Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.013%

Price spread now: Popdex against Binance+0.001%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on Binance Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.001%, 7d avg +0.012%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	11.111	0.0100	pay 0.0100% / 8h	5h 39m	$118.6M	$434.8M	75x
Short	Popdex AVAXUSDT	11.111	0.0096	get 0.0012% / 1h	39m 28s	$15K	$564K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$0.84
Price spread: +0.001% → +0.012%: −$1.1
Slippage, 4 orders: −$7.24
Fee Binance: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$25.58
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Popdex: live order book, 25 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, 4 min ago	0.45 bp	6.8 bp −$7	11.3 bp −$113	43.4 bp −$4,341	145.5 bp −$72.7K
Sell Popdex live order book, 25 min ago	0.45 bp	4.9 bp −$5	14.0 bp −$140	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	−0.098%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.126	+0.136%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0061%	1h	11.116	+0.046%	$286K	$448K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.126	+0.135%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.108	−0.025%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.133	+0.198%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.122	+0.097%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDTshort	+0.0096%	1h	11.111	+0.001%	$15K	$564K	50x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.118	+0.064%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.129	+0.165%	$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	+0.113%	$290K	$112K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	11.111	long leg	$118.6M	$434.8M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.114	+0.028%	$88.3M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.111	+0.001%	$20.0M	$117.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.128	+0.154%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.111	+0.001%	$47.9M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.115	+0.037%	$15.5M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.110	−0.008%	$33.3M	$48.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.110	−0.008%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.131	+0.181%	$356K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.132	+0.193%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.141	+0.272%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.145	+0.307%	$179K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.112	+0.010%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.135	+0.217%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.167	+0.509%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.129	+0.163%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.122	+0.103%	$364K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.130	+0.172%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.109	−0.013%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.130	+0.177%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.128	+0.154%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.134	+0.208%	$900K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.108	−0.029%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.108	−0.027%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0452%	1h	11.127	+0.148%	$43.3M	$43.0M	10x	as long as short