Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0107%/8h= +11.7% APRpaid last 24h −0.025%

Price spread now: Gate against ApeX Omni−0.351%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.103%−$10 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now −0.351%, 7d avg −0.050%

Together, before fees−0.386%−$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.300% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.351% now, against its 7-day average of −0.050%). If the spread goes back, that is −$30 on $10k: about 9.4 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	10.840	−0.0150	get 0.0019% / 1h	53m 23s	$174K	$660K	50x
Short	Gate AVAX_USDT	10.802	−0.0043	pay 0.0043% / 8h	6h 53m	$14.1M	$28.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. 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 ApeX OmnibpFee GatebpOrdersPrice spread, now −0.351%Rate

Funding earned: $22.4
Price spread: −0.351% → −0.050%: −$30.04
Slippage, 4 orders: −$35.58
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$68.22
Costs to cover: 0.606%
Break-even: 28.3 days

Slippage from ApeX Omni: live order book, 40 min ago; Gate: live order book, 5 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 ApeX Omni live order book, 40 min ago	6.04 bp	14.0 bp −$14	72.4 bp −$724	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.38 bp	15.8 bp −$16	30.3 bp −$303	45.3 bp −$4,534	72.4 bp −$36.2K

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	−0.0186%	1h	10.818	−0.205%	$3.7M	$11.5M	50x	as long as short
ApeX Omni AVAXUSDTlong	−0.0150%	1h	10.840	long leg	$174K	$660K	50x
Variational Omni AVAX	−0.0101%	8h	10.862	+0.206%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0051%	1h	10.808	−0.295%	$18K	$68K	10x	as long as short
Gate AVAX_USDTshort	−0.0043%	8h	10.802	−0.351%	$14.1M	$28.1M	75x
Phemex AVAXUSDT	−0.0022%	8h	10.813	−0.249%	$28.8M	$5.6M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.811	−0.268%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.812	−0.258%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.897	+0.525%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.738%	$17K	$151K	12x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit AVAXUSDT	+0.0076%	8h	10.792	−0.443%	$84.0M	$135.8M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.805	−0.320%	$12K	$62	20x	as long as short
Nado AVAX-PERP	+0.0094%	1h	10.793	−0.434%	$274K	$311K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.807	−0.307%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.792	−0.443%	$21K	$447K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.802	−0.351%	$35.7M	$39.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.791	−0.448%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.812	−0.262%	$272K	$126K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.793	−0.434%	$113.6M	$387.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.798	−0.387%	$19.1M	$106.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.788	−0.480%	$53.4M	$72.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.803	−0.341%	$13.6M	$19.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.786	−0.498%	$32.8M	$45.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.795	−0.415%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.818	−0.203%	$437K	$529K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.881	+0.375%	$346K	$1.3M	10x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.791	−0.452%	$136K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.807	−0.304%	$234K	$219K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.846	+0.054%	$12K	$777K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.806	−0.315%	$321K	$943K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.798	−0.385%	$615K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.809	−0.288%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	10.826	−0.129%	$852K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.834	−0.055%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.809	−0.287%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.797	−0.399%	$228K	—	120x	as long as short