Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.003%

Price spread now: gTrade (Gains Network) against Orderly−0.032%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.032% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	10.838	0.0100	pay 0.0100% / 8h	3h 02m	$190K	$310K	20x
Short	gTrade (Gains Network) AVAX/USD	10.835	L +0.0002% / S −0.0003%	get 0.0000% / 1h	2m 35s	$12K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.032%Rate

Funding earned: −$20.36
Price spread: −0.032% → 0.000%: −$3.23
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$39.59
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): no order-book sample. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and gTrade (Gains Network): 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	−0.1421%	1h	10.800	−0.351%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0027%	1h	10.831	−0.065%	$4.9M	$7.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.779	−0.547%	$94K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0003%	1h	10.835	−0.032%	$12K	—	150x
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.832	−0.053%	$4.2M	$10.9M	50x	as long as short
Nado AVAX-PERP	+0.0038%	1h	10.833	−0.044%	$281K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0042%	8h	10.771	−0.618%	$12.2M	$32.8M	75x	as long as short
Variational Omni AVAX	+0.0081%	8h	10.844	+0.052%	$2.8M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.773	−0.600%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.744	−0.867%	$7K	$436K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0097%	8h	10.777	−0.566%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.781	−0.526%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.772	−0.611%	$271K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.769	−0.637%	$113.0M	$418.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.765	−0.674%	$80.7M	$140.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.768	−0.646%	$19.5M	$108.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.770	−0.627%	$43.6M	$79.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.771	−0.618%	$14.8M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.761	−0.710%	$32.2M	$47.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.765	−0.674%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.828	−0.092%	$369K	$525K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.847	+0.081%	$341K	$942K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.856	+0.166%	$174K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.831	−0.065%	$127K	$343K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	10.838	long leg	$190K	$310K	20x
SunX AVAX-USDT	+0.0100%	8h	10.860	+0.200%	$12K	$720K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.831	−0.065%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.832	−0.051%	$356K	$766K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.833	−0.046%	$28.9M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.761	−0.713%	$663K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.828	−0.096%	$249K	—	3x	as long as short
Hyperliquid AVAX	+0.0184%	1h	10.778	−0.554%	$40.5M	$40.1M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.831	−0.065%	$4.8M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.842	+0.037%	$883K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.828	−0.090%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0445% / S −0.0276%	1h	10.833	−0.045%	$236K	—	120x	as long as short