Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.032%

Price spread now: Binance against Orderly−0.062%7-day average −0.040% · you buy dearer than you sell

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.062%, 7d avg −0.040%

Together, before fees+0.132%+$13 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: Binance is 0.022% cheaper against Orderly than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.233	0.0100	pay 0.0100% / 8h	23m 23s	$204K	$303K	20x
Short	Binance AVAXUSDT	11.226	0.0100	get 0.0100% / 8h	23m 23s	$120.1M	$512.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.040%: −$2.19
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.19
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 5 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	0.44 bp	6.4 bp −$6	12.9 bp −$129	44.9 bp −$4,490	134.1 bp −$67.1K

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	−0.1451%	1h	11.210	−0.205%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0285%	1h	11.211	−0.196%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0100%	1h	11.217	−0.142%	$296K	$878K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.226	−0.065%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.224	−0.081%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0084%	8h	11.245	+0.109%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.219	−0.121%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.223	−0.089%	$18K	$671K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.220	−0.115%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.223	−0.086%	$2.3M	$1.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.225	−0.071%	$298K	$118K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	11.226	−0.062%	$120.1M	$512.0M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.226	−0.062%	$89.4M	$155.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.224	−0.080%	$20.3M	$143.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.223	−0.089%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.222	−0.098%	$50.6M	$93.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.228	−0.045%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.226	−0.062%	$34.2M	$57.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.224	−0.080%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.217	−0.142%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.250	+0.151%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.225	−0.071%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.226	−0.062%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.233	long leg	$204K	$303K	20x
SunX AVAX-USDT	+0.0100%	8h	11.246	+0.115%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.215	−0.160%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.216	−0.151%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.215	−0.160%	$30.1M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.219	−0.122%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.214	−0.165%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.229	−0.036%	$5.0M	$7.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.221	−0.103%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0271%	1h	11.220	−0.115%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.229	−0.036%	$913K	$7.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0427% / S −0.0283%	1h	11.227	−0.051%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0806%	1h	11.244	+0.098%	$43.7M	$54.9M	10x	as long as short