Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%

Price spread now: OKX against Extended+0.021%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

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

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days+0.012%+$1 · spread now +0.021%, 7d avg +0.051%

Together, before fees+0.041%+ Points / potential airdropExtended: Active · farm board+$4 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: OKX is 0.029% cheaper against Extended than usual: you would sell low and buy high, −$3 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	Extended AVAX-USD	11.067	0.0104	pay 0.0013% / 1h	25m 54s	$685K	$1.4M	25x
Short	OKX AVAX-USDT-SWAP	11.069	0.0100	get 0.0100% / 8h	4h 25m	$20.4M	$114.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$0.84
Price spread: +0.021% → +0.051%: −$2.94
Slippage, 4 orders: −$11.24
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30.01
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago	2.71 bp	6.1 bp −$6	8.6 bp −$86	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.45 bp	8.2 bp −$8	17.3 bp −$173	41.8 bp −$4,183	doesn't fit

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	11.080	+0.121%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0030%	1h	11.066	−0.010%	$285K	$368K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0021%	1h	11.068	+0.012%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.075	+0.079%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.068	+0.015%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.071	+0.040%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.068	+0.012%	$15K	$548K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.071	+0.043%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.070	+0.026%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.083	+0.148%	$289K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.071	+0.043%	$117.5M	$426.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.063	−0.033%	$87.7M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	11.069	+0.021%	$20.4M	$114.9M	50x
Gate AVAX_USDT	+0.0100%	8h	11.071	+0.040%	$12.2M	$34.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.073	+0.058%	$47.4M	$77.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.078	+0.103%	$15.6M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.065	−0.015%	$33.2M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.069	+0.021%	—	$78.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.071	+0.040%	$334K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.064	−0.020%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.143	+0.692%	$353K	$853K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.140	+0.663%	$179K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.068	+0.012%	$130K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.075	+0.076%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.108	+0.378%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.072	+0.049%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.073	+0.061%	$362K	$819K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.075	+0.076%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	11.067	long leg	$685K	$1.4M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.066	−0.004%	$254K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0213%	1h	11.074	+0.064%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.093	+0.238%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.087	+0.184%	$886K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.064	−0.022%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.065	−0.012%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0571%	1h	11.082	+0.139%	$43.0M	$42.4M	10x	as long as short