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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%

Price spread now: BingX against Binance−0.044%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

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

costs, in and out, $10k−$240.244% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.044%, 7d avg −0.021%

Together, before fees+0.056%+$6 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: BingX is 0.023% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	11.251	0.0100	pay 0.0100% / 8h	1h 12m	$120.4M	$524.3M	75x
Short	BingX AVAX-USDT	11.246	0.0100	get 0.0100% / 8h	1h 12m	—	$88.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.021%: −$2.35
Slippage, 4 orders: −$4.39
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$26.73
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; BingX: live order book, 6 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, 16 min ago	0.44 bp	6.2 bp −$6	11.2 bp −$112	37.7 bp −$3,770	126.5 bp −$63.3K
Sell BingX live order book, 6 min ago	0.89 bp	5.9 bp −$6	6.2 bp −$62	9.8 bp −$977	24.9 bp −$12.5K

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	−0.0570%	1h	11.210	−0.364%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.243	−0.071%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0040%	1h	11.255	+0.040%	$297K	$893K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.250	−0.011%	$104K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.243	−0.074%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0009%	8h	11.260	+0.081%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.252	+0.008%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.252	+0.009%	$18K	$684K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.256	+0.042%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.248	−0.023%	$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	11.260	+0.080%	$299K	$120K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	11.251	long leg	$120.4M	$524.3M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.251	0.000%	$89.2M	$157.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.252	+0.009%	$20.3M	$146.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.245	−0.053%	$12.4M	$40.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.244	−0.062%	$52.0M	$100.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.251	0.000%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.250	−0.009%	$34.2M	$60.0M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	11.246	−0.044%	—	$88.9M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.246	−0.044%	$360K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.260	+0.080%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.263	+0.107%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.254	+0.027%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.252	+0.009%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.283	+0.282%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.246	−0.044%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.252	+0.013%	$364K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.245	−0.053%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.242	−0.078%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.241	−0.089%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.268	+0.151%	$912K	$8.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.245	−0.053%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.249	−0.018%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0256%	1h	11.243	−0.068%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0606%	1h	11.261	+0.089%	$43.5M	$56.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.252	+0.006%	$4.6M	$13.5M	50x	as long as short