Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%

Price spread now: ApeX Omni against Orderly+0.455%70s7-day average −0.015% · you sell dearer than you buy

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

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)−0.310%−$31 · spread now +0.455%, 7d avg −0.015%

Together, before fees−0.245%−$24 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: ApeX Omni is 0.470% dearer against Orderly than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	10.990	0.0100	pay 0.0100% / 8h	4h 14m	$193K	$310K	20x
Short	ApeX Omni AVAXUSDT	11.040	0.0100	get 0.0013% / 1h	14m 06s	$178K	$671K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now +0.455%Rate

Funding earned: $0
Price spread: +0.455% → −0.015%: $47.02
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $31.02
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 44 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 Orderly no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 44 min ago	6.29 bp	14.2 bp −$14	87.3 bp −$873	doesn't fit	doesn't fit

Orderly: 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	−0.1423%	1h	10.990	0.000%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.984	−0.055%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0013%	1h	10.978	−0.105%	$286K	$371K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.982	−0.075%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.981	−0.081%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	10.986	−0.041%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.980	−0.091%	$15K	$550K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.979	−0.096%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.978	−0.111%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.985	−0.049%	$286K	$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	10.987	−0.027%	$115.7M	$430.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.984	−0.055%	$85.0M	$139.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.996	+0.055%	$20.2M	$114.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.985	−0.045%	$12.1M	$34.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.985	−0.045%	$46.2M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.990	0.000%	$15.4M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.991	+0.009%	$32.9M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.994	+0.036%	—	$78.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.988	−0.018%	$330K	$525K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.963	−0.249%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.041	+0.462%	$352K	$874K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.040	+0.455%	$178K	$671K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.980	−0.091%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	10.990	long leg	$193K	$310K	20x
SunX AVAX-USDT	+0.0100%	8h	11.010	+0.182%	$12K	$715K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.986	−0.036%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.986	−0.041%	$366K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.987	−0.027%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.981	−0.082%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.979	−0.100%	$252K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	10.986	−0.033%	$4.2M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.991	+0.009%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.994	+0.036%	$890K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.975	−0.139%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.981	−0.084%	$233K	—	120x	as long as short
Hyperliquid AVAX	+0.0512%	1h	11.000	+0.091%	$42.7M	$42.1M	10x	as long as short