Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.021%

Price spread now: Extended against Bitget−0.008%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.008%, 7d avg −0.054%

Together, before fees−0.103%+ Points / potential airdropExtended: Active · farm board−$10 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: Extended is 0.046% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.144	0.0100	pay 0.0100% / 8h	5h 12m	$33.6M	$48.4M	75x
Short	Extended AVAX-USD	11.143	0.0104	get 0.0013% / 1h	12m 02s	$684K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0.84
Price spread: −0.008% → −0.054%: $4.62
Slippage, 4 orders: −$11.4
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$22.94
Costs to cover: 0.284%
Break-even: 198.2 days

Slippage from Bitget: live order book, 2 min ago; Extended: 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 Bitget live order book, 2 min ago	0.45 bp	8.2 bp −$8	14.2 bp −$142	37.0 bp −$3,696	doesn't fit
Sell Extended live order book, 1 min ago	0.45 bp	5.5 bp −$5	7.5 bp −$75	doesn't fit	doesn't fit

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	−0.1374%	1h	11.130	−0.126%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.146	+0.018%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0070%	1h	11.154	+0.090%	$287K	$397K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.155	+0.102%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.152	+0.073%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.151	+0.061%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.146	+0.019%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.152	+0.072%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.152	+0.074%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.152	+0.071%	$2.3M	$1.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.155	+0.102%	$291K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.146	+0.018%	$119.4M	$431.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.145	+0.009%	$88.5M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.147	+0.027%	$20.3M	$116.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.147	+0.027%	$12.2M	$35.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.145	+0.009%	$49.0M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.149	+0.045%	$15.8M	$21.8M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.144	long leg	$33.6M	$48.4M	75x
BingX AVAX-USDT	+0.0100%	8h	11.146	+0.018%	—	$81.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.145	+0.009%	$330K	$523K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.196	+0.469%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.180	+0.320%	$353K	$813K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.185	+0.368%	$180K	$675K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.154	+0.090%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.155	+0.099%	$196K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.180	+0.326%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.148	+0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.152	+0.076%	$365K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.149	+0.045%	$29.8M	$5.7M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.143	−0.008%	$684K	$1.5M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.149	+0.044%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.160	+0.144%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.161	+0.153%	$896K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.147	+0.023%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.152	+0.068%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0579%	1h	11.164	+0.179%	$43.6M	$42.9M	10x	as long as short