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 +0.022%

Price spread now: Phemex against gTrade (Gains Network)+0.007%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Phemex

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	10.965	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	44m 16s	$12K	—	150x
Short	Phemex AVAXUSDT	10.966	0.0100	get 0.0100% / 8h	3h 44m	$29.3M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.007%Rate

Funding earned: $20.66
Price spread: +0.007% → 0.000%: $0.73
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$0.61
Costs to cover: 0.220%
Break-even: 7.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: 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 Phemex live order book, 5 min ago	3.18 bp	14.1 bp −$14	25.4 bp −$254	doesn't fit	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	−0.047%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.965	−0.002%	$96K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.965	−0.002%	$5.1M	$7.8M	25x	as long as short
Nado AVAX-PERP	+0.0001%	1h	10.963	−0.016%	$285K	$319K	10x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	10.965	long leg	$12K	—	150x
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.967	+0.020%	$4.2M	$11.3M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.965	−0.002%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.968	+0.026%	$15K	$456K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.967	+0.014%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.963	−0.017%	$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	10.969	+0.031%	$276K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.961	−0.035%	$115.8M	$428.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.955	−0.093%	$83.6M	$140.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.962	−0.029%	$20.1M	$113.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.964	−0.011%	$12.1M	$32.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.967	+0.016%	$45.7M	$78.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.972	+0.062%	$15.4M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.963	−0.020%	$33.0M	$47.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.963	−0.020%	—	$75.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.985	+0.181%	$369K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.991	+0.231%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.998	+0.299%	$351K	$900K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.004	+0.354%	$177K	$668K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.967	+0.016%	$128K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.968	+0.026%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.995	+0.269%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.965	−0.002%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.964	−0.006%	$365K	$792K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	10.966	+0.007%	$29.3M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	10.959	−0.052%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.965	−0.002%	$252K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.993	+0.254%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.971	+0.053%	$892K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.962	−0.031%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0404%	1h	10.982	+0.153%	$42.6M	$41.7M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.967	+0.018%	$233K	—	120x	as long as short