Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h +0.005%

Price spread now: gTrade (Gains Network) against Bybit−0.051%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.051% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	10.725	0.0085	pay 0.0085% / 8h	2h 03m	$82.4M	$149.0M	75x
Short	gTrade (Gains Network) AVAX/USD	10.720	L +0.0002% / S −0.0003%	get 0.0000% / 1h	3m 10s	$12K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.051%Rate

Funding earned: −$17.17
Price spread: −0.051% → 0.000%: −$5.13
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$43.3
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.47 bp	9.1 bp −$9	15.7 bp −$157	44.6 bp −$4,458	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	−0.1423%	1h	10.760	+0.326%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.728	+0.028%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0100%	1h	10.723	−0.014%	$287K	$340K	10x	as long as short
Variational Omni AVAX	−0.0030%	8h	10.729	+0.034%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.731	+0.060%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.724	−0.009%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0003%	1h	10.720	−0.051%	$12K	—	150x
Gate AVAX_USDT	+0.0043%	8h	10.725	0.000%	$12.6M	$33.2M	75x	as long as short
Bybit AVAXUSDTlong	+0.0085%	8h	10.725	long leg	$82.4M	$149.0M	75x
Lighter AVAX	+0.0096%	1h	10.725	0.000%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.718	−0.065%	$18K	$431K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.722	−0.030%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.736	+0.103%	$37.6M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.725	−0.001%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.728	+0.028%	$269K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.725	0.000%	$114.4M	$433.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.723	−0.019%	$18.8M	$114.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.728	+0.028%	$45.6M	$81.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.724	−0.009%	$13.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.725	0.000%	$32.5M	$49.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.723	−0.019%	—	$54.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.726	+0.009%	$428K	$589K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.721	−0.038%	$335K	$999K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.743	+0.168%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.720	−0.047%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.727	+0.019%	$231K	$352K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.750	+0.233%	$11K	$767K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.723	−0.019%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.723	−0.016%	$344K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.722	−0.028%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.718	−0.067%	$615K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.723	−0.014%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.738	+0.121%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.727	+0.019%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.716	−0.088%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.719	−0.053%	$227K	—	120x	as long as short