Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Phemex against Binance−0.090%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.382%−$38 · spread now −0.090%, 7d avg +0.026%

Together, before fees−0.361%−$36 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: Phemex is 0.116% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	11.117	0.0100	pay 0.0100% / 8h	5h 38m	$118.7M	$434.9M	75x
Short	Phemex AVAXUSDT	11.107	0.0100	get 0.0100% / 8h	5h 38m	$29.7M	$5.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → +0.026%: −$11.61
Slippage, 4 orders: −$21.64
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$55.25
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago	0.45 bp	6.8 bp −$7	11.3 bp −$113	43.4 bp −$4,341	145.5 bp −$72.7K
Sell Phemex live order book, 5 min ago	5.39 bp	17.5 bp −$17	27.0 bp −$270	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	−0.1374%	1h	11.100	−0.153%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0200%	1h	11.103	−0.126%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0061%	1h	11.116	−0.009%	$286K	$448K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.126	+0.080%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.108	−0.080%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0046%	1h	11.110	−0.066%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.105	−0.108%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.111	−0.054%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.118	+0.009%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.114	−0.027%	$2.3M	$1.2M	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	11.123	+0.058%	$290K	$112K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	11.117	long leg	$118.7M	$434.9M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.121	+0.036%	$88.4M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.123	+0.054%	$20.0M	$117.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.116	−0.009%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.114	−0.027%	$47.9M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.118	+0.009%	$15.5M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.110	−0.063%	$33.3M	$48.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.118	+0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.110	−0.063%	$355K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.132	+0.138%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.141	+0.217%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.145	+0.252%	$179K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.112	−0.045%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.112	−0.045%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.142	+0.228%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.106	−0.099%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.104	−0.112%	$363K	$872K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	11.107	−0.090%	$29.7M	$5.6M	50x
Extended AVAX-USD	+0.0104%	1h	11.109	−0.072%	$671K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.096	−0.189%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.104	−0.117%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.134	+0.153%	$900K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.108	−0.084%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.108	−0.082%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0452%	1h	11.128	+0.099%	$43.3M	$43.0M	10x	as long as short