Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0187%/8h= +20.4% APRpaid last 24h +0.302%

Price spread now: BloFin against Injective+0.743%7-day average +0.227% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$1041.041% of the position

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.678%+$68 on $10k

Price spread, last 4 days (all we have)−1.729%−$173 · spread now +0.743%, 7d avg +0.227%

Together, before fees−1.051%−$105 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.517% dearer against Injective than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of +0.227%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	10.760	0.0033	pay 0.0004% / 1h	18m 42s	$17K	$151K	12x
Short	BloFin AVAX-USDT	10.840	0.0220	get 0.0220% / 8h	7h 18m	$4.7M	$5.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now +0.743%Rate

Funding earned: $39.2
Price spread: +0.743% → +0.227%: $51.68
Slippage, 4 orders: −$92.06
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$13.19
Costs to cover: 1.041%
Break-even: 9.4 days

Slippage from Injective: live order book, 15 min ago; BloFin: live order book, 5 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 Injective live order book, 15 min ago	27.96 bp	59.5 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.46 bp	10.1 bp −$10	17.2 bp −$172	46.1 bp −$4,610	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
Kraken Futures PF_AVAXUSD	−0.0264%	1h	10.850	+0.835%	$3.8M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0206%	1h	10.846	+0.804%	$282K	$312K	10x	as long as short
Phemex AVAXUSDT	−0.0156%	8h	10.845	+0.790%	$28.9M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0083%	8h	10.849	+0.826%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0080%	1h	10.844	+0.781%	$18K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.855	+0.886%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.842	+0.762%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.847	+0.806%	$12K	—	150x	as long as short
Injective AVAX/USDC PERPlong	+0.0033%	1h	10.760	long leg	$17K	$151K	12x
Gate AVAX_USDT	+0.0042%	8h	10.855	+0.883%	$14.0M	$29.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0087%	8h	10.853	+0.861%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.853	+0.865%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.850	+0.836%	$22K	$469K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.866	+0.986%	$36.1M	$39.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.860	+0.930%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.858	+0.911%	$273K	$127K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.854	+0.872%	$114.6M	$387.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.854	+0.874%	$85.1M	$136.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.853	+0.864%	$19.2M	$106.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.853	+0.864%	$53.2M	$79.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.853	+0.864%	$14.0M	$20.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.852	+0.855%	$33.1M	$44.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.852	+0.855%	—	$52.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.846	+0.799%	$439K	$531K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.854	+0.874%	$342K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.858	+0.911%	$175K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.855	+0.883%	$136K	$266K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.844	+0.781%	$234K	$224K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.873	+1.051%	$12K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.818	+0.541%	$335K	$854K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.849	+0.831%	$619K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.834	+0.683%	$249K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.872	+1.041%	$860K	$5.2M	50x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	10.840	+0.743%	$4.7M	$5.4M	100x
Reya AVAXRUSDPERP	+0.0245%	1h	10.845	+0.790%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.871	+1.032%	$229K	—	120x	as long as short