Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.019%

Price spread now: ApeX Omni against BloFin−0.167%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$500.504% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)+0.674%+$67 · spread now −0.167%, 7d avg +0.019%

Together, before fees+0.505%+$51 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.186% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	10.787	0.0220	pay 0.0220% / 8h	7h 47m	$4.7M	$5.5M	100x
Short	ApeX Omni AVAXUSDT	10.769	0.0100	get 0.0013% / 1h	47m 01s	$174K	$663K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.167%Rate

Funding earned: −$25.2
Price spread: −0.167% → +0.019%: −$18.62
Slippage, 4 orders: −$28.43
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$94.25
Costs to cover: 0.504%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; ApeX Omni: live order book, 51 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 BloFin live order book, 7 min ago	1.39 bp	7.9 bp −$8	11.0 bp −$110	29.8 bp −$2,985	86.0 bp −$43.0K
Sell ApeX Omni live order book, 51 min ago	6.56 bp	14.4 bp −$14	65.3 bp −$653	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
Nado AVAX-PERP	−0.0289%	1h	10.789	+0.014%	$281K	$331K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.790	+0.028%	$3.7M	$11.6M	50x	as long as short
Phemex AVAXUSDT	−0.0123%	8h	10.787	0.000%	$28.8M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.764	−0.216%	$3.0M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0028%	1h	10.789	+0.019%	$4.9M	$6.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.785	−0.022%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.796	+0.079%	$12K	—	150x	as long as short
SoDEX AVAX-USD	+0.0002%	1h	10.786	−0.009%	$18K	$68K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.250%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.786	−0.012%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.787	−0.003%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.788	+0.009%	$28K	$463K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.803	+0.148%	$37.0M	$40.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.789	+0.014%	$2.4M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.785	−0.017%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.779	−0.071%	$114.0M	$398.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.805	+0.167%	$84.5M	$138.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.810	+0.213%	$19.0M	$107.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.785	−0.019%	$13.6M	$28.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.782	−0.046%	$53.2M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.790	+0.028%	$14.0M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.786	−0.009%	$32.9M	$45.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.778	−0.083%	—	$53.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.795	+0.074%	$439K	$531K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.769	−0.167%	$340K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	10.769	−0.167%	$174K	$663K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.795	+0.074%	$136K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.798	+0.102%	$233K	$248K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.815	+0.255%	$12K	$770K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.787	+0.005%	$333K	$867K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.780	−0.068%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.784	−0.025%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.770	−0.158%	$850K	$5.2M	50x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	10.787	long leg	$4.7M	$5.5M	100x
Reya AVAXRUSDPERP	+0.0245%	1h	10.786	−0.008%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.789	+0.023%	$228K	—	120x	as long as short