Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0191%/8h= +20.9% APRpaid last 24h +0.051%

Price spread now: Coinbase International against Gate+0.090%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.255%+$26 on $10k

Price spread, last 3 days (all we have)−0.138%−$14 · spread now +0.090%, 7d avg +0.071%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.145	0.0097	pay 0.0097% / 8h	6h 04m	$12.2M	$36.7M	75x
Short	Coinbase International AVAX-PERP-INTX	11.155	0.0288	get 0.0036% / 1h	4m 04s	$906K	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.090%Rate

Funding earned: $40.11
Price spread: +0.090% → +0.071%: $1.91
Slippage, 4 orders: −$29.33
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$12.3
Costs to cover: 0.543%
Break-even: 9.1 days

Slippage from Gate: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago	1.35 bp	13.0 bp −$13	23.2 bp −$232	40.3 bp −$4,033	67.5 bp −$33.8K
Sell Coinbase International live order book, 5 min ago	2.70 bp	11.2 bp −$11	15.9 bp −$159	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	11.060	−0.763%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0039%	1h	11.141	−0.036%	$287K	$472K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.130	−0.139%	$102K	$91K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.145	0.000%	$5.2M	$8.0M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.149	+0.040%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.146	+0.010%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.146	+0.009%	$16K	$578K	50x	as long as short
Gate AVAX_USDTlong	+0.0097%	8h	11.145	long leg	$12.2M	$36.7M	75x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.134	−0.100%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.146	+0.008%	$2.3M	$1.3M	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	11.141	−0.033%	$296K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.149	+0.032%	$118.8M	$446.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.147	+0.018%	$88.6M	$140.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.149	+0.036%	$20.1M	$121.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.147	+0.018%	$48.8M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.151	+0.054%	$15.6M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.146	+0.009%	$33.5M	$49.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.146	+0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.150	+0.045%	$356K	$502K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.108	−0.336%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.086	−0.531%	$354K	$790K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.106	−0.350%	$178K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.148	+0.027%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.152	+0.063%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.176	+0.277%	$12K	$707K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.146	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.141	−0.038%	$362K	$855K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.146	+0.009%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.142	−0.023%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.140	−0.045%	$256K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.144	−0.012%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.150	+0.049%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0288%	1h	11.155	+0.090%	$906K	$5.7M	50x
Hyperliquid AVAX	+0.0386%	1h	11.161	+0.144%	$43.3M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.149	+0.035%	$236K	—	120x	as long as short