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 +0.014%

Price spread now: Bybit against Orderly−0.018%7-day average −0.081% · you buy dearer than you sell

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 3 days (all we have)+0.045%+$4 · spread now −0.018%, 7d avg −0.081%

Together, before fees0.000%$0 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: Bybit is 0.064% dearer against Orderly than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.240	0.0100	pay 0.0100% / 8h	6m 54s	$204K	$303K	20x
Short	Bybit AVAXUSDT	11.238	0.0100	get 0.0100% / 8h	6m 54s	$89.6M	$154.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.081%: $6.37
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$10.63
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Bybit: 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 Bybit live order book, 2 min ago	0.44 bp	7.8 bp −$8	12.8 bp −$128	37.0 bp −$3,704	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
Injective AVAX/USDC PERP	−0.1451%	1h	11.180	−0.534%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.235	−0.049%	$296K	$877K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.231	−0.080%	$5.3M	$8.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.247	+0.060%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.232	−0.072%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.233	−0.060%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.229	−0.098%	$18K	$663K	50x	as long as short
Variational Omni AVAX	+0.0099%	8h	11.203	−0.330%	$3.0M	$2.4M	—	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.243	+0.030%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.239	−0.007%	$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	11.249	+0.083%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.237	−0.023%	$120.4M	$510.8M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.238	−0.018%	$89.6M	$154.8M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.235	−0.044%	$20.3M	$143.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.238	−0.018%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.237	−0.027%	$50.1M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.242	+0.018%	$15.7M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.236	−0.036%	$34.3M	$57.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.237	−0.027%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.237	−0.027%	$359K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.224	−0.140%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.227	−0.116%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.232	−0.071%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.240	long leg	$204K	$303K	20x
SunX AVAX-USDT	+0.0100%	8h	11.260	+0.177%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.235	−0.044%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.229	−0.102%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.231	−0.080%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.236	−0.037%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.229	−0.101%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.227	−0.116%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.228	−0.103%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.240	−0.004%	$4.6M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.259	+0.169%	$917K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0432% / S −0.0254%	1h	11.231	−0.083%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0773%	1h	11.253	+0.116%	$43.9M	$55.0M	10x	as long as short