Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: BingX against Backpack−0.009%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Backpack Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	11.229	0.0100	pay 0.0013% / 1h	35m 06s	$359K	$563K	15x
Short	BingX AVAX-USDT	11.228	0.0100	get 0.0100% / 8h	35m 06s	—	$86.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Backpack. 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 BackpackbpFee BingXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → 0.000%: −$0.89
Slippage, 4 orders: −$6.41
Fee Backpack: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$27.3
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Backpack: live order book, 44 min ago; BingX: live order book, 4 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 Backpack live order book, 44 min ago	0.44 bp	10.1 bp −$10	35.6 bp −$356	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	0.44 bp	5.4 bp −$5	6.8 bp −$68	8.6 bp −$861	17.3 bp −$8,641

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	−0.1451%	1h	11.190	−0.347%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.223	−0.053%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0090%	1h	11.226	−0.027%	$296K	$883K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.230	+0.006%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.227	−0.015%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0072%	8h	11.226	−0.025%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.228	−0.012%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.228	−0.009%	$19K	$673K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.225	−0.032%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.230	+0.005%	$2.3M	$1.8M	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	11.231	+0.015%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.227	−0.014%	$120.1M	$514.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.227	−0.018%	$89.3M	$155.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.229	0.000%	$20.2M	$144.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.227	−0.018%	$12.5M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.225	−0.036%	$51.5M	$93.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.231	+0.018%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.227	−0.018%	$34.2M	$58.3M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	11.228	−0.009%	—	$86.9M	—
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	11.229	long leg	$359K	$563K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.232	+0.026%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.236	+0.062%	$180K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.229	0.000%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.234	+0.045%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.257	+0.248%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.226	−0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.227	−0.013%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.226	−0.027%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.222	−0.064%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.221	−0.074%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.222	−0.062%	$5.0M	$7.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.225	−0.038%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.230	+0.009%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.245	+0.142%	$914K	$7.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0422% / S −0.0277%	1h	11.227	−0.022%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0811%	1h	11.248	+0.169%	$43.7M	$55.0M	10x	as long as short