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 +0.007%

Price spread now: OKX against Orderly+0.264%7-day average −0.073% · you sell dearer than you buy

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

Long on Orderly Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.095%−$9 · spread now +0.264%, 7d avg −0.073%

Together, before fees−0.121%−$12 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: OKX is 0.337% dearer against Orderly than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.073%.

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 13m	$193K	$310K	20x
Short	OKX AVAX-USDT-SWAP	11.019	0.0100	get 0.0100% / 8h	4h 13m	$20.2M	$115.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.264%Rate

Funding earned: $0
Price spread: +0.264% → −0.073%: $33.68
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $17.68
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.45 bp	8.4 bp −$8	17.4 bp −$174	56.8 bp −$5,675	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	11.011	+0.188%	$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	10.992	+0.016%	$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	11.012	+0.204%	$116.0M	$430.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.012	+0.200%	$85.3M	$139.7M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	11.019	+0.264%	$20.2M	$115.1M	50x
Gate AVAX_USDT	+0.0100%	8h	10.998	+0.073%	$12.1M	$34.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.007	+0.155%	$46.3M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.009	+0.173%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.015	+0.227%	$33.0M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.010	+0.182%	—	$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 AVAXUSDT	+0.0100%	1h	11.040	+0.455%	$178K	$671K	50x	as long as short
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	11.004	+0.132%	$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	11.030	+0.364%	$42.8M	$42.1M	10x	as long as short