Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: OKX against Orderly−0.112%7-day average −0.071% · you buy dearer than you sell

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

Long on Orderly Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.112%, 7d avg −0.071%

Together, before fees+0.114%+$11 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: OKX is 0.040% cheaper against Orderly than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	10.738	0.0100	pay 0.0100% / 8h	1h 07m	$232K	$255K	20x
Short	OKX AVAX-USDT-SWAP	10.726	0.0100	get 0.0100% / 8h	1h 07m	$18.9M	$112.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.071%: −$4.03
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$20.03
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; OKX: 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 OKX live order book, 2 min ago	0.47 bp	7.4 bp −$7	14.3 bp −$143	47.2 bp −$4,724	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
Nado AVAX-PERP	−0.0195%	1h	10.715	−0.210%	$281K	$339K	10x	as long as short
Variational Omni AVAX	−0.0059%	8h	10.719	−0.181%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.725	−0.121%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.732	−0.056%	$4.8M	$7.0M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.730	−0.074%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0020%	8h	10.729	−0.084%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.205%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.719	−0.181%	$12K	$212	20x	as long as short
SoDEX AVAX-USD	+0.0088%	1h	10.731	−0.065%	$18K	$72K	10x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	10.729	−0.084%	$81.9M	$145.9M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.730	−0.073%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.723	−0.140%	$25K	$466K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.742	+0.037%	$37.3M	$43.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.729	−0.081%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.724	−0.130%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.732	−0.053%	$113.8M	$421.2M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	10.726	−0.112%	$18.9M	$112.0M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.732	−0.056%	$45.4M	$81.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.732	−0.056%	$13.7M	$22.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.730	−0.075%	$32.4M	$48.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.731	−0.065%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.736	−0.019%	$438K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.728	−0.092%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.728	−0.093%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.727	−0.102%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	10.738	long leg	$232K	$255K	20x
SunX AVAX-USDT	+0.0100%	8h	10.747	+0.088%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.732	−0.051%	$326K	$902K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.733	−0.047%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.724	−0.126%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.725	−0.117%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.731	−0.061%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.729	−0.084%	$853K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.729	−0.084%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.723	−0.136%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.732	−0.059%	$226K	—	120x	as long as short