Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h +0.137%

Price spread now: Gate against Injective+0.415%7-day average +0.178% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1201.201% of the position

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 3 days (all we have)−1.167%−$117 · spread now +0.415%, 7d avg +0.178%

Together, before fees−0.913%−$91 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.237% dearer against Injective than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.178%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	11.320	−0.0043	get 0.0005% / 1h	6m 54s	$17K	$152K	12x
Short	Gate AVAX_USDT	11.367	0.0067	get 0.0067% / 8h	2h 06m	$12.7M	$40.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Injective. 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 InjectivebpFee GatebpOrdersPrice spread, now +0.415%Rate

Funding earned: $23.03
Price spread: +0.415% → +0.178%: $23.71
Slippage, 4 orders: −$105.07
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.35
Costs to cover: 1.201%
Break-even: 29.3 days

Slippage from Injective: live order book, 17 min ago; Gate: 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 Injective live order book, 17 min ago	35.37 bp	53.0 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.76 bp	13.5 bp −$14	19.8 bp −$198	38.4 bp −$3,839	67.6 bp −$33.8K

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
Variational Omni AVAX	−0.0092%	8h	11.306	−0.122%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0081%	1h	11.373	+0.473%	$300K	$958K	10x	as long as short
Injective AVAX/USDC PERPlong	−0.0043%	1h	11.320	long leg	$17K	$152K	12x
Deribit AVAX_USDC-PERPETUAL	−0.0014%	1h	11.367	+0.415%	$5.4M	$9.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.369	+0.436%	$100K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.370	+0.437%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.339	+0.168%	$995K	$8.4M	50x	as long as short
Gate AVAX_USDTshort	+0.0067%	8h	11.367	+0.415%	$12.7M	$40.5M	75x
OKX AVAX-USDT-SWAP	+0.0090%	8h	11.353	+0.292%	$20.4M	$149.8M	50x	as long as short
Phemex AVAXUSDT	+0.0095%	8h	11.366	+0.406%	$30.4M	$4.9M	50x	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	11.366	+0.404%	$1.3M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.373	+0.468%	$13K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.371	+0.453%	$13K	$766	20x	as long as short
MEXC AVAX_USDT	+0.0099%	8h	11.354	+0.300%	$55.8M	$110.5M	200x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.367	+0.419%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.375	+0.490%	$302K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.353	+0.287%	$121.8M	$537.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.361	+0.362%	$91.1M	$156.1M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.368	+0.424%	$16.5M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.359	+0.345%	$35.0M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.356	+0.318%	—	$90.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.368	+0.424%	$340K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.320	−0.001%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.325	+0.044%	$183K	$682K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.372	+0.459%	$135K	$484K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.374	+0.477%	$205K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.399	+0.693%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.365	+0.398%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.368	+0.428%	$365K	$1.1M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.356	+0.321%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.361	+0.360%	$261K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.368	+0.424%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.366	+0.410%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.368	+0.424%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.369	+0.433%	$245K	—	120x	as long as short
Hyperliquid AVAX	+0.0683%	1h	11.386	+0.583%	$44.3M	$58.5M	10x	as long as short