Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h +0.015%

Price spread now: Pacifica against MEXC+0.052%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.052%, 7d avg +0.002%

Together, before fees+0.028%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Pacifica is 0.050% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	11.236	0.0074	pay 0.0074% / 8h	2h 33m	$53.5M	$109.1M	200x
Short	Pacifica AVAX	11.242	0.0100	get 0.0013% / 1h	33m 09s	$299K	$122K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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 MEXCbpFee PacificabpOrdersPrice spread, now +0.052%Rate

Funding earned: $5.46
Price spread: +0.052% → +0.002%: $5.03
Slippage, 4 orders: −$11.96
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$9.46
Costs to cover: 0.200%
Break-even: 19.1 days

Slippage from MEXC: live order book, 1 min ago; Pacifica: live order book, 55 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 MEXC live order book, 1 min ago	1.34 bp	1.3 bp −$1	5.3 bp −$53	53.4 bp −$5,336	110.0 bp −$55.0K
Sell Pacifica live order book, 55 min ago	1.81 bp	10.7 bp −$11	22.5 bp −$225	doesn't fit	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
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.238	+0.018%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0155%	8h	11.233	−0.026%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0108%	1h	11.238	+0.018%	$297K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.210%	$17K	$127K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.242	+0.053%	$99K	$115K	10x	as long as short
Extended AVAX-USD	0.0000%	1h	11.236	+0.002%	$669K	$2.3M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.239	+0.024%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0051%	8h	11.239	+0.027%	$12.6M	$39.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0055%	8h	11.237	+0.009%	$20.0M	$147.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.243	+0.062%	$911K	$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	+0.0059%	8h	11.240	+0.036%	$30.2M	$4.8M	50x	as long as short
MEXC AVAX_USDTlong	+0.0074%	8h	11.236	long leg	$53.5M	$109.1M	200x
Binance AVAXUSDT	+0.0075%	8h	11.236	0.000%	$120.6M	$537.7M	75x	as long as short
Bybit AVAXUSDT	+0.0076%	8h	11.242	+0.053%	$86.6M	$152.4M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.235	−0.008%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.237	+0.008%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.236	0.000%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.235	−0.007%	$258K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.240	+0.035%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.242	+0.052%	$299K	$122K	10x
KuCoin AVAXUSDTM	+0.0100%	8h	11.242	+0.053%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.239	+0.027%	$34.5M	$61.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.239	+0.027%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.239	+0.027%	$333K	$560K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.240	+0.031%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.252	+0.142%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.239	+0.027%	$130K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.243	+0.062%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.264	+0.245%	$12K	$715K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.237	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.236	−0.004%	$360K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0195%	8h	11.241	+0.044%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.236	+0.001%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.247	+0.096%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.239	+0.028%	$242K	—	120x	as long as short
Hyperliquid AVAX	+0.0510%	1h	11.257	+0.187%	$43.4M	$58.4M	10x	as long as short