Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.018%

Price spread now: Extended against Orderly−0.106%7-day average −0.105% · you buy dearer than you sell

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

Long on Orderly Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.106%, 7d avg −0.105%

Together, before fees+0.006%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.133	0.0100	pay 0.0100% / 8h	7h 39m	$196K	$313K	20x
Short	Extended AVAX-USD	11.121	0.0104	get 0.0013% / 1h	39m 12s	$666K	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0.84
Price spread: −0.106% → −0.105%: −$0.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$10.28
Costs to cover: 0.110%
Break-even: 92.7 days

Slippage unknown: Orderly: no order-book sample; Extended: live order book, 4 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 Extended live order book, 4 min ago	0.45 bp	3.8 bp −$4	5.8 bp −$58	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 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	−0.1363%	1h	11.100	−0.296%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.122	−0.099%	$5.3M	$8.7M	25x	as long as short
Nado AVAX-PERP	−0.0039%	1h	11.129	−0.036%	$292K	$842K	10x	as long as short
Gate AVAX_USDT	−0.0025%	8h	11.134	+0.009%	$12.2M	$38.1M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.144	+0.094%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.129	−0.038%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.125	−0.069%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.131	−0.018%	$18K	$636K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.135	+0.018%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.139	+0.054%	$2.3M	$1.6M	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	11.143	+0.092%	$296K	$106K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.126	−0.063%	$118.4M	$492.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.131	−0.018%	$88.6M	$150.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.125	−0.072%	$19.9M	$135.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.131	−0.018%	$48.9M	$88.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.139	+0.054%	$15.4M	$23.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.128	−0.045%	$33.7M	$55.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.129	−0.036%	—	$86.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.154	+0.189%	$357K	$558K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	−0.056%	$2.9M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.089%	$358K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.126	−0.063%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.134	+0.009%	$131K	$376K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.133	long leg	$196K	$313K	20x
SunX AVAX-USDT	+0.0100%	8h	11.171	+0.344%	$12K	$728K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.124	−0.081%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.124	−0.077%	$360K	$963K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.127	−0.054%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.121	−0.106%	$666K	$2.1M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.122	−0.098%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.128	−0.041%	$4.3M	$12.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.127	−0.054%	$5.0M	$6.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.131	−0.019%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.159	+0.234%	$907K	$7.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.129	−0.038%	$249K	—	120x	as long as short
Hyperliquid AVAX	+0.0649%	1h	11.149	+0.144%	$43.5M	$51.0M	10x	as long as short