Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Bybit against Gate+0.009%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.009%, 7d avg −0.021%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.030% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.133	0.0100	pay 0.0100% / 8h	4h 42m	$12.2M	$34.0M	75x
Short	Bybit AVAXUSDT	11.134	0.0100	get 0.0100% / 8h	4h 42m	$88.5M	$137.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.021%: $3.02
Slippage, 4 orders: −$22.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$45.89
Costs to cover: 0.489%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 2 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, 1 min ago	1.35 bp	16.1 bp −$16	23.7 bp −$237	38.4 bp −$3,837	65.9 bp −$32.9K
Sell Bybit live order book, 2 min ago	0.45 bp	10.1 bp −$10	17.0 bp −$170	39.1 bp −$3,906	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
Injective AVAX/USDC PERP	−0.1423%	1h	11.100	−0.296%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.122	−0.099%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0017%	1h	11.136	+0.031%	$287K	$373K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.132	−0.010%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.135	+0.018%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.127	−0.051%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.133	0.000%	$16K	$580K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.135	+0.022%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.135	+0.021%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.133	−0.001%	$290K	$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 AVAXUSDT	+0.0100%	8h	11.135	+0.018%	$118.1M	$427.2M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.134	+0.009%	$88.5M	$137.6M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.137	+0.036%	$20.3M	$115.9M	50x	as long as short
Gate AVAX_USDTlong	+0.0100%	8h	11.133	long leg	$12.2M	$34.0M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.135	+0.018%	$47.9M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.139	+0.054%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.135	+0.018%	$33.4M	$48.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.136	+0.027%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.122	−0.099%	$336K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.137	+0.040%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	+0.154%	$356K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.153	+0.180%	$179K	$674K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.138	+0.045%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.143	+0.090%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.155	+0.194%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.126	−0.063%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.124	−0.076%	$366K	$835K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.127	−0.054%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.129	−0.039%	$680K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.121	−0.103%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.126	−0.065%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.123	−0.090%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.133	0.000%	$890K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.135	+0.014%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.132	−0.010%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0624%	1h	11.148	+0.135%	$43.2M	$42.5M	10x	as long as short