Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.024%

Price spread now: Orderly against Aevo+0.109%7-day average +0.062% · you sell dearer than you buy

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

Long on Aevo Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.109%, 7d avg +0.062%

Together, before fees−0.106%−$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: Orderly is 0.047% dearer against Aevo than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	10.667	0.0104	pay 0.0013% / 1h	0m 41s	$245K	—	3x
Short	Orderly PERP_AVAX_USDC	10.679	0.0100	get 0.0100% / 8h	1h 00m	$230K	$255K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aevo. 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 AevobpFee OrderlybpOrdersPrice spread, now +0.109%Rate

Funding earned: −$0.84
Price spread: +0.109% → +0.062%: $4.67
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$18.17
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 43 min ago; Orderly: 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 Aevo live order book, 43 min ago	205.90 bp	438.3 bp −$438	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	−0.0194%	1h	10.670	+0.024%	$280K	$335K	10x	as long as short
Variational Omni AVAX	−0.0067%	8h	10.666	−0.017%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.673	+0.054%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.674	+0.062%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.673	+0.053%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0012%	8h	10.674	+0.062%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.868%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0073%	1h	10.672	+0.043%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0083%	8h	10.676	+0.081%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0085%	8h	10.673	+0.053%	$81.4M	$143.1M	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	10.671	+0.031%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.667	−0.004%	$25K	$473K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.681	+0.128%	$37.1M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.677	+0.089%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.677	+0.086%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.671	+0.038%	$113.0M	$418.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.675	+0.071%	$18.7M	$110.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.676	+0.081%	$45.4M	$81.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.673	+0.053%	$13.6M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.681	+0.128%	$32.4M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.677	+0.090%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.674	+0.062%	$435K	$558K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.681	+0.128%	$338K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.702	+0.324%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.672	+0.043%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	10.679	+0.109%	$230K	$255K	20x
SunX AVAX-USDT	+0.0100%	8h	10.697	+0.278%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.676	+0.084%	$325K	$884K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.674	+0.062%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.675	+0.067%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	10.667	long leg	$245K	—	3x
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.672	+0.040%	$3.8M	$12.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.677	+0.090%	$849K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.671	+0.034%	$4.6M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.668	+0.004%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.673	+0.055%	$225K	—	120x	as long as short