Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.019%

Price spread now: BloFin against ApeX Omni+0.027%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 4 days (all we have)−0.535%−$53 · spread now +0.027%, 7d avg −0.019%

Together, before fees−0.366%−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.047% dearer against ApeX Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	10.913	0.0100	pay 0.0013% / 1h	3m 52s	$175K	$661K	50x
Short	BloFin AVAX-USDT	10.916	0.0220	get 0.0220% / 8h	7h 03m	$4.7M	$5.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now +0.027%Rate

Funding earned: $25.2
Price spread: +0.027% → −0.019%: $4.69
Slippage, 4 orders: −$24.62
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$16.73
Costs to cover: 0.466%
Break-even: 11.6 days

Slippage from ApeX Omni: live order book, 29 min ago; BloFin: live order book, 5 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 ApeX Omni live order book, 29 min ago	6.04 bp	14.0 bp −$14	72.4 bp −$724	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.92 bp	9.0 bp −$9	12.0 bp −$120	32.4 bp −$3,243	doesn't fit

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
Kraken Futures PF_AVAXUSD	−0.0262%	1h	10.930	+0.155%	$3.8M	$11.5M	50x	as long as short
Phemex AVAXUSDT	−0.0161%	8h	10.915	+0.018%	$29.1M	$5.6M	50x	as long as short
Nado AVAX-PERP	−0.0155%	1h	10.921	+0.078%	$275K	$311K	10x	as long as short
Variational Omni AVAX	−0.0092%	8h	10.907	−0.058%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0068%	1h	10.922	+0.082%	$19K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.925	+0.107%	$93K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.929	+0.147%	$5.0M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.920	+0.066%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.402%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0039%	8h	10.919	+0.055%	$14.2M	$29.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0091%	8h	10.919	+0.054%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.926	+0.118%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.924	+0.101%	$19K	$474K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.934	+0.196%	$36.2M	$39.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.923	+0.093%	$2.3M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.920	+0.065%	$275K	$127K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.919	+0.055%	$115.1M	$387.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.916	+0.027%	$85.3M	$135.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.920	+0.064%	$19.5M	$107.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.920	+0.064%	$55.2M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.920	+0.064%	$14.1M	$20.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.921	+0.073%	$33.3M	$44.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.919	+0.055%	—	$52.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.923	+0.092%	$441K	$528K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.911	−0.022%	$352K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	10.913	long leg	$175K	$661K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.930	+0.156%	$139K	$236K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.931	+0.165%	$236K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.955	+0.385%	$12K	$775K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.915	+0.023%	$337K	$868K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.916	+0.027%	$621K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.924	+0.096%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.923	+0.092%	$860K	$5.3M	50x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	10.916	+0.027%	$4.7M	$5.3M	100x
Reya AVAXRUSDPERP	+0.0245%	1h	10.919	+0.059%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.929	+0.151%	$231K	—	120x	as long as short