Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0217%/8h= −23.8% APRpaid last 24h −0.039%

Price spread now: gTrade (Gains Network) against BloFin+0.036%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.036% dearer against BloFin than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	11.143	0.0220	pay 0.0220% / 8h	5h 27m	$5.1M	$5.5M	100x
Short	gTrade (Gains Network) AVAX/USD	11.147	L +0.0002% / S −0.0003%	get 0.0000% / 1h	27m 17s	$13K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against BloFin. 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 BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.036%Rate

Funding earned: −$45.56
Price spread: +0.036% → 0.000%: $3.59
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$63.97
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 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 BloFin live order book, 6 min ago	0.45 bp	8.6 bp −$9	14.5 bp −$145	26.1 bp −$2,606	67.2 bp −$33.6K
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
Injective AVAX/USDC PERP	−0.1374%	1h	11.120	−0.206%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0079%	1h	11.148	+0.049%	$287K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.143	0.000%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.151	+0.074%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0003%	1h	11.147	+0.036%	$13K	—	150x
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.147	+0.032%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.144	+0.011%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.148	+0.045%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.152	+0.077%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.148	+0.049%	$2.3M	$1.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.155	+0.111%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.149	+0.054%	$119.1M	$432.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.149	+0.054%	$88.5M	$138.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.150	+0.063%	$20.1M	$117.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.150	+0.063%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.149	+0.054%	$47.9M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.151	+0.072%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.143	0.000%	$33.4M	$48.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.148	+0.045%	—	$81.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.168	+0.224%	$357K	$496K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.168	+0.226%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.169	+0.233%	$358K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.179	+0.323%	$180K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.150	+0.063%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.150	+0.063%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.175	+0.284%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.144	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.167	+0.215%	$366K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.149	+0.054%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.140	−0.023%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.142	−0.013%	$256K	—	3x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	11.143	long leg	$5.1M	$5.5M	100x
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.160	+0.153%	$898K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.145	+0.017%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.145	+0.021%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0499%	1h	11.165	+0.197%	$43.4M	$43.1M	10x	as long as short