Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: ApeX Omni against Binance+0.097%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.278%+$28 · spread now +0.097%, 7d avg +0.041%

Together, before fees+0.342%+$34 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: ApeX Omni is 0.055% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	10.988	0.0100	pay 0.0100% / 8h	3h 57m	$115.8M	$428.3M	75x
Short	ApeX Omni AVAXUSDT	10.999	0.0100	get 0.0013% / 1h	57m 04s	$177K	$671K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.041%: $5.54
Slippage, 4 orders: −$21.02
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$35.48
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; ApeX Omni: live order book, 61 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 Binance live order book, 2 min ago	0.46 bp	6.3 bp −$6	10.5 bp −$105	28.8 bp −$2,884	126.4 bp −$63.2K
Sell ApeX Omni live order book, 61 min ago	6.29 bp	14.2 bp −$14	87.3 bp −$873	doesn't fit	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
Injective AVAX/USDC PERP	−0.1421%	1h	10.940	−0.440%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.987	−0.013%	$5.1M	$7.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.992	+0.031%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.990	+0.014%	$12K	—	150x	as long as short
Nado AVAX-PERP	+0.0011%	1h	10.986	−0.017%	$285K	$343K	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.991	+0.021%	$4.2M	$11.2M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.988	−0.002%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.987	−0.013%	$15K	$462K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.990	+0.014%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.990	+0.012%	$2.2M	$1.1M	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	10.993	+0.044%	$277K	$129K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	10.988	long leg	$115.8M	$428.3M	75x
Bybit AVAXUSDT	+0.0100%	8h	10.983	−0.049%	$85.0M	$139.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.982	−0.058%	$20.2M	$114.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.987	−0.013%	$12.1M	$32.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.988	−0.004%	$46.1M	$77.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.991	+0.024%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.979	−0.085%	$32.9M	$47.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.983	−0.049%	—	$77.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.986	−0.022%	$368K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.996	+0.065%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.995	+0.059%	$351K	$882K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	10.999	+0.097%	$177K	$671K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.994	+0.051%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.994	+0.051%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.020	+0.289%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.987	−0.013%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.974	−0.134%	$365K	$811K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.989	+0.006%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.981	−0.063%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.984	−0.042%	$252K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.986	−0.022%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.000	+0.106%	$894K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.988	−0.001%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0292%	1h	10.998	+0.087%	$42.7M	$41.9M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.991	+0.019%	$233K	—	120x	as long as short