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 +0.002%

Price spread now: Phemex against BingX+0.045%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on BingX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.045%, 7d avg +0.051%

Together, before fees−0.264%−$26 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDT	11.075	0.0100	pay 0.0100% / 8h	4h 50m	—	$80.3M	—
Short	Phemex AVAXUSDT	11.080	0.0100	get 0.0100% / 8h	4h 50m	$29.6M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.051%: −$0.61
Slippage, 4 orders: −$18.57
Fee BingX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$41.17
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Phemex: 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, 4 min ago	0.45 bp	5.8 bp −$6	7.2 bp −$72	10.7 bp −$1,072	22.3 bp −$11.2K
Sell Phemex live order book, 4 min ago	1.35 bp	15.1 bp −$15	24.2 bp −$242	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	−0.1423%	1h	11.090	+0.135%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0201%	1h	11.075	0.000%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.077	+0.015%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.082	+0.064%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0009%	1h	11.080	+0.045%	$285K	$394K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0058%	1h	11.137	+0.560%	$179K	$673K	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.079	+0.033%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.076	+0.009%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.082	+0.068%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.078	+0.031%	$2.3M	$1.1M	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	11.083	+0.070%	$289K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.070	−0.044%	$117.7M	$427.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.069	−0.054%	$88.1M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.072	−0.027%	$20.2M	$115.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.077	+0.018%	$12.1M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.074	−0.009%	$48.1M	$77.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.086	+0.099%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.076	+0.009%	$33.3M	$48.1M	75x	as long as short
BingX AVAX-USDTlong	+0.0100%	8h	11.075	long leg	—	$80.3M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.075	0.000%	$335K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.091	+0.140%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.137	+0.560%	$355K	$835K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.085	+0.090%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.084	+0.081%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.113	+0.345%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.077	+0.018%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.075	+0.005%	$364K	$829K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	11.080	+0.045%	$29.6M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	11.074	−0.012%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.079	+0.035%	$254K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.081	+0.053%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.093	+0.163%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.089	+0.126%	$888K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.081	+0.052%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.083	+0.070%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0682%	1h	11.089	+0.126%	$43.2M	$42.3M	10x	as long as short