Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: OKX against ApeX Omni−0.130%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−1.125%−$113 · spread now −0.130%, 7d avg −0.074%

Together, before fees−1.202%−$120 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 0.056% cheaper against ApeX Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	10.782	0.0100	pay 0.0013% / 1h	51m 32s	$174K	$663K	50x
Short	OKX AVAX-USDT-SWAP	10.768	0.0100	get 0.0100% / 8h	7h 51m	$19.0M	$107.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.130%Rate

Funding earned: $0
Price spread: −0.130% → −0.074%: −$5.61
Slippage, 4 orders: −$27.65
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$53.26
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 47 min ago; OKX: 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 ApeX Omni live order book, 47 min ago	6.56 bp	15.7 bp −$16	75.1 bp −$751	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.46 bp	8.8 bp −$9	17.9 bp −$179	55.2 bp −$5,517	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
Nado AVAX-PERP	−0.0321%	1h	10.763	−0.172%	$291K	$322K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0266%	1h	10.755	−0.254%	$3.8M	$11.6M	50x	as long as short
Gate AVAX_USDT	−0.0148%	8h	10.758	−0.223%	$13.6M	$28.5M	75x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0122%	1h	10.752	−0.278%	$4.9M	$6.8M	25x	as long as short
Phemex AVAXUSDT	−0.0083%	8h	10.762	−0.185%	$28.7M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0075%	8h	10.715	−0.624%	$2.9M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.756	−0.244%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.761	−0.195%	$12K	—	150x	as long as short
SoDEX AVAX-USD	+0.0026%	1h	10.753	−0.269%	$18K	$68K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.204%	$17K	$151K	12x	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	+0.0093%	8h	10.753	−0.265%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.755	−0.249%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.765	−0.158%	$25K	$464K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.776	−0.056%	$37.0M	$40.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.765	−0.161%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.761	−0.192%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.764	−0.167%	$113.9M	$399.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.765	−0.158%	$84.1M	$139.6M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	10.768	−0.130%	$19.0M	$107.1M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.765	−0.158%	$52.8M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.757	−0.232%	$13.9M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.767	−0.139%	$32.7M	$45.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.764	−0.167%	—	$53.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.758	−0.223%	$438K	$531K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.778	−0.037%	$340K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	10.782	long leg	$174K	$663K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.772	−0.093%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.763	−0.176%	$233K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.789	+0.068%	$12K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.742	−0.369%	$331K	$874K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.760	−0.201%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.750	−0.293%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.765	−0.158%	$845K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.781	−0.009%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.764	−0.168%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.760	−0.208%	$227K	—	120x	as long as short