Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0374%/8h= −40.9% APRpaid last 24h −0.065%

Price spread now: Paradex against Hyperliquid−0.202%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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 airdropHyperliquid: Season 2 · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Paradex is 0.202% cheaper against Hyperliquid than usual: you would sell low and buy high (−$20 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	Hyperliquid AVAX	11.247	0.0469	pay 0.0059% / 1h	35m 57s	$43.2M	$58.3M	10x
Short	Paradex AVAX-USD-PERP	11.224	0.0096	get 0.0096% / 8h	2h 35m	$13K	$766	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Hyperliquid. 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 HyperliquidbpFee ParadexbpOrdersPrice spread, now −0.202%Rate

Funding earned: −$78.5
Price spread: −0.202% → 0.000%: −$20.19
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$111.69
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 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 Hyperliquid live order book, 8 min ago	0.45 bp	6.5 bp −$6	13.1 bp −$131	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
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.224	−0.204%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0169%	8h	11.174	−0.653%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0114%	1h	11.232	−0.133%	$297K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.307%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0008%	1h	11.231	−0.144%	$669K	$2.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.232	−0.137%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.226	−0.188%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0044%	8h	11.232	−0.133%	$12.6M	$39.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0054%	8h	11.244	−0.027%	$20.0M	$147.9M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.246	−0.009%	$915K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0064%	8h	11.224	−0.204%	$30.1M	$4.8M	50x	as long as short
Bybit AVAXUSDT	+0.0068%	8h	11.246	−0.009%	$86.7M	$152.3M	75x	as long as short
MEXC AVAX_USDT	+0.0070%	8h	11.236	−0.098%	$53.5M	$109.1M	200x	as long as short
Binance AVAXUSDT	+0.0073%	8h	11.237	−0.089%	$120.6M	$537.6M	75x	as long as short
Paradex AVAX-USD-PERPshort	+0.0096%	8h	11.224	−0.202%	$13K	$766	20x
Lighter AVAX	+0.0096%	1h	11.226	−0.190%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.232	−0.133%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.220	−0.244%	$258K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.232	−0.134%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.232	−0.135%	$298K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.234	−0.116%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.244	−0.027%	$34.6M	$61.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.242	−0.044%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.230	−0.151%	$333K	$559K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.170	−0.685%	$353K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.176	−0.631%	$180K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.234	−0.116%	$130K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.233	−0.124%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.253	+0.057%	$12K	$715K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.223	−0.213%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.223	−0.218%	$360K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0190%	8h	11.229	−0.160%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.227	−0.176%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0256%	1h	11.233	−0.125%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.227	−0.180%	$242K	—	120x	as long as short
Hyperliquid AVAXlong	+0.0469%	1h	11.247	long leg	$43.2M	$58.3M	10x