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 −0.022%

Price spread now: Gate against Phemex−0.055%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.055%, 7d avg −0.033%

Together, before fees+0.119%+$12 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 Phemex than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVAXUSDT	10.939	0.0100	pay 0.0100% / 8h	3h 26m	$29.2M	$5.8M	50x
Short	Gate AVAX_USDT	10.933	0.0100	get 0.0100% / 8h	3h 26m	$12.1M	$32.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.033%: −$2.15
Slippage, 4 orders: −$29.95
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$59.11
Costs to cover: 0.570%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Gate: live order book, 2 min ago.

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 Phemex live order book, 3 min ago	3.20 bp	14.1 bp −$14	22.2 bp −$222	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.46 bp	13.6 bp −$14	22.6 bp −$226	38.7 bp −$3,873	67.4 bp −$33.7K

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	−0.1421%	1h	10.900	−0.357%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.940	+0.009%	$96K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.938	−0.009%	$5.0M	$7.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.937	−0.018%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.941	+0.020%	$4.2M	$11.2M	50x	as long as short
Nado AVAX-PERP	+0.0032%	1h	10.935	−0.037%	$284K	$318K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.938	−0.007%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.930	−0.082%	$15K	$452K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.934	−0.042%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.938	−0.011%	$2.2M	$1.1M	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	10.939	+0.004%	$276K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.932	−0.067%	$114.9M	$425.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.927	−0.110%	$83.1M	$140.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.932	−0.064%	$19.9M	$112.6M	50x	as long as short
Gate AVAX_USDTshort	+0.0100%	8h	10.933	−0.055%	$12.1M	$32.4M	75x
MEXC AVAX_USDT	+0.0100%	8h	10.933	−0.055%	$45.4M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.937	−0.018%	$15.2M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.936	−0.027%	$33.0M	$47.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.931	−0.073%	—	$54.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.939	0.000%	$372K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.947	+0.069%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.942	+0.031%	$345K	$939K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.950	+0.101%	$176K	$667K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.936	−0.027%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.943	+0.037%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.970	+0.288%	$11K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.938	−0.009%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.938	−0.013%	$364K	$780K	75x	as long as short
Phemex AVAXUSDTlong	+0.0100%	8h	10.939	long leg	$29.2M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	10.927	−0.111%	$675K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.935	−0.037%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.938	−0.009%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.943	+0.037%	$890K	$5.1M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.930	−0.087%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0300%	1h	10.946	+0.064%	$42.0M	$41.4M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.939	−0.004%	$232K	—	120x	as long as short