Settings8H · net · $10k
Funding arb · Price arb /

AVAX

all AVAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.034%
Price spread now: Pacifica against Bybit+0.127%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$380.385% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.112%+$11 on $10k
Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.127%, 7d avg +0.043%
Together, before fees+0.048%+ Points / potential airdropPacifica: Active · farm board+$5 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 0.084% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit AVAXUSDT11.1350.0100pay 0.0100% / 8h4h 29m$88.3M$137.5M75x
ShortPacifica AVAX11.1490.0100get 0.0013% / 1h29m 14s$291K$114K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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

Funding earned
$0
Price spread: +0.127% → +0.043%
$8.36
Slippage, 4 orders
−$19.48
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$30.12
Costs to cover
0.385%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Pacifica: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago0.45 bp7.7 bp −$814.2 bp −$14240.1 bp −$4,011doesn't fit
Sell Pacifica live order book, 29 min ago5.39 bp13.2 bp −$1323.9 bp −$239doesn't fitdoesn't fit

AVAX on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AVAX/USDC PERP−0.1423%1h11.100−0.314%$17K$151K12xas long as short
Nado AVAX-PERP−0.0034%1h11.147+0.106%$287K$368K10xas long as short
dYdX AVAX-USD0.0000%1h11.148+0.116%$98K$97K10xas long as short
Deribit AVAX_USDC-PERPETUAL0.0000%1h11.141+0.054%$5.2M$7.9M25xas long as short
gTrade (Gains Network) AVAX/USDL +0.0002% / S −0.0003%1h11.139+0.038%$13K150xas long as short
Lighter AVAX+0.0096%1h11.140+0.047%$1.2M$2.9M10xas long as short
Popdex AVAXUSDT+0.0096%1h11.140+0.045%$15K$548K50xas long as short
Paradex AVAX-USD-PERP+0.0100%8h11.139+0.034%$13K$43420xas long as short
Aster AVAXUSDT+0.0100%8h11.146+0.097%$2.3M$1.1M75xas long as short
Pacifica AVAXshort+0.0100%1h11.149+0.127%$291K$114K10x
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance AVAXUSDT+0.0100%8h11.142+0.067%$118.2M$426.4M75xas long as short
Bybit AVAXUSDTlong+0.0100%8h11.135long leg$88.3M$137.5M75x
OKX AVAX-USDT-SWAP+0.0100%8h11.131−0.036%$20.4M$115.3M50xas long as short
Gate AVAX_USDT+0.0100%8h11.142+0.063%$12.2M$34.2M75xas long as short
MEXC AVAX_USDT+0.0100%8h11.144+0.081%$48.0M$77.7M200xas long as short
KuCoin AVAXUSDTM+0.0100%8h11.142+0.063%$15.6M$21.7M75xas long as short
Bitget AVAXUSDT+0.0100%8h11.144+0.081%$33.4M$48.0M75xas long as short
BingX AVAX-USDT+0.0100%8h11.144+0.081%$78.5Mas long as short
Backpack AVAX_USDC_PERP+0.0100%1h11.160+0.225%$337K$521K15xas long as short
Variational Omni AVAX+0.0100%8h11.137+0.014%$2.9M$2.2Mas long as short
GRVT AVAX_USDT_Perp+0.0100%8h11.143+0.074%$353K$853K10xas long as short
ApeX Omni AVAXUSDT+0.0100%1h11.143+0.072%$179K$672K50xas long as short
Polymarket Perps AVAX-USD+0.0100%1h11.144+0.081%$131K$337K10xas long as short
Orderly PERP_AVAX_USDC+0.0100%8h11.146+0.099%$196K$310K20xas long as short
SunX AVAX-USDT+0.0100%8h11.169+0.310%$12K$704K20xas long as short
SoDEX AVAX-USD+0.0100%1h11.144+0.081%$19K$72K10xas long as short
HTX AVAX-USDT+0.0100%8h11.146+0.094%$364K$819K75xas long as short
Phemex AVAXUSDT+0.0100%8h11.143+0.072%$29.8M$5.8M50xas long as short
Extended AVAX-USD+0.0104%1h11.140+0.046%$685K$1.4M25xas long as short
Aevo AVAX-PERP+0.0104%1h11.143+0.069%$256K3xas long as short
Kraken Futures PF_AVAXUSD+0.0211%1h11.146+0.101%$4.3M$11.2M50xas long as short
BloFin AVAX-USDT+0.0220%8h11.138+0.027%$5.0M$5.4M100xas long as short
Coinbase International AVAX-PERP-INTX+0.0232%1h11.152+0.153%$892K$5.2M50xas long as short
Reya AVAXRUSDPERP+0.0244%1h11.141+0.051%$1K20xas long as short
GMX AVAX/USD [AVAX-USDC]L +0.0436% / S −0.0295%1h11.139+0.038%$236K120xas long as short
Hyperliquid AVAX+0.0591%1h11.155+0.180%$43.2M$42.3M10xas long as short