Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.029%

Price spread now: BingX against Extended+0.046%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 4 days (all we have)+0.015%+$1 · spread now +0.046%, 7d avg +0.037%

Together, before fees+0.102%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	11.115	0.0104	pay 0.0013% / 1h	5m 12s	$671K	$1.6M	25x
Short	BingX AVAX-USDC	11.120	0.0100	get 0.0100% / 8h	6h 05m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$0.84
Price spread: +0.046% → +0.037%: $0.91
Slippage, 4 orders: −$19.33
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$34.25
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; BingX: live order book, 1 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 Extended live order book, 3 min ago	0.45 bp	5.2 bp −$5	7.5 bp −$75	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	0.90 bp	14.2 bp −$14	27.3 bp −$273	85.0 bp −$8,500	529.2 bp −$264.6K

AVAX on 35 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	11.060	−0.494%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0039%	1h	11.116	+0.005%	$286K	$475K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.117	+0.019%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.115	+0.003%	$102K	$91K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.122	+0.067%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0084%	8h	11.118	+0.028%	$12.1M	$36.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.118	+0.026%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.118	+0.028%	$16K	$578K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.117	+0.019%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.122	+0.061%	$2.3M	$1.3M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.120	+0.044%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.117	+0.021%	$118.5M	$446.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.118	+0.028%	$88.4M	$140.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.120	+0.046%	$20.0M	$121.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.118	+0.028%	$48.6M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.122	+0.064%	$15.5M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.116	+0.010%	$33.4M	$49.8M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	11.120	+0.046%	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.120	+0.046%	$356K	$502K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.108	−0.066%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.086	−0.262%	$354K	$790K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.106	−0.080%	$178K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.125	+0.091%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.125	+0.091%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.153	+0.342%	$12K	$709K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.119	+0.037%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.118	+0.032%	$361K	$855K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.116	+0.010%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	11.115	long leg	$671K	$1.6M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.114	−0.008%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.121	+0.052%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.122	+0.061%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.125	+0.091%	$902K	$5.7M	50x	as long as short
Hyperliquid AVAX	+0.0385%	1h	11.133	+0.165%	$43.2M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.121	+0.058%	$236K	—	120x	as long as short