Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.020%

Price spread now: gTrade (Gains Network) against Binance−0.061%7-day average — · you buy dearer than you sell

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

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.061% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	10.785	0.0100	pay 0.0100% / 8h	7h 41m	$113.9M	$398.8M	75x
Short	gTrade (Gains Network) AVAX/USD	10.778	L +0.0002% / S −0.0003%	get 0.0000% / 1h	41m 00s	$12K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.061%Rate

Funding earned: −$20.36
Price spread: −0.061% → 0.000%: −$6.12
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$46.48
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. 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 Binance live order book, 3 min ago	0.46 bp	6.3 bp −$6	13.6 bp −$136	46.1 bp −$4,610	167.2 bp −$83.6K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.779	−0.059%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0253%	1h	10.776	−0.086%	$281K	$326K	10x	as long as short
Phemex AVAXUSDT	−0.0104%	8h	10.779	−0.056%	$28.8M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0079%	8h	10.821	+0.331%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0064%	1h	10.774	−0.102%	$18K	$68K	10x	as long as short
Gate AVAX_USDT	−0.0033%	8h	10.783	−0.019%	$13.6M	$28.7M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.781	−0.036%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.777	−0.074%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0003%	1h	10.778	−0.061%	$12K	—	150x
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.232%	$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
Paradex AVAX-USD-PERP	+0.0091%	8h	10.774	−0.101%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.774	−0.105%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.772	−0.121%	$22K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.790	+0.046%	$35.9M	$41.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.781	−0.037%	$2.4M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.780	−0.044%	$271K	$128K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	10.785	long leg	$113.9M	$398.8M	75x
Bybit AVAXUSDT	+0.0100%	8h	10.784	−0.009%	$84.3M	$138.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.785	0.000%	$19.0M	$107.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.782	−0.028%	$53.3M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.783	−0.019%	$13.9M	$21.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.784	−0.009%	$33.0M	$45.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.784	−0.009%	—	$53.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.781	−0.037%	$439K	$533K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.781	−0.033%	$344K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.807	+0.204%	$174K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.779	−0.056%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.781	−0.037%	$233K	$244K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.803	+0.171%	$11K	$773K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.777	−0.070%	$334K	$871K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.780	−0.049%	$616K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.770	−0.144%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.785	0.000%	$857K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.777	−0.074%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.770	−0.136%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.797	+0.107%	$228K	—	120x	as long as short