Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.030%

Price spread now: Extended against OKX+0.007%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.007%, 7d avg −0.030%

Together, before fees−0.095%+ Points / potential airdropExtended: Active · farm board−$10 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: Extended is 0.037% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVAX-USDT-SWAP	11.229	0.0100	pay 0.0100% / 8h	0m 33s	$20.3M	$143.1M	50x
Short	Extended AVAX-USD	11.230	0.0104	get 0.0013% / 1h	0m 33s	$669K	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0.84
Price spread: +0.007% → −0.030%: $3.74
Slippage, 4 orders: −$12.94
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$23.36
Costs to cover: 0.279%
Break-even: 201.7 days

Slippage from OKX: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago	0.44 bp	8.1 bp −$8	16.5 bp −$165	58.4 bp −$5,839	doesn't fit
Sell Extended live order book, 3 min ago	0.44 bp	5.5 bp −$5	7.6 bp −$76	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	−0.1451%	1h	11.180	−0.436%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.231	+0.018%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.228	−0.004%	$296K	$877K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.231	+0.015%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.232	+0.027%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.232	+0.030%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.232	+0.027%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.231	+0.021%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.231	+0.016%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.235	+0.052%	$298K	$118K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.232	+0.025%	$120.3M	$510.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.232	+0.027%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	11.229	long leg	$20.3M	$143.1M	50x
Gate AVAX_USDT	+0.0100%	8h	11.230	+0.009%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.230	+0.009%	$50.0M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.238	+0.080%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.232	+0.027%	$34.3M	$57.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.232	+0.027%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.234	+0.045%	$359K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.228	−0.009%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.228	−0.009%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	+0.080%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.234	+0.045%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.239	+0.089%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.260	+0.276%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.232	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.229	−0.004%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.230	+0.009%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.230	+0.007%	$669K	$2.1M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.228	−0.009%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.232	+0.027%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.230	+0.009%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.237	+0.072%	$4.6M	$12.9M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.235	+0.053%	$917K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0433% / S −0.0256%	1h	11.231	+0.015%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0755%	1h	11.250	+0.187%	$43.8M	$55.0M	10x	as long as short