Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.028%

Price spread now: Aevo against Gate−0.090%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$854as in the Funding arb table

Net, price: spread back to 7d avg − costs−$874as in the Price arb table

costs, in and out, $10k−$8658.654% of the position

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.090%, 7d avg −0.008%

Together, before fees+0.134%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.082% cheaper against Gate than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of −0.008%). If the spread goes back, that is −$8 on $10k: about 6.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.119	0.0058	pay 0.0058% / 8h	6h 22m	$12.1M	$36.6M	75x
Short	Aevo AVAX-PERP	11.109	0.0104	get 0.0013% / 1h	22m 15s	$255K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.090%Rate

Funding earned: $9.66
Price spread: −0.090% → −0.008%: −$8.22
Slippage, 4 orders: −$834.37
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$863.93
Costs to cover: 8.654%
Break-even: 633.0 days

Slippage from Gate: live order book, 2 min ago; Aevo: live order book, 47 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 Gate live order book, 2 min ago	0.90 bp	14.9 bp −$15	24.4 bp −$244	44.2 bp −$4,417	72.3 bp −$36.2K
Sell Aevo live order book, 47 min ago	193.84 bp	429.0 bp −$429	doesn't fit	doesn't fit	doesn't fit

AVAX on 35 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	−0.1423%	1h	11.080	−0.351%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0046%	1h	11.117	−0.018%	$286K	$503K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.112	−0.063%	$5.2M	$8.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.125	+0.054%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.118	−0.007%	$13K	—	150x	as long as short
Gate AVAX_USDTlong	+0.0058%	8h	11.119	long leg	$12.1M	$36.6M	75x
Lighter AVAX	+0.0096%	1h	11.111	−0.073%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.117	−0.018%	$15K	$591K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.122	+0.025%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.121	+0.021%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.126	+0.061%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.110	−0.082%	$118.5M	$458.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.109	−0.090%	$88.5M	$143.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.108	−0.099%	$19.9M	$123.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.120	+0.009%	$48.8M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.124	+0.045%	$15.6M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.109	−0.090%	$33.4M	$50.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.119	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.116	−0.027%	$355K	$534K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.122	+0.024%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.111	−0.072%	$355K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.111	−0.072%	$179K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.123	+0.036%	$131K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.121	+0.018%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.147	+0.248%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.110	−0.081%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.118	−0.004%	$361K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.114	−0.045%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.109	−0.090%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	11.109	−0.090%	$255K	—	3x
Reya AVAXRUSDPERP	+0.0244%	1h	11.118	−0.007%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.114	−0.041%	$4.3M	$11.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.121	+0.018%	$904K	$5.8M	50x	as long as short
Hyperliquid AVAX	+0.0396%	1h	11.135	+0.144%	$43.3M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.118	−0.005%	$236K	—	120x	as long as short