Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.015%

Price spread now: BloFin against Coinbase International−0.075%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.075%, 7d avg −0.051%

Together, before fees+0.062%+$6 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: BloFin is 0.023% cheaper against Coinbase International than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	10.737	0.0216	pay 0.0027% / 1h	56m 32s	$881K	$4.7M	50x
Short	BloFin AVAX-USDT	10.729	0.0220	get 0.0220% / 8h	2h 56m	$4.8M	$5.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0.84
Price spread: −0.075% → −0.051%: −$2.3
Slippage, 4 orders: −$32.92
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$56.39
Costs to cover: 0.549%
Break-even: 476.9 days

Slippage from Coinbase International: live order book, 2 min ago; BloFin: live order book, 2 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 Coinbase International live order book, 2 min ago	4.19 bp	14.5 bp −$15	21.7 bp −$217	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	7.93 bp	15.0 bp −$15	17.1 bp −$171	31.2 bp −$3,123	73.4 bp −$36.7K

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	+0.214%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.732	−0.051%	$4.1M	$11.1M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0123%	1h	10.728	−0.084%	$4.8M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.733	−0.034%	$94K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.730	−0.061%	$12K	—	150x	as long as short
Polymarket Perps AVAX-USD	+0.0012%	1h	10.733	−0.037%	$132K	$343K	10x	as long as short
Gate AVAX_USDT	+0.0044%	8h	10.727	−0.093%	$12.1M	$31.3M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0053%	1h	10.731	−0.056%	$376K	$530K	15x	as long as short
Variational Omni AVAX	+0.0067%	8h	10.769	+0.294%	$2.8M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.729	−0.073%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.732	−0.047%	$9K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.732	−0.048%	$12K	$212	20x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.728	−0.079%	$281K	$311K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.742	+0.047%	$40.3M	$40.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.727	−0.093%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.738	+0.006%	$270K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.731	−0.056%	$112.1M	$421.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.725	−0.112%	$79.9M	$141.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.732	−0.047%	$19.3M	$109.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.733	−0.037%	$43.5M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.729	−0.075%	$14.8M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.727	−0.093%	$31.9M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.732	−0.047%	—	$54.7M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.775	+0.353%	$343K	$940K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.767	+0.279%	$173K	$664K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.733	−0.037%	$189K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.756	+0.179%	$12K	$730K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.726	−0.102%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.726	−0.107%	$356K	$780K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.730	−0.065%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.729	−0.078%	$664K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.731	−0.055%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0216%	1h	10.737	long leg	$881K	$4.7M	50x
BloFin AVAX-USDTshort	+0.0220%	8h	10.729	−0.075%	$4.8M	$5.4M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	10.728	−0.086%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0272%	1h	10.732	−0.047%	$234K	—	120x	as long as short