Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: Phemex against OKX+0.099%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.322%−$32 · spread now +0.099%, 7d avg +0.056%

Together, before fees−0.273%−$27 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: Phemex is 0.042% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVAX-USDT-SWAP	11.143	0.0100	pay 0.0100% / 8h	4h 43m	$20.3M	$116.1M	50x
Short	Phemex AVAXUSDT	11.154	0.0100	get 0.0100% / 8h	4h 43m	$29.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.099%Rate

Funding earned: $0
Price spread: +0.099% → +0.056%: $4.24
Slippage, 4 orders: −$21.79
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$39.55
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago	0.45 bp	8.5 bp −$9	15.1 bp −$151	67.2 bp −$6,718	doesn't fit
Sell Phemex live order book, 5 min ago	3.15 bp	16.7 bp −$17	24.5 bp −$245	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	−0.1423%	1h	11.030	−1.014%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0020%	1h	11.151	+0.076%	$287K	$373K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.147	+0.040%	$98K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.153	+0.090%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.154	+0.100%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.147	+0.038%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.159	+0.144%	$16K	$580K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.145	+0.019%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.152	+0.081%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.151	+0.067%	$291K	$114K	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	11.147	+0.039%	$118.2M	$427.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.147	+0.036%	$88.6M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	11.143	long leg	$20.3M	$116.1M	50x
Gate AVAX_USDT	+0.0100%	8h	11.147	+0.036%	$12.2M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.147	+0.036%	$48.0M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.150	+0.063%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.142	−0.009%	$33.4M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.144	+0.009%	—	$79.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.155	+0.108%	$337K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.137	−0.050%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.100	−0.386%	$354K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.119	−0.215%	$179K	$673K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.163	+0.179%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.161	+0.162%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.193	+0.446%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.154	+0.099%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.153	+0.092%	$367K	$832K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	11.154	+0.099%	$29.8M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	11.140	−0.026%	$680K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.153	+0.090%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.159	+0.143%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.147	+0.036%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.154	+0.099%	$892K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.159	+0.148%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.155	+0.112%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0643%	1h	11.160	+0.153%	$43.5M	$42.3M	10x	as long as short