Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.011%

Price spread now: OKX against gTrade (Gains Network)−0.066%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on OKX

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

Funding pays, the price is against you. OKX is 0.066% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.066% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	10.916	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	15m 24s	$12K	—	150x
Short	OKX AVAX-USDT-SWAP	10.909	0.0100	get 0.0100% / 8h	3h 15m	$19.8M	$110.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee OKXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $20.66
Price spread: −0.066% → 0.000%: −$6.6
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$5.94
Costs to cover: 0.200%
Break-even: 9.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 4 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	0.46 bp	10.2 bp −$10	18.2 bp −$182	51.1 bp −$5,112	doesn't fit

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	−0.1421%	1h	10.880	−0.332%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0025%	1h	10.918	+0.016%	$5.0M	$7.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.921	+0.043%	$96K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	10.916	long leg	$12K	—	150x
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.921	+0.047%	$4.2M	$11.0M	50x	as long as short
Nado AVAX-PERP	+0.0029%	1h	10.912	−0.034%	$283K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0077%	8h	10.910	−0.057%	$12.3M	$32.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.915	−0.009%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.914	−0.020%	$8K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.914	−0.016%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.919	+0.029%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.919	+0.027%	$275K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.913	−0.029%	$114.5M	$417.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.907	−0.084%	$82.6M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	10.909	−0.066%	$19.8M	$110.1M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.912	−0.038%	$45.4M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.915	−0.011%	$15.0M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.913	−0.029%	$32.9M	$46.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.910	−0.057%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.918	+0.016%	$371K	$546K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.912	−0.042%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.925	+0.081%	$344K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.927	+0.099%	$175K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.914	−0.020%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.917	+0.007%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.948	+0.288%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.917	+0.007%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.921	+0.039%	$359K	$775K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.919	+0.026%	$29.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.910	−0.057%	$673K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.914	−0.024%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.923	+0.062%	$4.9M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.937	+0.191%	$890K	$4.8M	50x	as long as short
Hyperliquid AVAX	+0.0244%	1h	10.928	+0.108%	$41.9M	$40.3M	10x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.909	−0.068%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0279%	1h	10.915	−0.007%	$237K	—	120x	as long as short