Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.032%

Price spread now: Paradex against Coinbase International−0.172%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Paradex is 0.172% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	10.795	0.0232	pay 0.0029% / 1h	1m 09s	$886K	$4.7M	50x
Short	Paradex AVAX-USD-PERP	10.776	0.0097	get 0.0097% / 8h	3h 01m	$12K	$212	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ParadexbpOrdersPrice spread, now −0.172%Rate

Funding earned: −$28.43
Price spread: −0.172% → 0.000%: −$17.23
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$59.67
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 3 min ago; Paradex: 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 Coinbase International live order book, 3 min ago	3.69 bp	12.8 bp −$13	18.7 bp −$187	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Injective AVAX/USDC PERP	−0.1421%	1h	10.760	−0.324%	$17K	$152K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0028%	1h	10.787	−0.074%	$4.9M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.775	−0.188%	$94K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.782	−0.118%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.789	−0.055%	$4.2M	$11.1M	50x	as long as short
Nado AVAX-PERP	+0.0042%	1h	10.768	−0.255%	$281K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0046%	8h	10.778	−0.157%	$12.2M	$32.9M	75x	as long as short
Variational Omni AVAX	+0.0081%	8h	10.844	+0.450%	$2.8M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.785	−0.094%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.777	−0.167%	$8K	$442K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERPshort	+0.0097%	8h	10.776	−0.172%	$12K	$212	20x
Aster AVAXUSDT	+0.0100%	8h	10.780	−0.137%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.777	−0.167%	$271K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.786	−0.080%	$113.2M	$419.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.772	−0.213%	$80.5M	$141.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.780	−0.139%	$19.5M	$109.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.785	−0.093%	$44.1M	$79.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.787	−0.074%	$14.7M	$21.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.778	−0.157%	$32.1M	$47.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.783	−0.111%	—	$54.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.784	−0.102%	$368K	$528K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.847	+0.480%	$341K	$942K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.839	+0.408%	$174K	$664K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.776	−0.176%	$133K	$368K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.788	−0.065%	$189K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.815	+0.189%	$11K	$725K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.784	−0.102%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.786	−0.088%	$358K	$780K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.790	−0.046%	$28.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.777	−0.166%	$663K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.776	−0.173%	$248K	—	3x	as long as short
Hyperliquid AVAX	+0.0177%	1h	10.791	−0.037%	$40.6M	$40.3M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.793	−0.019%	$4.8M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0232%	1h	10.795	long leg	$886K	$4.7M	50x
Reya AVAXRUSDPERP	+0.0244%	1h	10.774	−0.192%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0272%	1h	10.783	−0.108%	$235K	—	120x	as long as short