Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h −0.004%

Price spread now: Bybit against gTrade (Gains Network)−0.100%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 Bybit

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. Bybit is 0.100% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.4 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	10.989	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	45m 07s	$12K	—	150x
Short	Bybit AVAXUSDT	10.978	0.0100	get 0.0100% / 8h	3h 45m	$83.9M	$140.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.100%Rate

Funding earned: $20.66
Price spread: −0.100% → 0.000%: −$10.01
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$10.35
Costs to cover: 0.210%
Break-even: 10.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.45 bp	7.9 bp −$8	19.7 bp −$197	48.3 bp −$4,830	doesn't fit

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	−0.1421%	1h	10.960	−0.264%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.992	+0.027%	$5.1M	$7.8M	25x	as long as short
Nado AVAX-PERP	−0.0006%	1h	10.986	−0.023%	$285K	$319K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.990	+0.009%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	10.989	long leg	$12K	—	150x
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.992	+0.026%	$4.2M	$11.3M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.988	−0.009%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.989	0.000%	$15K	$456K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.989	−0.003%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.991	+0.018%	$2.2M	$1.1M	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	10.994	+0.049%	$277K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.987	−0.015%	$116.1M	$427.9M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	10.978	−0.100%	$83.9M	$140.8M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.983	−0.055%	$20.2M	$113.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.986	−0.027%	$12.2M	$32.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.987	−0.018%	$45.9M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.994	+0.046%	$15.5M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.985	−0.036%	$33.1M	$47.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.984	−0.046%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.985	−0.036%	$369K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.991	+0.014%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.998	+0.082%	$351K	$900K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.004	+0.137%	$177K	$668K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.990	+0.009%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.994	+0.046%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.020	+0.280%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.990	+0.009%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.992	+0.032%	$366K	$791K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.992	+0.027%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.988	−0.010%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.988	−0.013%	$252K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.993	+0.036%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.000	+0.100%	$893K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.987	−0.016%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0406%	1h	11.000	+0.096%	$42.7M	$41.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.991	+0.016%	$233K	—	120x	as long as short