Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h −0.018%

Price spread now: Orderly against gTrade (Gains Network)+0.136%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Orderly

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.136% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) AVAX/USD	11.048	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	31m 33s	$13K	—	150x
Short	Orderly PERP_AVAX_USDC	11.063	0.0100	get 0.0100% / 8h	3h 31m	$214K	$287K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.136%Rate

Funding earned: $20.66
Price spread: +0.136% → 0.000%: $13.58
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $18.24
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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
Variational Omni AVAX	−0.0230%	8h	11.032	−0.148%	$2.8M	$2.2M	—	as long as short
Nado AVAX-PERP	−0.0210%	1h	11.055	+0.068%	$297K	$967K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0112%	1h	11.056	+0.072%	$5.2M	$9.4M	25x	as long as short
Bybit AVAXUSDT	−0.0019%	8h	11.056	+0.072%	$86.4M	$147.4M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0017%	8h	11.059	+0.100%	$19.6M	$146.3M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.056	+0.075%	$94K	$139K	10x	as long as short
SoDEX AVAX-USD	+0.0001%	1h	11.054	+0.054%	$18K	$72K	10x	as long as short
gTrade (Gains Network) AVAX/USDlong	L +0.0002% / S −0.0003%	1h	11.048	long leg	$13K	—	150x
Injective AVAX/USDC PERP	+0.0012%	1h	11.000	−0.434%	$17K	$103K	12x	as long as short
Extended AVAX-USD	+0.0016%	1h	11.054	+0.053%	$651K	$2.2M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AVAX-PERP-INTX	+0.0016%	1h	11.053	+0.045%	$807K	$8.0M	50x	as long as short
Gate AVAX_USDT	+0.0019%	8h	11.049	+0.009%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0049%	8h	11.051	+0.027%	$51.2M	$112.3M	200x	as long as short
Binance AVAXUSDT	+0.0049%	8h	11.055	+0.065%	$118.0M	$542.9M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0067%	1h	11.054	+0.054%	$313K	$553K	15x	as long as short
Phemex AVAXUSDT	+0.0069%	8h	11.057	+0.081%	$29.6M	$4.8M	50x	as long as short
BingX AVAX-USDC	+0.0069%	8h	11.055	+0.063%	—	$6.5M	—	as long as short
Bitget AVAXUSDT	+0.0077%	8h	11.061	+0.118%	$34.3M	$63.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0085%	8h	11.054	+0.053%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0092%	8h	11.050	+0.018%	$2.3M	$2.0M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.050	+0.019%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.055	+0.063%	$17K	$710K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.114	+0.598%	$255K	—	3x	as long as short
Pacifica AVAX	+0.0100%	1h	11.054	+0.051%	$299K	$118K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.052	+0.036%	$15.6M	$24.8M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.021	−0.247%	$357K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.021	−0.244%	$177K	$703K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.043	−0.045%	$115K	$489K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.063	+0.136%	$214K	$287K	20x
SunX AVAX-USDT	+0.0100%	8h	11.063	+0.134%	$12K	$701K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.040	−0.077%	$353K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0169%	8h	11.041	−0.063%	$4.9M	$8.9M	100x	as long as short
Kraken Futures PF_AVAXUSD	+0.0238%	1h	11.063	+0.136%	$4.6M	$13.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.041	−0.062%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0244%	1h	11.045	−0.028%	$238K	—	120x	as long as short
Hyperliquid AVAX	+0.0436%	1h	11.067	+0.172%	$41.5M	$58.7M	10x	as long as short