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: Gate against Orderly−0.073%7-day average −0.051% · you buy dearer than you sell

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

Long on Orderly Short on Gate

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)+0.236%+$24 · spread now −0.073%, 7d avg −0.051%

Together, before fees+0.186%+$19 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: Gate 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 −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.022	0.0100	pay 0.0100% / 8h	4h 21m	$194K	$310K	20x
Short	Gate AVAX_USDT	11.014	0.0100	get 0.0100% / 8h	4h 21m	$12.1M	$34.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Orderly. 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 OrderlybpFee GatebpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → −0.051%: −$2.17
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$23.17
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	1.36 bp	13.2 bp −$13	21.4 bp −$214	37.3 bp −$3,727	65.8 bp −$32.9K

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	10.990	−0.290%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0113%	1h	11.014	−0.073%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0021%	1h	11.016	−0.050%	$286K	$370K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.022	+0.002%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.018	−0.035%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.016	−0.054%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.016	−0.054%	$15K	$549K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.019	−0.030%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.021	−0.008%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.023	+0.008%	$287K	$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	11.016	−0.054%	$116.9M	$428.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.014	−0.073%	$87.5M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.016	−0.054%	$20.2M	$114.7M	50x	as long as short
Gate AVAX_USDTshort	+0.0100%	8h	11.014	−0.073%	$12.1M	$34.3M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.018	−0.036%	$46.5M	$78.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.020	−0.018%	$15.5M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.016	−0.054%	$33.0M	$47.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.015	−0.064%	—	$78.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.017	−0.045%	$331K	$522K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.064	+0.385%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.049	+0.245%	$350K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.073	+0.463%	$178K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.020	−0.018%	$129K	$335K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.022	long leg	$194K	$310K	20x
SunX AVAX-USDT	+0.0100%	8h	11.049	+0.247%	$12K	$708K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.017	−0.045%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.012	−0.093%	$361K	$813K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.020	−0.018%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.013	−0.085%	$682K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.013	−0.081%	$253K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.017	−0.042%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.018	−0.036%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.034	+0.109%	$884K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.016	−0.053%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.018	−0.039%	$234K	—	120x	as long as short
Hyperliquid AVAX	+0.0550%	1h	11.033	+0.100%	$42.8M	$42.0M	10x	as long as short