Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%

Price spread now: ApeX Omni against OKX−0.358%7-day average +0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1021.021% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)+1.004%+$100 · spread now −0.358%, 7d avg +0.076%

Together, before fees+1.096%+$110 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.434% cheaper against OKX than usual: you would sell low and buy high, −$43 on $10k if it goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVAX-USDT-SWAP	11.176	0.0100	pay 0.0100% / 8h	5h 31m	$20.1M	$117.9M	50x
Short	ApeX Omni AVAXUSDT	11.136	0.0100	get 0.0013% / 1h	31m 35s	$179K	$677K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.358%Rate

Funding earned: $0
Price spread: −0.358% → +0.076%: −$43.42
Slippage, 4 orders: −$82.09
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$145.51
Costs to cover: 1.021%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; ApeX Omni: live order book, 32 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 OKX live order book, 2 min ago	0.45 bp	8.2 bp −$8	16.4 bp −$164	72.8 bp −$7,282	doesn't fit
Sell ApeX Omni live order book, 32 min ago	14.79 bp	52.9 bp −$53	104.0 bp −$1,040	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
Injective AVAX/USDC PERP	−0.1374%	1h	11.080	−0.859%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0083%	1h	11.173	−0.022%	$287K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.164	−0.107%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.174	−0.019%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.170	−0.055%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.169	−0.059%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.171	−0.040%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.177	+0.009%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.174	−0.016%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.175	−0.007%	$2.3M	$1.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.176	−0.002%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.176	+0.002%	$119.3M	$433.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.175	−0.009%	$88.9M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	11.176	long leg	$20.1M	$117.9M	50x
Gate AVAX_USDT	+0.0100%	8h	11.172	−0.036%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.172	−0.036%	$48.0M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.175	−0.009%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.176	0.000%	$33.5M	$48.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.179	+0.027%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.163	−0.116%	$357K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.138	−0.337%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.164	−0.107%	$358K	$801K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.136	−0.358%	$179K	$677K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.174	−0.018%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.173	−0.027%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.201	+0.221%	$12K	$700K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.165	−0.098%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.169	−0.061%	$366K	$869K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.167	−0.081%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.175	−0.011%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.161	−0.134%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.174	−0.018%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.185	+0.081%	$902K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.168	−0.075%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.168	−0.068%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0485%	1h	11.189	+0.116%	$43.5M	$43.1M	10x	as long as short