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 +0.007%

Price spread now: OKX against Orderly+0.027%7-day average −0.077% · you sell dearer than you buy

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

Long on Orderly Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 3 days (all we have)−0.031%−$3 · spread now +0.027%, 7d avg −0.077%

Together, before fees−0.058%−$6 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: OKX is 0.104% dearer against Orderly than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.094	0.0100	pay 0.0100% / 8h	6h 19m	$195K	$313K	20x
Short	OKX AVAX-USDT-SWAP	11.097	0.0100	get 0.0100% / 8h	6h 19m	$19.9M	$122.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → −0.077%: $10.36
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$5.64
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.45 bp	7.5 bp −$8	18.5 bp −$185	45.3 bp −$4,526	doesn't fit

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 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	−0.126%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0111%	1h	11.084	−0.090%	$5.2M	$8.2M	25x	as long as short
Nado AVAX-PERP	−0.0043%	1h	11.085	−0.081%	$285K	$500K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.092	−0.018%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.090	−0.035%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0047%	8h	11.098	+0.036%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.096	+0.018%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.087	−0.063%	$15K	$581K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.088	−0.052%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.101	+0.061%	$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	−0.031%	$294K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.095	+0.006%	$118.3M	$455.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.095	+0.009%	$88.3M	$143.0M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	11.097	+0.027%	$19.9M	$122.8M	50x
MEXC AVAX_USDT	+0.0100%	8h	11.100	+0.054%	$48.7M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.104	+0.090%	$15.5M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.095	+0.009%	$33.3M	$50.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.096	+0.018%	—	$83.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.095	+0.009%	$355K	$532K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.095	+0.013%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.112	+0.162%	$355K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.116	+0.198%	$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_USDClong	+0.0100%	8h	11.094	long leg	$195K	$313K	20x
SunX AVAX-USDT	+0.0100%	8h	11.118	+0.213%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.086	−0.072%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.079	−0.140%	$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-USD	+0.0104%	1h	11.096	+0.018%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.080	−0.126%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.085	−0.080%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.089	−0.047%	$4.3M	$11.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.121	+0.243%	$904K	$5.8M	50x	as long as short
Hyperliquid AVAX	+0.0392%	1h	11.110	+0.144%	$43.2M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.088	−0.052%	$235K	—	120x	as long as short