Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: BingX against Orderly−0.074%7-day average −0.067% · you buy dearer than you sell

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

Long on Orderly Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.074%, 7d avg −0.067%

Together, before fees+0.266%+$27 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	10.845	0.0100	pay 0.0100% / 8h	5h 51m	$234K	$217K	20x
Short	BingX AVAX-USDC	10.837	0.0100	get 0.0100% / 8h	5h 51m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → −0.067%: −$0.71
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$16.71
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 3 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 BingX live order book, 3 min ago	0.92 bp	13.0 bp −$13	24.3 bp −$243	81.6 bp −$8,160	517.0 bp −$258.5K

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 exchanges

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	−0.0140%	8h	10.876	+0.283%	$3.1M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0119%	8h	10.839	−0.055%	$14.5M	$26.7M	75x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0119%	1h	10.839	−0.055%	$5.0M	$6.6M	25x	as long as short
SoDEX AVAX-USD	−0.0092%	1h	10.837	−0.074%	$18K	$67K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.842	−0.026%	$3.7M	$10.9M	50x	as long as short
Bybit AVAXUSDT	−0.0051%	8h	10.834	−0.101%	$84.5M	$131.6M	75x	as long as short
Phemex AVAXUSDT	−0.0029%	8h	10.860	+0.138%	$28.9M	$5.6M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.846	+0.013%	$92K	$100K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.884	+0.360%	$23K	—	150x	as long as short
Nado AVAX-PERP	+0.0010%	1h	10.836	−0.078%	$275K	$300K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.784%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0093%	8h	10.835	−0.092%	$19.3M	$101.9M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.842	−0.030%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.840	−0.046%	$23K	$438K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.837	−0.075%	$12K	$62	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.854	+0.083%	$36.1M	$37.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.840	−0.046%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.843	−0.018%	$273K	$122K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.839	−0.055%	$114.4M	$373.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.841	−0.037%	$52.5M	$69.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.842	−0.028%	$14.2M	$18.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.835	−0.092%	$33.0M	$43.2M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	10.837	−0.074%	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.856	+0.101%	$438K	$522K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.881	+0.329%	$342K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.882	+0.341%	$175K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.840	−0.046%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	10.845	long leg	$234K	$217K	20x
SunX AVAX-USDT	+0.0100%	8h	10.868	+0.208%	$12K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.871	+0.237%	$326K	$949K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.831	−0.126%	$617K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.834	−0.106%	$249K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.856	+0.101%	$859K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.879	+0.314%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.832	−0.116%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.856	+0.101%	$229K	—	120x	as long as short