Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.029%

Price spread now: BloFin against Extended+0.069%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs+$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.276%+$28 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.069%, 7d avg +0.070%

Together, before fees+0.150%+ Points / potential airdropExtended: Active · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	10.722	0.0104	pay 0.0013% / 1h	57m 14s	$664K	$1.3M	25x
Short	BloFin AVAX-USDT	10.729	0.0220	get 0.0220% / 8h	2h 57m	$4.8M	$5.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.069%Rate

Funding earned: $24.36
Price spread: +0.069% → +0.070%: −$0.12
Slippage, 4 orders: −$9.19
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.95
Costs to cover: 0.262%
Break-even: 7.6 days

Slippage from Extended: live order book, 1 min ago; BloFin: live order book, 6 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, 1 min ago	1.40 bp	4.8 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	2.31 bp	8.3 bp −$8	11.2 bp −$112	27.2 bp −$2,724	71.4 bp −$35.7K

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	+0.358%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.732	+0.093%	$4.1M	$11.1M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0123%	1h	10.728	+0.060%	$4.8M	$7.5M	25x	as long as short
Polymarket Perps AVAX-USD	−0.0005%	1h	10.727	+0.050%	$132K	$346K	10x	as long as short
Backpack AVAX_USDC_PERP	−0.0004%	1h	10.712	−0.090%	$375K	$530K	15x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.726	+0.038%	$94K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.730	+0.082%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0048%	8h	10.727	+0.050%	$12.1M	$31.3M	75x	as long as short
Variational Omni AVAX	+0.0067%	8h	10.769	+0.438%	$2.8M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.728	+0.060%	$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	10.728	+0.060%	$8K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.719	−0.026%	$12K	$212	20x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.719	−0.024%	$281K	$311K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.737	+0.144%	$40.3M	$40.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.724	+0.019%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.726	+0.045%	$270K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.729	+0.072%	$112.1M	$421.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.722	+0.004%	$79.9M	$141.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.729	+0.069%	$19.3M	$109.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.732	+0.097%	$43.5M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.733	+0.106%	$14.8M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.725	+0.032%	$31.9M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.728	+0.060%	—	$54.7M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.775	+0.497%	$343K	$940K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.767	+0.423%	$173K	$664K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.733	+0.106%	$189K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.756	+0.323%	$12K	$730K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.726	+0.041%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.726	+0.036%	$356K	$780K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.730	+0.078%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	10.722	long leg	$664K	$1.3M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.731	+0.088%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.737	+0.144%	$881K	$4.7M	50x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	10.729	+0.069%	$4.8M	$5.4M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	10.723	+0.011%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0272%	1h	10.732	+0.096%	$234K	—	120x	as long as short