Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.028%

Price spread now: Gate against Popdex0.000%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Popdex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now 0.000%, 7d avg −0.024%

Together, before fees−0.054%−$5 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: Gate is 0.024% dearer against Popdex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	11.228	0.0096	pay 0.0012% / 1h	5m 11s	$18K	$663K	50x
Short	Gate AVAX_USDT	11.228	0.0100	get 0.0100% / 8h	5m 11s	$12.5M	$40.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Popdex. 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 PopdexbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.84
Price spread: 0.000% → −0.024%: $2.36
Slippage, 4 orders: −$17.71
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.92
Costs to cover: 0.391%
Break-even: 306.3 days

Slippage from Popdex: live order book, 9 min ago; Gate: live order book, 4 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 Popdex live order book, 9 min ago	0.45 bp	4.5 bp −$4	8.3 bp −$83	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.44 bp	15.6 bp −$16	23.5 bp −$235	37.6 bp −$3,762	65.1 bp −$32.6K

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	−0.428%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0095%	1h	11.226	−0.018%	$296K	$877K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.229	+0.009%	$5.3M	$8.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.231	+0.031%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.229	+0.009%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.228	+0.003%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	11.228	long leg	$18K	$663K	50x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.225	−0.023%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.229	+0.005%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.232	+0.033%	$298K	$118K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.232	+0.032%	$120.3M	$510.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.228	0.000%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.225	−0.027%	$20.3M	$143.2M	50x	as long as short
Gate AVAX_USDTshort	+0.0100%	8h	11.228	0.000%	$12.5M	$40.4M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.226	−0.018%	$50.0M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.232	+0.036%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.227	−0.009%	$34.2M	$57.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.226	−0.018%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.227	−0.009%	$359K	$564K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.226	−0.018%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.224	−0.033%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	+0.089%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.230	+0.018%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.236	+0.071%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.261	+0.293%	$12K	$736K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.230	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.226	−0.022%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.225	−0.027%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.227	−0.006%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.226	−0.022%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.225	−0.027%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.228	+0.004%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.235	+0.063%	$4.6M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.259	+0.276%	$917K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0432% / S −0.0255%	1h	11.227	−0.006%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0765%	1h	11.242	+0.125%	$43.8M	$55.0M	10x	as long as short