Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.030%

Price spread now: Pacifica against Gate+0.027%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$510.505% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.027%, 7d avg +0.016%

Together, before fees+0.110%+ Points / potential airdropPacifica: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.127	0.0065	pay 0.0065% / 8h	6h 32m	$12.1M	$36.6M	75x
Short	Pacifica AVAX	11.130	0.0100	get 0.0013% / 1h	32m 27s	$296K	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now +0.027%Rate

Funding earned: $7.35
Price spread: +0.027% → +0.016%: $1.17
Slippage, 4 orders: −$27.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$42.02
Costs to cover: 0.505%
Break-even: 47.0 days

Slippage from Gate: live order book, 1 min ago; Pacifica: live order book, 36 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 Gate live order book, 1 min ago	0.45 bp	14.1 bp −$14	22.0 bp −$220	43.8 bp −$4,380	72.6 bp −$36.3K
Sell Pacifica live order book, 36 min ago	4.91 bp	12.5 bp −$12	22.8 bp −$228	doesn't fit	doesn't fit

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	11.090	−0.333%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.111	−0.144%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0046%	1h	11.133	+0.054%	$286K	$517K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.128	+0.010%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.116	−0.098%	$13K	—	150x	as long as short
Gate AVAX_USDTlong	+0.0065%	8h	11.127	long leg	$12.1M	$36.6M	75x
Lighter AVAX	+0.0096%	1h	11.128	+0.007%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.133	+0.054%	$15K	$595K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.126	−0.012%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.126	−0.011%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXshort	+0.0100%	1h	11.130	+0.027%	$296K	$107K	10x
Binance AVAXUSDT	+0.0100%	8h	11.133	+0.054%	$118.6M	$468.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.135	+0.072%	$88.7M	$145.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.138	+0.099%	$20.0M	$126.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.126	−0.009%	$48.7M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.125	−0.018%	$15.6M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.136	+0.081%	$33.5M	$51.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.129	+0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.113	−0.126%	$355K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.119	−0.074%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.116	−0.098%	$350K	$808K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.118	−0.081%	$179K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.140	+0.117%	$131K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.119	−0.072%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.146	+0.166%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.114	−0.117%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.115	−0.110%	$361K	$938K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.115	−0.108%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.126	−0.008%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.108	−0.167%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.135	+0.075%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.114	−0.113%	$4.3M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.130	+0.027%	$905K	$6.0M	50x	as long as short
Hyperliquid AVAX	+0.0432%	1h	11.151	+0.216%	$43.5M	$47.0M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.115	−0.103%	$236K	—	120x	as long as short