Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Orderly against Gate+0.154%7-day average +0.051% · you sell dearer than you buy

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

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.317%−$32 · spread now +0.154%, 7d avg +0.051%

Together, before fees−0.268%−$27 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.103% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.047	0.0100	pay 0.0100% / 8h	4h 23m	$12.1M	$34.2M	75x
Short	Orderly PERP_AVAX_USDC	11.064	0.0100	get 0.0100% / 8h	4h 23m	$194K	$310K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → +0.051%: $10.3
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$10.7
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 min ago; 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 Gate live order book, 5 min ago	1.35 bp	17.4 bp −$17	25.5 bp −$255	45.3 bp −$4,535	74.6 bp −$37.3K
Sell Orderly no order-book sample	—	—	—	—	—

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
Injective AVAX/USDC PERP	−0.1423%	1h	11.020	−0.244%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0027%	1h	11.056	+0.086%	$284K	$368K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0021%	1h	11.051	+0.036%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.059	+0.109%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.058	+0.101%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.055	+0.071%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.060	+0.118%	$15K	$549K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.055	+0.076%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.053	+0.059%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.058	+0.097%	$288K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.049	+0.018%	$117.3M	$427.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.046	−0.009%	$87.6M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.054	+0.063%	$20.4M	$114.8M	50x	as long as short
Gate AVAX_USDTlong	+0.0100%	8h	11.047	long leg	$12.1M	$34.2M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.049	+0.018%	$47.2M	$77.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.052	+0.045%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.048	+0.009%	$33.1M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.048	+0.009%	—	$78.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.050	+0.027%	$334K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.064	+0.158%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.078	+0.281%	$350K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.079	+0.290%	$178K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.062	+0.136%	$130K	$337K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.064	+0.154%	$194K	$310K	20x
SunX AVAX-USDT	+0.0100%	8h	11.091	+0.402%	$12K	$706K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.056	+0.081%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.055	+0.068%	$361K	$811K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.057	+0.091%	$29.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.042	−0.044%	$682K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.055	+0.074%	$254K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0213%	1h	11.057	+0.092%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.066	+0.172%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.063	+0.145%	$884K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.056	+0.083%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.058	+0.096%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0565%	1h	11.064	+0.154%	$42.9M	$41.9M	10x	as long as short