
Binance AVAXUSDT	+0.0094%	8h	10.905	−0.078%	$115.0M	$360.5M	75x	as long as short
MEXC AVAX_USDT	+0.0094%	8h	10.903	−0.092%	$53.9M	$66.5M	200x	as long as short
Lighter AVAX	+0.0096%	1h	10.906	−0.062%	$1.2M	$1.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.902	−0.101%	$24K	$427K	50x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.904	−0.083%	$2.3M	$1.2M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.907	−0.055%	$274K	$86K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.906	−0.064%	$14.4M	$18.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.900	−0.119%	$33.2M	$41.7M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	10.903	−0.092%	—	$38.0M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.907	−0.055%	$391K	$566K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.912	−0.008%	$341K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.917	+0.037%	$155K	$678K	50x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	10.913	long leg	$239K	$211K	20x
SunX AVAX-USDT	+0.0100%	8h	10.928	+0.137%	$12K	$773K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.903	−0.087%	$328K	$898K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.897	−0.144%	$621K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.899	−0.125%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0155%	1h	10.918	+0.046%	$36.5M	$33.2M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.905	−0.073%	$853K	$4.9M	50x	as long as short
BloFin AVAX-USDT	+0.0214%	8h	10.911	−0.018%	$4.7M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.897	−0.150%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0464% / S −0.0317%	1h	10.907	−0.059%	$241K	—	120x	as long as short