Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h −0.006%

Price spread now: Paradex against Lighter−0.019%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	10.688	0.0096	pay 0.0012% / 1h	38m 41s	$1.2M	$2.4M	10x
Short	Paradex AVAX-USD-PERP	10.686	0.0087	get 0.0087% / 8h	38m 41s	$12K	$212	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Lighter. 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 LighterbpFee ParadexbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$1.86
Price spread: −0.019% → 0.000%: −$1.9
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.77
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 3 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 Lighter live order book, 3 min ago	3.08 bp	4.4 bp −$4	10.5 bp −$105	85.5 bp −$8,550	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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.687	−0.008%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERP	−0.0125%	1h	10.677	−0.098%	$288K	$336K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.700	+0.116%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.687	−0.009%	$4.8M	$6.8M	25x	as long as short
Gate AVAX_USDT	−0.0002%	8h	10.682	−0.056%	$13.0M	$30.6M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.691	+0.028%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.686	−0.017%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.674%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERPshort	+0.0087%	8h	10.686	−0.019%	$12K	$212	20x
Bybit AVAXUSDT	+0.0088%	8h	10.681	−0.065%	$81.5M	$141.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAXlong	+0.0096%	1h	10.688	long leg	$1.2M	$2.4M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.674	−0.131%	$25K	$471K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.698	+0.091%	$36.7M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.694	+0.053%	$2.2M	$913K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.692	+0.037%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.688	−0.001%	$113.2M	$412.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.681	−0.065%	$18.8M	$108.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.686	−0.019%	$45.9M	$79.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.688	0.000%	$13.7M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.688	0.000%	$32.4M	$47.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.684	−0.037%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.686	−0.019%	$436K	$554K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.709	+0.193%	$343K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.711	+0.215%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.685	−0.028%	$134K	$329K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.694	+0.056%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.715	+0.254%	$12K	$768K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.686	−0.019%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.684	−0.033%	$325K	$866K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.686	−0.019%	$28.5M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.677	−0.102%	$608K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.689	+0.008%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.683	−0.047%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.684	−0.037%	$850K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.680	−0.073%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.687	−0.005%	$225K	—	120x	as long as short