Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%

Price spread now: Backpack against BingX+0.009%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on BingX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDT	11.094	0.0100	pay 0.0100% / 8h	6h 10m	—	$82.9M	—
Short	Backpack AVAX_USDC_PERP	11.095	0.0100	get 0.0013% / 1h	10m 00s	$355K	$511K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against BingX. 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 BingXbpFee BackpackbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → 0.000%: $0.9
Slippage, 4 orders: −$8.47
Fee BingX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$27.56
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; Backpack: live order book, 59 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 BingX live order book, 14 min ago	0.90 bp	5.9 bp −$6	6.1 bp −$61	9.2 bp −$915	21.6 bp −$10.8K
Sell Backpack live order book, 59 min ago	0.45 bp	7.8 bp −$8	33.2 bp −$332	doesn't fit	doesn't fit

AVAX on 35 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	−0.1423%	1h	11.070	−0.216%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.097	+0.027%	$5.2M	$8.1M	25x	as long as short
Nado AVAX-PERP	−0.0041%	1h	11.105	+0.099%	$286K	$492K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.111	+0.156%	$102K	$91K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.098	+0.039%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0058%	8h	11.097	+0.027%	$12.1M	$36.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.095	+0.010%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.103	+0.081%	$16K	$578K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.114	+0.177%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.104	+0.091%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.113	+0.173%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.091	−0.023%	$118.3M	$450.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.092	−0.018%	$88.3M	$141.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.094	0.000%	$20.0M	$121.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.092	−0.018%	$48.6M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.098	+0.036%	$15.5M	$22.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.089	−0.045%	$33.3M	$50.2M	75x	as long as short
BingX AVAX-USDTlong	+0.0100%	8h	11.094	long leg	—	$82.9M	—
Backpack AVAX_USDC_PERPshort	+0.0100%	1h	11.095	+0.009%	$355K	$511K	15x
Variational Omni AVAX	+0.0100%	8h	11.107	+0.113%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.120	+0.235%	$355K	$790K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.124	+0.270%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.104	+0.090%	$130K	$361K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.103	+0.081%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.137	+0.384%	$12K	$710K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.098	+0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.107	+0.113%	$361K	$854K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.100	+0.054%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.090	−0.039%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.091	−0.031%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.100	+0.051%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.099	+0.044%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.103	+0.081%	$901K	$5.8M	50x	as long as short
Hyperliquid AVAX	+0.0387%	1h	11.109	+0.135%	$43.1M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.100	+0.054%	$236K	—	120x	as long as short