diff --git a/electrum/gui/qt/channels_list.py b/electrum/gui/qt/channels_list.py
index be9561711..5f84cc76c 100644
--- a/electrum/gui/qt/channels_list.py
+++ b/electrum/gui/qt/channels_list.py
@@ -71,6 +71,7 @@ class ChannelsList(MyTreeView):
         self.network = self.parent.network
         self.wallet = self.parent.wallet
         self.setSortingEnabled(True)
+        self.selectionModel().selectionChanged.connect(self.on_selection_changed)
 
     @property
     # property because lnworker might be initialized at runtime
@@ -194,14 +195,8 @@ class ChannelsList(MyTreeView):
             msg = messages.MSG_NON_TRAMPOLINE_CHANNEL_FROZEN_WITHOUT_GOSSIP
             self.main_window.show_warning(msg, title=_('Channel is frozen for sending'))
 
-    def create_menu(self, position):
-        menu = QMenu()
-        menu.setSeparatorsCollapsible(True)  # consecutive separators are merged together
+    def get_rebalance_pair(self):
         selected = self.selected_in_column(self.Columns.NODE_ALIAS)
-        if not selected:
-            menu.addAction(_("Import channel backup"), lambda: self.parent.do_process_from_text_channel_backup())
-            menu.exec_(self.viewport().mapToGlobal(position))
-            return
         if len(selected) == 2:
             idx1 = selected[0]
             idx2 = selected[1]
@@ -210,6 +205,28 @@ class ChannelsList(MyTreeView):
             chan1 = self.lnworker.channels.get(channel_id1)
             chan2 = self.lnworker.channels.get(channel_id2)
             if chan1 and chan2 and (self.lnworker.channel_db or chan1.node_id != chan2.node_id):
+                return chan1, chan2
+        return None, None
+
+    def on_rebalance(self):
+        chan1, chan2 = self.get_rebalance_pair()
+        self.parent.rebalance_dialog(chan1, chan2)
+
+    def on_selection_changed(self):
+        chan1, chan2 = self.get_rebalance_pair()
+        self.rebalance_button.setEnabled(chan1 is not None)
+
+    def create_menu(self, position):
+        menu = QMenu()
+        menu.setSeparatorsCollapsible(True)  # consecutive separators are merged together
+        selected = self.selected_in_column(self.Columns.NODE_ALIAS)
+        if not selected:
+            menu.addAction(_("Import channel backup"), lambda: self.parent.do_process_from_text_channel_backup())
+            menu.exec_(self.viewport().mapToGlobal(position))
+            return
+        if len(selected) == 2:
+            chan1, chan2 = self.get_rebalance_pair()
+            if chan1 and chan2:
                 menu.addAction(_("Rebalance"), lambda: self.parent.rebalance_dialog(chan1, chan2))
                 menu.exec_(self.viewport().mapToGlobal(position))
             return
@@ -356,12 +373,16 @@ class ChannelsList(MyTreeView):
         self.can_send_label = QLabel('')
         h.addWidget(self.can_send_label)
         h.addStretch()
+        self.rebalance_button = EnterButton(_('Rebalance'), lambda x: self.on_rebalance())
+        self.rebalance_button.setToolTip("Select two active channels to rebalance.")
+        self.rebalance_button.setDisabled(True)
         self.swap_button = EnterButton(_('Swap'), lambda x: self.parent.run_swap_dialog())
         self.swap_button.setToolTip("Have at least one channel to do swaps.")
         self.swap_button.setDisabled(True)
         self.new_channel_button = EnterButton(_('Open Channel'), self.new_channel_with_warning)
         self.new_channel_button.setEnabled(self.parent.wallet.has_lightning())
         h.addWidget(self.new_channel_button)
+        h.addWidget(self.rebalance_button)
         h.addWidget(self.swap_button)
         return h
 
diff --git a/electrum/gui/qt/main_window.py b/electrum/gui/qt/main_window.py
index 5ba1037ff..cc862711c 100644
--- a/electrum/gui/qt/main_window.py
+++ b/electrum/gui/qt/main_window.py
@@ -3725,42 +3725,8 @@ class ElectrumWindow(QMainWindow, MessageBoxMixin, Logger):
         self.close()
 
