Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0073%/8hpaid last 24h −0.137%

Price spread now: Injective against Gate−0.264%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.253%−$25 on $10k

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. Injective is 0.264% cheaper against Gate than usual: you would sell low and buy high (spread −0.264% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 12 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.253%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	10.999	−0.0040	get 0.0040% / 8h	4h 06m	$12.1M	$40.6M	75x
Short	Injective AVAX/USDC PERP	10.970	0.0033	get 0.0004% / 1h	6m 26s	$17K	$68K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −0.264%Rate

Funding earned: $15.4
Price spread: −0.264% → 0.000%: −$26.37
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$25.99
Costs to cover: 0.150%
Break-even: 18.8 days

Slippage unknown: Gate: live order book, 2 min ago; Injective: 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 Gate live order book, 2 min ago	1.36 bp	15.7 bp −$16	23.8 bp −$238	34.4 bp −$3,436	59.4 bp −$29.7K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Nado AVAX-PERP	−0.0294%	1h	10.998	−0.005%	$313K	$960K	10x	as long as short
Variational Omni AVAX	−0.0263%	8h	11.003	+0.040%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0204%	1h	11.000	+0.009%	$5.2M	$9.7M	25x	as long as short
Bybit AVAXUSDT	−0.0076%	8h	10.997	−0.018%	$86.4M	$147.6M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0054%	8h	10.998	−0.009%	$19.3M	$144.3M	50x	as long as short
Gate AVAX_USDTlong	−0.0040%	8h	10.999	long leg	$12.1M	$40.6M	75x
Backpack AVAX_USDC_PERP	−0.0025%	1h	10.999	0.000%	$297K	$538K	15x	as long as short
SoDEX AVAX-USD	−0.0010%	1h	10.996	−0.027%	$18K	$72K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.008	+0.082%	$84K	$151K	10x	as long as short
Coinbase International AVAX-PERP-INTX	0.0000%	1h	11.005	+0.055%	$811K	$8.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.004	+0.048%	$12K	—	150x	as long as short
Extended AVAX-USD	+0.0024%	1h	10.996	−0.026%	$647K	$2.2M	25x	as long as short
Phemex AVAXUSDT	+0.0029%	8h	10.997	−0.018%	$29.5M	$4.8M	50x	as long as short
Injective AVAX/USDC PERPshort	+0.0033%	1h	10.970	−0.264%	$17K	$68K	12x
MEXC AVAX_USDT	+0.0038%	8h	11.000	+0.009%	$49.5M	$115.1M	200x	as long as short
BingX AVAX-USDT	+0.0038%	8h	10.999	0.000%	—	$94.1M	—	as long as short
Binance AVAXUSDT	+0.0040%	8h	10.997	−0.015%	$117.6M	$544.4M	75x	as long as short
Bitget AVAXUSDT	+0.0041%	8h	10.998	−0.009%	$33.8M	$63.0M	75x	as long as short
Aster AVAXUSDT	+0.0054%	8h	10.998	−0.007%	$2.2M	$2.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0069%	8h	10.997	−0.015%	$13K	$766	20x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	10.996	−0.023%	$253K	—	3x	as long as short
Lighter AVAX	+0.0096%	1h	10.998	−0.012%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.998	−0.009%	$16K	$720K	50x	as long as short
Pacifica AVAX	+0.0100%	1h	11.004	+0.043%	$297K	$118K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.001	+0.018%	$15.5M	$25.2M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.006	+0.062%	$352K	$833K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.004	+0.045%	$177K	$705K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.999	0.000%	$114K	$471K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.008	+0.082%	$213K	$332K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.029	+0.276%	$12K	$694K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.996	−0.026%	$350K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0155%	8h	11.000	+0.009%	$4.9M	$9.0M	100x	as long as short
Hyperliquid AVAX	+0.0232%	1h	11.016	+0.155%	$41.3M	$59.5M	10x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	10.997	−0.015%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0339%	1h	11.007	+0.070%	$4.6M	$14.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0244%	1h	11.004	+0.044%	$237K	—	120x	as long as short