Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0131%/8h= −14.4% APRpaid last 24h −0.037%

Price spread now: SoDEX against BloFin−0.084%56s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.084% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 56 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	BloFin AVAX-USDT	10.729	0.0220	pay 0.0220% / 8h	1h 05m	$4.6M	$5.6M	100x
Short	SoDEX AVAX-USD	10.720	0.0089	get 0.0011% / 1h	5m 21s	$18K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$27.61
Price spread: −0.084% → 0.000%: −$8.39
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$56
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 3 min ago	0.47 bp	10.0 bp −$10	13.6 bp −$136	29.3 bp −$2,930	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0196%	1h	10.702	−0.252%	$281K	$337K	10x	as long as short
Variational Omni AVAX	−0.0062%	8h	10.713	−0.153%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0030%	1h	10.720	−0.084%	$4.8M	$7.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.709	−0.186%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.706	−0.214%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0016%	8h	10.705	−0.224%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.289%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.709	−0.191%	$12K	$212	20x	as long as short
SoDEX AVAX-USDshort	+0.0089%	1h	10.720	−0.084%	$18K	$72K	10x
Bybit AVAXUSDT	+0.0089%	8h	10.701	−0.261%	$81.7M	$144.8M	75x	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	10.711	−0.171%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.700	−0.270%	$25K	$475K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.713	−0.149%	$37.2M	$43.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.712	−0.162%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.715	−0.134%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.702	−0.252%	$113.4M	$420.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.700	−0.270%	$18.8M	$111.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.707	−0.205%	$45.5M	$81.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.703	−0.242%	$13.7M	$22.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.702	−0.252%	$32.4M	$48.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.703	−0.242%	—	$54.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.725	−0.037%	$437K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.728	−0.008%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.728	−0.009%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.705	−0.224%	$135K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.709	−0.186%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.759	+0.284%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.729	+0.005%	$326K	$899K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.722	−0.065%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.698	−0.285%	$612K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.702	−0.252%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.720	−0.087%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.729	0.000%	$853K	$5.1M	50x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	10.729	long leg	$4.6M	$5.6M	100x
Reya AVAXRUSDPERP	+0.0245%	1h	10.701	−0.258%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.707	−0.209%	$226K	—	120x	as long as short