Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0045%/8h= +5.0% APRpaid last 24h +0.018%

Price spread now: Pacifica against OKX+0.126%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.126%, 7d avg +0.039%

Together, before fees+0.020%+ Points / potential airdropPacifica: Active · farm board+$2 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 0.087% dearer against OKX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVAX-USDT-SWAP	11.233	0.0055	pay 0.0055% / 8h	2h 35m	$20.0M	$147.7M	50x
Short	Pacifica AVAX	11.247	0.0100	get 0.0013% / 1h	35m 24s	$299K	$122K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.126%Rate

Funding earned: $9.52
Price spread: +0.126% → +0.039%: $8.7
Slippage, 4 orders: −$16.63
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$16.41
Costs to cover: 0.346%
Break-even: 19.1 days

Slippage from OKX: live order book, 4 min ago; Pacifica: live order book, 53 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, 4 min ago	0.45 bp	9.3 bp −$9	17.4 bp −$174	48.7 bp −$4,867	doesn't fit
Sell Pacifica live order book, 53 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
Variational Omni AVAX	−0.0155%	8h	11.233	+0.001%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0113%	1h	11.238	+0.045%	$297K	$956K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.235	+0.018%	$5.3M	$9.4M	25x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.184%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0008%	1h	11.232	−0.011%	$669K	$2.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.249	+0.138%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.241	+0.069%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0047%	8h	11.242	+0.080%	$12.6M	$39.9M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0055%	8h	11.233	long leg	$20.0M	$147.7M	50x
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.246	+0.116%	$915K	$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	+0.0064%	8h	11.224	−0.080%	$30.1M	$4.8M	50x	as long as short
Bybit AVAXUSDT	+0.0070%	8h	11.241	+0.071%	$86.6M	$152.3M	75x	as long as short
MEXC AVAX_USDT	+0.0073%	8h	11.237	+0.036%	$53.5M	$109.1M	200x	as long as short
Binance AVAXUSDT	+0.0073%	8h	11.239	+0.052%	$120.6M	$537.7M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.245	+0.108%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.246	+0.112%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.244	+0.098%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.235	+0.013%	$258K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.244	+0.094%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.247	+0.126%	$299K	$122K	10x
KuCoin AVAXUSDTM	+0.0100%	8h	11.244	+0.098%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.234	+0.009%	$34.5M	$61.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.240	+0.062%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.230	−0.027%	$333K	$559K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.243	+0.091%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.252	+0.169%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.247	+0.125%	$130K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.241	+0.071%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.271	+0.343%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.233	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.223	−0.093%	$360K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0190%	8h	11.229	−0.036%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.239	+0.050%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.243	+0.091%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.239	+0.054%	$242K	—	120x	as long as short
Hyperliquid AVAX	+0.0476%	1h	11.261	+0.249%	$43.4M	$58.3M	10x	as long as short