AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.80 per $10,000 · paid last 24h −0.022%

Price spread now: Gate against Phemex−0.093%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$600.602% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.093%, 7d avg −0.033%

Together, before fees+0.100%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.060% cheaper against Phemex than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVAXUSDT	10.727	0.0100	pay 0.0100% / 8h	1h 07m	$28.6M	$5.8M	50x
Short	Gate AVAX_USDT	10.717	0.0020	get 0.0020% / 8h	1h 07m	$12.9M	$32.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now −0.093%Rate

Funding earned: −$16.8
Price spread: −0.093% → −0.033%: −$6.03
Slippage, 4 orders: −$33.15
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$82.98
Costs to cover: 0.602%
Break-even: never at this rate

Slippage from Phemex: live order book, 7 min ago; Gate: live order book, 1 min ago.

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 Phemex live order book, 7 min ago	3.26 bp	15.8 bp −$16	24.4 bp −$244	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.93 bp	13.6 bp −$14	19.6 bp −$196	38.7 bp −$3,866	67.6 bp −$33.8K

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	−0.0196%	1h	10.714	−0.117%	$281K	$339K	10x	as long as short
Variational Omni AVAX	−0.0059%	8h	10.719	−0.079%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0030%	1h	10.727	0.000%	$4.8M	$7.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.725	−0.019%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.728	+0.010%	$12K	—	150x	as long as short
Gate AVAX_USDTshort	+0.0020%	8h	10.717	−0.093%	$12.9M	$32.5M	75x
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.308%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0086%	1h	10.726	−0.009%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.719	−0.078%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	10.721	−0.056%	$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	10.719	−0.079%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.723	−0.037%	$25K	$466K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.729	+0.017%	$37.2M	$43.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.726	−0.009%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.724	−0.028%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.723	−0.040%	$113.7M	$421.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.715	−0.112%	$18.8M	$111.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.718	−0.084%	$45.3M	$81.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.718	−0.084%	$13.7M	$22.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.719	−0.075%	$32.4M	$48.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.717	−0.093%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.734	+0.065%	$437K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.728	+0.010%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.728	+0.009%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.725	−0.019%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.731	+0.037%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.748	+0.200%	$12K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.726	−0.005%	$326K	$907K	75x	as long as short
Phemex AVAXUSDTlong	+0.0100%	8h	10.727	long leg	$28.6M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	10.713	−0.131%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.729	+0.022%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.726	−0.012%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.728	+0.009%	$853K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.732	+0.047%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.720	−0.068%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.729	+0.015%	$226K	—	120x	as long as short