Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.028%

Price spread now: Coinbase International against Binance+0.053%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 3 days (all we have)−0.187%−$19 · spread now +0.053%, 7d avg +0.059%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	11.247	0.0100	pay 0.0100% / 8h	55m 24s	$120.3M	$521.4M	75x
Short	Coinbase International AVAX-PERP-INTX	11.253	0.0280	get 0.0035% / 1h	55m 24s	$918K	$8.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.053%Rate

Funding earned: $37.8
Price spread: +0.053% → +0.059%: −$0.64
Slippage, 4 orders: −$17.42
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$0.26
Costs to cover: 0.374%
Break-even: 7.0 days

Slippage from Binance: live order book, 3 min ago; Coinbase International: 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 Binance live order book, 3 min ago	0.44 bp	5.8 bp −$6	10.3 bp −$103	42.9 bp −$4,292	128.4 bp −$64.2K
Sell Coinbase International live order book, 4 min ago	3.55 bp	11.9 bp −$12	17.9 bp −$179	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	−0.1451%	1h	11.200	−0.419%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.247	−0.001%	$5.3M	$9.0M	25x	as long as short
Nado AVAX-PERP	−0.0092%	1h	11.250	+0.030%	$297K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.244	−0.026%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.250	+0.026%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0042%	8h	11.222	−0.223%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.249	+0.017%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.253	+0.053%	$18K	$687K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.249	+0.016%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.252	+0.044%	$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	11.248	+0.008%	$299K	$120K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	11.247	long leg	$120.3M	$521.4M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.248	+0.008%	$89.5M	$156.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.248	+0.008%	$20.3M	$145.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.254	+0.061%	$12.5M	$39.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.247	−0.001%	$51.2M	$92.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.260	+0.115%	$15.8M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.249	+0.017%	$34.3M	$59.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.247	−0.001%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.243	−0.036%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.225	−0.195%	$358K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.225	−0.196%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.256	+0.079%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.256	+0.079%	$205K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.279	+0.281%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.248	+0.008%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.251	+0.030%	$364K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.248	+0.008%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.246	−0.006%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.251	+0.037%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.242	−0.045%	$5.0M	$7.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.250	+0.022%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.251	+0.033%	$4.6M	$13.3M	50x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0280%	1h	11.253	+0.053%	$918K	$8.1M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0415% / S −0.0266%	1h	11.246	−0.012%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0801%	1h	11.270	+0.204%	$43.6M	$56.7M	10x	as long as short