Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.010%

Price spread now: Pacifica against BloFin−0.010%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.010%, 7d avg +0.001%

Together, before fees−0.063%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	10.543	0.0220	pay 0.0220% / 8h	2h 23m	$4.6M	$5.6M	100x
Short	Pacifica AVAX	10.542	0.0100	get 0.0013% / 1h	23m 48s	$265K	$130K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.010%Rate

Funding earned: −$25.2
Price spread: −0.010% → +0.001%: −$1.06
Slippage, 4 orders: −$15.95
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$62.21
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Pacifica: live order book, 24 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, 5 min ago	0.94 bp	7.5 bp −$7	14.3 bp −$143	35.8 bp −$3,583	doesn't fit
Sell Pacifica live order book, 24 min ago	5.19 bp	12.2 bp −$12	doesn't fit	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	10.760	+2.058%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.556	+0.125%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0055%	1h	10.541	−0.019%	$287K	$339K	10x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	−0.078%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.540	−0.028%	$87K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.551	+0.076%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.548	+0.048%	$12K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0028%	1h	10.550	+0.066%	$367K	$563K	15x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.541	−0.019%	$12.1M	$32.7M	75x	as long as short
Bybit AVAXUSDT	+0.0074%	8h	10.531	−0.114%	$77.8M	$144.9M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0083%	1h	10.548	+0.047%	$131K	$355K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.549	+0.061%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.550	+0.066%	$18K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.545	+0.016%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.541	−0.019%	$37.8M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.546	+0.025%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	10.542	−0.010%	$265K	$130K	10x
Binance AVAXUSDT	+0.0100%	8h	10.543	0.000%	$112.3M	$430.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.535	−0.076%	$18.5M	$111.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.542	−0.009%	$43.4M	$80.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.535	−0.076%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.531	−0.114%	$32.0M	$49.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.540	−0.028%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.602	+0.560%	$340K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.559	+0.152%	$170K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.553	+0.095%	$167K	$321K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.582	+0.365%	$12K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.552	+0.085%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.532	−0.102%	$342K	$803K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.552	+0.085%	$28.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.535	−0.080%	$634K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.550	+0.066%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.546	+0.028%	$826K	$4.8M	50x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	10.543	long leg	$4.6M	$5.6M	100x
Reya AVAXRUSDPERP	+0.0245%	1h	10.545	+0.022%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.548	+0.048%	$231K	—	120x	as long as short