Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0216%/8h= +23.7% APRpaid last 24h +0.055%

Price spread now: Coinbase International against Gate−0.252%7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.264%+$26 on $10k

Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.252%, 7d avg +0.073%

Together, before fees+0.468%+$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.325% cheaper against Gate than usual: you would sell low and buy high (spread −0.252% now, against its 7-day average of +0.073%). If the spread goes back, that is −$33 on $10k: about 5.0 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	10.695	0.0008	pay 0.0008% / 8h	19m 40s	$13.2M	$30.8M	75x
Short	Coinbase International AVAX-PERP-INTX	10.668	0.0224	get 0.0028% / 1h	19m 40s	$847K	$4.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.252%Rate

Funding earned: $45.36
Price spread: −0.252% → +0.073%: −$32.54
Slippage, 4 orders: −$28.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$40.21
Costs to cover: 0.530%
Break-even: 13.2 days

Slippage from Gate: live order book, 4 min ago; Coinbase International: live order book, 4 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, 4 min ago	0.47 bp	13.1 bp −$13	20.6 bp −$206	38.5 bp −$3,852	59.3 bp −$29.6K
Sell Coinbase International live order book, 4 min ago	2.81 bp	11.0 bp −$11	18.5 bp −$185	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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.689	−0.058%	$3.8M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0170%	1h	10.681	−0.131%	$288K	$329K	10x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.667	−0.265%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.688	−0.065%	$4.8M	$6.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.698	+0.025%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.692	−0.026%	$12K	—	150x	as long as short
Gate AVAX_USDTlong	+0.0008%	8h	10.695	long leg	$13.2M	$30.8M	75x
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.608%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0090%	8h	10.695	−0.004%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0096%	8h	10.695	0.000%	$81.7M	$139.6M	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	10.695	−0.004%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.701	+0.056%	$25K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.704	+0.084%	$36.8M	$41.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.694	−0.009%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.698	+0.031%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.695	−0.002%	$113.0M	$406.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.695	0.000%	$18.8M	$107.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.697	+0.019%	$45.4M	$79.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.695	0.000%	$13.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.696	+0.009%	$32.4M	$46.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.695	0.000%	—	$53.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.696	+0.009%	$436K	$547K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.674	−0.197%	$335K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.681	−0.131%	$172K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.686	−0.084%	$134K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.695	0.000%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.717	+0.207%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.689	−0.056%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.685	−0.093%	$325K	$863K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.691	−0.037%	$28.5M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.693	−0.017%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.684	−0.101%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.669	−0.243%	$4.6M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0224%	1h	10.668	−0.252%	$847K	$4.7M	50x
Reya AVAXRUSDPERP	+0.0245%	1h	10.683	−0.114%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.693	−0.022%	$225K	—	120x	as long as short