Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.014%

Price spread now: Binance against gTrade (Gains Network)−0.091%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Binance

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

Funding pays, the price is against you. Binance is 0.091% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	11.150	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	38m 59s	$13K	—	150x
Short	Binance AVAXUSDT	11.140	0.0100	get 0.0100% / 8h	4h 38m	$118.2M	$427.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.091%Rate

Funding earned: $20.66
Price spread: −0.091% → 0.000%: −$9.15
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.49
Costs to cover: 0.200%
Break-even: 9.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 5 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	0.45 bp	5.4 bp −$5	12.1 bp −$121	40.7 bp −$4,067	125.1 bp −$62.6K

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	11.120	−0.271%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0031%	1h	11.159	+0.079%	$287K	$373K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.139	−0.100%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.169	+0.168%	$98K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	11.150	long leg	$13K	—	150x
Lighter AVAX	+0.0096%	1h	11.138	−0.111%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.152	+0.016%	$16K	$579K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.152	+0.016%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.143	−0.066%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.171	+0.185%	$291K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDTshort	+0.0100%	8h	11.140	−0.091%	$118.2M	$427.3M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.140	−0.091%	$88.5M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.143	−0.065%	$20.4M	$115.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.135	−0.136%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.136	−0.127%	$48.0M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.144	−0.056%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.136	−0.127%	$33.4M	$48.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.137	−0.118%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.136	−0.127%	$336K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.161	+0.101%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.157	+0.058%	$352K	$845K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	+0.034%	$179K	$673K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.154	+0.034%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.147	−0.029%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.178	+0.246%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.138	−0.109%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.138	−0.109%	$365K	$826K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.138	−0.109%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.137	−0.121%	$689K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.137	−0.114%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.139	−0.102%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.139	−0.100%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.158	+0.070%	$892K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.149	−0.014%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.150	−0.003%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0604%	1h	11.150	−0.002%	$43.2M	$42.3M	10x	as long as short