Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: Pacifica against Bitget+0.093%52s7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.419% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.093%, 7d avg +0.036%

Together, before fees−0.006%+ 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 0.058% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.036%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	10.991	0.0100	pay 0.0100% / 8h	4h 04m	$32.9M	$47.9M	75x
Short	Pacifica AVAX	11.001	0.0100	get 0.0013% / 1h	4m 45s	$277K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. 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 BitgetbpFee PacificabpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → +0.036%: $5.75
Slippage, 4 orders: −$21.93
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$36.17
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Pacifica: live order book, 54 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 Bitget live order book, 4 min ago	0.46 bp	8.7 bp −$9	14.7 bp −$147	36.3 bp −$3,631	doesn't fit
Sell Pacifica live order book, 54 min ago	5.39 bp	13.2 bp −$13	23.9 bp −$239	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	10.950	−0.373%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.995	+0.036%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0011%	1h	10.993	+0.023%	$285K	$372K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.997	+0.053%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.996	+0.045%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	10.997	+0.052%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.997	+0.055%	$16K	$548K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.999	+0.072%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.995	+0.036%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.001	+0.093%	$277K	$129K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	10.994	+0.024%	$115.9M	$430.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.990	−0.009%	$85.0M	$139.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.990	−0.009%	$20.2M	$114.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.996	+0.045%	$12.1M	$34.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.994	+0.027%	$46.1M	$78.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.999	+0.073%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	10.991	long leg	$32.9M	$47.9M	75x
BingX AVAX-USDT	+0.0100%	8h	10.995	+0.036%	—	$78.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.996	+0.045%	$368K	$549K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.996	+0.042%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.994	+0.026%	$344K	$883K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.993	+0.018%	$177K	$669K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.997	+0.055%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.002	+0.100%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.026	+0.318%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.996	+0.045%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.995	+0.041%	$366K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.998	+0.064%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.992	+0.012%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.989	−0.014%	$252K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	10.998	+0.065%	$4.2M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.992	+0.009%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.999	+0.073%	$891K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.995	+0.034%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.998	+0.061%	$233K	—	120x	as long as short
Hyperliquid AVAX	+0.0470%	1h	11.003	+0.109%	$42.7M	$41.9M	10x	as long as short