Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.036%

Price spread now: Bitget against Orderly+0.063%7-day average −0.074% · you sell dearer than you buy

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 3 days (all we have)+0.348%+$35 · spread now +0.063%, 7d avg −0.074%

Together, before fees+0.361%+$36 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: Bitget is 0.137% dearer against Orderly than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.121	0.0100	pay 0.0100% / 8h	2h 53m	$200K	$302K	20x
Short	Bitget AVAXUSDT	11.128	0.0100	get 0.0100% / 8h	2h 53m	$34.2M	$61.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → −0.074%: $13.72
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$4.28
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 1 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 Bitget live order book, 1 min ago	0.45 bp	8.9 bp −$9	16.6 bp −$166	33.8 bp −$3,377	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 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	−0.0290%	1h	11.114	−0.063%	$5.2M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0194%	8h	11.123	+0.022%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0080%	1h	11.116	−0.045%	$296K	$964K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.189%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0032%	1h	11.112	−0.081%	$662K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.111	−0.085%	$97K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.119	−0.017%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0018%	8h	11.118	−0.027%	$84.6M	$149.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0030%	8h	11.117	−0.036%	$19.9M	$146.9M	50x	as long as short
Phemex AVAXUSDT	+0.0040%	8h	11.115	−0.054%	$29.8M	$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_USDT	+0.0042%	8h	11.119	−0.018%	$12.3M	$39.4M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.126	+0.045%	$887K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0061%	8h	11.120	−0.009%	$53.3M	$108.4M	200x	as long as short
Binance AVAXUSDT	+0.0063%	8h	11.120	−0.009%	$119.2M	$541.7M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0090%	1h	11.124	+0.027%	$318K	$552K	15x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	11.109	−0.109%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.120	−0.009%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.112	−0.081%	$12K	$703K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.118	−0.026%	$255K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.119	−0.014%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.108	−0.112%	$295K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.119	−0.018%	$15.7M	$24.8M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.128	+0.063%	$34.2M	$61.7M	75x
BingX AVAX-USDC	+0.0100%	8h	11.121	0.000%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.188	+0.602%	$361K	$905K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.113	−0.072%	$179K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.119	−0.018%	$117K	$477K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.121	long leg	$200K	$302K	20x
SunX AVAX-USDT	+0.0100%	8h	11.147	+0.230%	$12K	$711K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.116	−0.045%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.117	−0.040%	$356K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0183%	8h	11.119	−0.018%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.116	−0.047%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.126	+0.042%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0369%	1h	11.137	+0.144%	$42.1M	$58.2M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.119	−0.014%	$239K	—	120x	as long as short