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% APRpaid last 24h +0.010%

Price spread now: Pacifica against BingX+0.057%7-day average +0.033% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$460.465% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.057%, 7d avg +0.033%

Together, before fees+0.011%+ Points / potential airdropPacifica: Active · farm board+$1 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: Pacifica is 0.024% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDC	11.222	0.0100	pay 0.0100% / 8h	9m 33s	—	$6.5M	—
Short	Pacifica AVAX	11.228	0.0100	get 0.0013% / 1h	9m 33s	$298K	$118K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.033%: $2.43
Slippage, 4 orders: −$28.45
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$44.03
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; Pacifica: 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 BingX live order book, 1 min ago	0.89 bp	12.0 bp −$12	23.5 bp −$235	82.2 bp −$8,217	494.8 bp −$247.4K
Sell Pacifica live order book, 4 min ago	4.90 bp	13.7 bp −$14	22.9 bp −$229	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	11.180	−0.374%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.219	−0.027%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0098%	1h	11.223	+0.013%	$296K	$877K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.229	+0.059%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.220	−0.018%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.227	+0.041%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.224	+0.018%	$18K	$663K	50x	as long as short
Variational Omni AVAX	+0.0099%	8h	11.203	−0.170%	$3.0M	$2.4M	—	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.222	−0.001%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.224	+0.018%	$2.3M	$1.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXshort	+0.0100%	1h	11.228	+0.057%	$298K	$118K	10x
Binance AVAXUSDT	+0.0100%	8h	11.226	+0.036%	$120.3M	$510.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.225	+0.027%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.225	+0.027%	$20.3M	$143.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.222	0.000%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.226	+0.036%	$50.1M	$93.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.227	+0.045%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.227	+0.045%	$34.2M	$57.7M	75x	as long as short
BingX AVAX-USDClong	+0.0100%	8h	11.222	long leg	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.224	+0.018%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.213	−0.080%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.226	+0.036%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.231	+0.080%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.228	+0.053%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.249	+0.241%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.220	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.214	−0.067%	$362K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.216	−0.053%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.219	−0.024%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.217	−0.045%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.198	−0.214%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.228	+0.053%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.226	+0.036%	$4.6M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.217	−0.045%	$913K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0431% / S −0.0253%	1h	11.217	−0.043%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0788%	1h	11.240	+0.160%	$43.6M	$54.8M	10x	as long as short