Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0066%/8h= +7.2% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Gate+0.309%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$600.605% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.309%, 7d avg +0.054%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.255% dearer against Gate than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	10.685	0.0034	pay 0.0034% / 8h	1h 47m	$12.7M	$32.0M	75x
Short	ApeX Omni AVAXUSDT	10.718	0.0100	get 0.0013% / 1h	47m 06s	$173K	$664K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.309%Rate

Funding earned: $13.86
Price spread: +0.309% → +0.054%: $25.49
Slippage, 4 orders: −$35.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$21.11
Costs to cover: 0.605%
Break-even: 17.7 days

Slippage from Gate: live order book, 2 min ago; ApeX Omni: live order book, 61 min ago.

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 Gate live order book, 2 min ago	1.40 bp	16.2 bp −$16	26.8 bp −$268	40.6 bp −$4,061	66.7 bp −$33.3K
Sell ApeX Omni live order book, 61 min ago	5.66 bp	13.3 bp −$13	76.0 bp −$760	doesn't fit	doesn't fit

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
Nado AVAX-PERP	−0.0192%	1h	10.691	+0.061%	$286K	$338K	10x	as long as short
Variational Omni AVAX	−0.0038%	8h	10.723	+0.353%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.699	+0.132%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.688	+0.028%	$4.8M	$7.2M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.689	+0.039%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.702%	$17K	$152K	12x	as long as short
Gate AVAX_USDTlong	+0.0034%	8h	10.685	long leg	$12.7M	$32.0M	75x
SoDEX AVAX-USD	+0.0075%	1h	10.686	+0.009%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.696	+0.101%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0094%	8h	10.680	−0.047%	$81.4M	$147.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.685	+0.004%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.690	+0.047%	$23K	$428K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.689	+0.037%	$37.4M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.689	+0.040%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.702	+0.159%	$269K	$132K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.680	−0.042%	$113.6M	$427.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.680	−0.047%	$18.7M	$112.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.686	+0.009%	$44.6M	$80.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.687	+0.019%	$13.6M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.679	−0.056%	$32.3M	$48.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.681	−0.037%	—	$54.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.684	−0.009%	$427K	$561K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.716	+0.287%	$340K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	10.718	+0.309%	$173K	$664K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.689	+0.037%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.695	+0.094%	$230K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.715	+0.280%	$12K	$763K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.691	+0.061%	$342K	$873K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.690	+0.047%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.681	−0.037%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.688	+0.023%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.692	+0.066%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.734	+0.459%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.684	−0.009%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.683	−0.020%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.689	+0.041%	$226K	—	120x	as long as short