Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%

Price spread now: Paradex against Aevo−0.023%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.023% cheaper against Aevo than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	11.136	0.0104	pay 0.0013% / 1h	35m 55s	$256K	—	3x
Short	Paradex AVAX-USD-PERP	11.134	0.0100	get 0.0100% / 8h	5h 35m	$13K	$434	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$0.84
Price spread: −0.023% → 0.000%: −$2.28
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$23.13
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 28 min ago; Paradex: no order-book sample. 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 Aevo live order book, 28 min ago	178.64 bp	368.2 bp −$368	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.1374%	1h	11.100	−0.325%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0068%	1h	11.135	−0.010%	$286K	$448K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.136	+0.002%	$102K	$87K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.142	+0.052%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.141	+0.043%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.146	+0.091%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.146	+0.087%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.134	−0.019%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERPshort	+0.0100%	8h	11.134	−0.023%	$13K	$434	20x
Aster AVAXUSDT	+0.0100%	8h	11.134	−0.018%	$2.3M	$1.2M	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	11.138	+0.014%	$290K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.136	−0.004%	$118.9M	$434.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.132	−0.037%	$88.4M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.130	−0.055%	$20.1M	$117.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.136	−0.001%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.136	−0.001%	$47.9M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.139	+0.025%	$15.6M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.134	−0.019%	$33.4M	$48.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.134	−0.019%	—	$81.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.139	+0.025%	$356K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.138	+0.019%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.112	−0.217%	$356K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.119	−0.154%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.139	+0.025%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.148	+0.106%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.164	+0.254%	$12K	$700K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.144	+0.070%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.143	+0.057%	$365K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.145	+0.079%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.131	−0.042%	$671K	$1.5M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	11.136	long leg	$256K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	11.120	−0.145%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.135	−0.010%	$899K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.129	−0.063%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.138	+0.016%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0463%	1h	11.151	+0.133%	$43.4M	$43.0M	10x	as long as short