Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0057%/8h= +6.2% APRpaid last 24h −0.009%

Price spread now: Extended against Gate−0.032%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.032%, 7d avg −0.053%

Together, before fees−0.046%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.022% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.086	0.0047	pay 0.0047% / 8h	6h 20m	$12.1M	$36.6M	75x
Short	Extended AVAX-USD	11.083	0.0104	get 0.0013% / 1h	20m 06s	$671K	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.032%Rate

Funding earned: $11.97
Price spread: −0.032% → −0.053%: $2.15
Slippage, 4 orders: −$18.85
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$24.72
Costs to cover: 0.388%
Break-even: 21.5 days

Slippage from Gate: live order book, 4 min ago; Extended: live order book, 3 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, 4 min ago	0.90 bp	14.9 bp −$15	24.4 bp −$244	44.2 bp −$4,417	72.3 bp −$36.2K
Sell Extended live order book, 3 min ago	0.45 bp	6.6 bp −$7	9.0 bp −$90	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	−0.054%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0111%	1h	11.084	−0.018%	$5.2M	$8.2M	25x	as long as short
Nado AVAX-PERP	−0.0043%	1h	11.085	−0.009%	$285K	$500K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.092	+0.054%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.090	+0.037%	$13K	—	150x	as long as short
Gate AVAX_USDTlong	+0.0047%	8h	11.086	long leg	$12.1M	$36.6M	75x
Lighter AVAX	+0.0096%	1h	11.087	+0.009%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.087	+0.009%	$15K	$581K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.088	+0.020%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.093	+0.059%	$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	11.091	+0.041%	$294K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.085	−0.007%	$118.2M	$455.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.086	0.000%	$88.3M	$143.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.087	+0.009%	$19.9M	$122.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.087	+0.009%	$48.6M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.093	+0.063%	$15.5M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.085	−0.009%	$33.3M	$50.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.096	+0.090%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.095	+0.081%	$355K	$532K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.095	+0.085%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.112	+0.235%	$355K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.116	+0.271%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.090	+0.036%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.094	+0.072%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.118	+0.285%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.086	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.079	−0.068%	$360K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.090	+0.036%	$29.6M	$5.6M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.083	−0.032%	$671K	$1.7M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.080	−0.054%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.085	−0.008%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.089	+0.025%	$4.3M	$11.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.121	+0.316%	$904K	$5.8M	50x	as long as short
Hyperliquid AVAX	+0.0391%	1h	11.103	+0.153%	$43.1M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.088	+0.020%	$235K	—	120x	as long as short