     def rebalance_dialog(self, chan1, chan2, amount_sat=None):
-        d = WindowModalDialog(self, _("Rebalance channels"))
-        d.reverse = False
-        vbox = QVBoxLayout(d)
-        vbox.addWidget(WWLabel(_('Rebalance your channels in order to increase your sending or receiving capacity') + ':'))
-        grid = QGridLayout()
-        amount_e = BTCAmountEdit(self.get_decimal_point)
-        amount_e.setAmount(amount_sat)
-        rev_button = QPushButton(u'\U000021c4')
-        label1 = QLabel('')
-        label2 = QLabel('')
-        def update():
-            if d.reverse:
-                d.chan_from = chan2
-                d.chan_to = chan1
-            else:
-                d.chan_from = chan1
-                d.chan_to = chan2
-            label1.setText(d.chan_from.short_id_for_GUI())
-            label2.setText(d.chan_to.short_id_for_GUI())
-        update()
-        def on_reverse():
-            d.reverse = not d.reverse
-            update()
-        rev_button.clicked.connect(on_reverse)
-        grid.addWidget(QLabel(_("From")), 0, 0)
-        grid.addWidget(label1, 0, 1)
-        grid.addWidget(QLabel(_("To")), 1, 0)
-        grid.addWidget(label2, 1, 1)
-        grid.addWidget(QLabel(_("Amount")), 2, 0)
-        grid.addWidget(amount_e, 2, 1)
-        grid.addWidget(rev_button, 0, 2)
-        vbox.addLayout(grid)
-        vbox.addLayout(Buttons(CancelButton(d), OkButton(d)))
-        if not d.exec_():
+        from .rebalance_dialog import RebalanceDialog
+        if chan1 is None or chan2 is None:
             return
-        amount_msat = amount_e.get_amount() * 1000
-        coro = self.wallet.lnworker.rebalance_channels(d.chan_from, d.chan_to, amount_msat=amount_msat)
-        self.run_coroutine_from_thread(coro, _('Rebalancing channels'))
-        self.update_current_request() # this will gray out the button
+        d = RebalanceDialog(self, chan1, chan2, amount_sat)
+        d.run()
diff --git a/electrum/gui/qt/rebalance_dialog.py b/electrum/gui/qt/rebalance_dialog.py
new file mode 100644
index 000000000..527eab48e
--- /dev/null
+++ b/electrum/gui/qt/rebalance_dialog.py
@@ -0,0 +1,69 @@
+from PyQt5.QtCore import pyqtSignal
+from PyQt5.QtWidgets import QLabel, QVBoxLayout, QGridLayout, QPushButton
+
+from electrum.i18n import _
+from .util import WindowModalDialog, Buttons, OkButton, CancelButton, WWLabel
+from .amountedit import BTCAmountEdit
+
+
+class RebalanceDialog(WindowModalDialog):
+
+    def __init__(self, window, chan1, chan2, amount_sat):
+        WindowModalDialog.__init__(self, window, _("Rebalance channels"))
+        self.window = window
+        self.wallet = window.wallet
+        self.chan1 = chan1
+        self.chan2 = chan2
+        vbox = QVBoxLayout(self)
+        vbox.addWidget(WWLabel(_('Rebalance your channels in order to increase your sending or receiving capacity') + ':'))
+        grid = QGridLayout()
+        self.amount_e = BTCAmountEdit(self.window.get_decimal_point)
+        self.amount_e.setAmount(amount_sat)
+        self.amount_e.textChanged.connect(self.on_amount)
+        self.rev_button = QPushButton(u'\U000021c4')
+        self.rev_button.clicked.connect(self.on_reverse)
+        self.max_button = QPushButton('Max')
+        self.max_button.clicked.connect(self.on_max)
+        self.label1 = QLabel('')
+        self.label2 = QLabel('')
+        self.ok_button = OkButton(self)
+        self.ok_button.setEnabled(False)
+        grid.addWidget(QLabel(_("From channel")), 0, 0)
+        grid.addWidget(self.label1, 0, 1)
+        grid.addWidget(QLabel(_("To channel")), 1, 0)
+        grid.addWidget(self.label2, 1, 1)
+        grid.addWidget(QLabel(_("Amount")), 2, 0)
+        grid.addWidget(self.amount_e, 2, 1)
+        grid.addWidget(self.max_button, 2, 2)
+        grid.addWidget(self.rev_button, 0, 2)
+        vbox.addLayout(grid)
+        vbox.addLayout(Buttons(CancelButton(self), self.ok_button))
+        self.update()
+
+    def on_reverse(self, x):
+        a, b = self.chan1, self.chan2
+        self.chan1, self.chan2 = b, a
+        self.amount_e.setAmount(None)
+        self.update()
+
+    def on_amount(self, x):
+        self.update()
+
+    def on_max(self, x):
+        n_sat = self.wallet.lnworker.num_sats_can_rebalance(self.chan1, self.chan2)
+        self.amount_e.setAmount(n_sat)
+
+    def update(self):
+        self.label1.setText(self.chan1.short_id_for_GUI())
+        self.label2.setText(self.chan2.short_id_for_GUI())
+        amount_sat = self.amount_e.get_amount()
+        b = bool(amount_sat) and self.wallet.lnworker.num_sats_can_rebalance(self.chan1, self.chan2) <= amount_sat
+        self.ok_button.setEnabled(b)
+
+    def run(self):
+        if not self.exec_():
+            return
+        amount_msat = self.amount_e.get_amount() * 1000
+        coro = self.wallet.lnworker.rebalance_channels(self.chan1, self.chan2, amount_msat=amount_msat)
+        self.window.run_coroutine_from_thread(coro, _('Rebalancing channels'))
+        self.window.update_current_request() # this will gray out the button
diff --git a/electrum/lnchannel.py b/electrum/lnchannel.py
index bcbbad72c..fa29789dd 100644
--- a/electrum/lnchannel.py
+++ b/electrum/lnchannel.py
@@ -558,6 +558,9 @@ class Channel(AbstractChannel):
     forwarding_fee_base_msat = 1000
     forwarding_fee_proportional_millionths = 1
 
+    def __repr__(self):
+        return "Channel(%s)"%self.get_id_for_log()
+
     def __init__(self, state: 'StoredDict', *, sweep_address=None, name=None, lnworker=None, initial_feerate=None):
         self.name = name
         self.channel_id = bfh(state["channel_id"])
diff --git a/electrum/lnworker.py b/electrum/lnworker.py
index b550886c5..f61a3a460 100644
--- a/electrum/lnworker.py
+++ b/electrum/lnworker.py
@@ -2232,6 +2232,14 @@ class LNWallet(LNWorker):
         else:
             return False
 
+    def num_sats_can_rebalance(self, chan1, chan2):
+        # TODO: we should be able to spend 'max', with variable fee
+        n1 = chan1.available_to_spend(LOCAL)
+        n1 -= self.fee_estimate(n1)
+        n2 = chan2.available_to_spend(REMOTE)
+        amount_sat = min(n1, n2) // 1000
+        return amount_sat
+
     def suggest_rebalance_to_send(self, amount_sat):
         return self._suggest_rebalance(SENT, amount_sat)