Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.018%

Price spread now: gTrade (Gains Network) against Bitget+0.035%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.035% dearer against Bitget than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	11.221	0.0100	pay 0.0100% / 8h	19m 19s	$34.2M	$57.9M	75x
Short	gTrade (Gains Network) AVAX/USD	11.225	L +0.0002% / S −0.0003%	get 0.0000% / 1h	19m 19s	$13K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.035%Rate

Funding earned: −$20.36
Price spread: +0.035% → 0.000%: $3.48
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$38.88
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; gTrade (Gains Network): 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 Bitget live order book, 5 min ago	0.45 bp	9.3 bp −$9	16.0 bp −$160	29.5 bp −$2,951	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Injective AVAX/USDC PERP	−0.1451%	1h	11.190	−0.276%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.220	−0.009%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.220	−0.013%	$296K	$878K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.221	−0.004%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0003%	1h	11.225	+0.035%	$13K	—	150x
Variational Omni AVAX	+0.0088%	8h	11.220	−0.009%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.217	−0.038%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.220	−0.009%	$18K	$667K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.214	−0.065%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.221	0.000%	$2.3M	$1.7M	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	11.221	−0.004%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.222	+0.009%	$120.1M	$511.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.222	+0.009%	$89.4M	$154.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.222	+0.009%	$20.3M	$143.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.222	+0.009%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.224	+0.027%	$50.6M	$93.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.225	+0.036%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	11.221	long leg	$34.2M	$57.9M	75x
BingX AVAX-USDT	+0.0100%	8h	11.223	+0.018%	—	$86.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.216	−0.045%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.225	+0.032%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.227	+0.053%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.224	+0.027%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.231	+0.089%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.251	+0.267%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.222	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.219	−0.015%	$363K	$999K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.221	0.000%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.219	−0.014%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.222	+0.004%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.221	0.000%	$5.0M	$7.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.221	−0.001%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.227	+0.051%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.231	+0.089%	$912K	$7.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0428% / S −0.0285%	1h	11.223	+0.019%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0805%	1h	11.242	+0.188%	$43.7M	$54.9M	10x	as long as short