Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.048%

Price spread now: Pacifica against Orderly+0.210%7-day average −0.037% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.210%, 7d avg −0.037%

Together, before fees+0.019%+ Points / potential airdropPacifica: Active · farm board+$2 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: Pacifica is 0.247% dearer against Orderly than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.143	0.0100	pay 0.0100% / 8h	2h 47m	$200K	$302K	20x
Short	Pacifica AVAX	11.166	0.0100	get 0.0013% / 1h	47m 31s	$297K	$122K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Orderly. 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 OrderlybpFee PacificabpOrdersPrice spread, now +0.210%Rate

Funding earned: $0
Price spread: +0.210% → −0.037%: $24.69
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $10.69
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Pacifica: live order book, 40 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 40 min ago	1.81 bp	10.7 bp −$11	22.5 bp −$225	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0289%	1h	11.133	−0.090%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0185%	8h	11.129	−0.130%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0095%	1h	11.174	+0.283%	$296K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.386%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0016%	1h	11.163	+0.180%	$666K	$2.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.169	+0.234%	$98K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.139	−0.036%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0037%	8h	11.166	+0.206%	$84.9M	$149.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0038%	8h	11.174	+0.278%	$20.0M	$146.9M	50x	as long as short
Gate AVAX_USDT	+0.0049%	8h	11.163	+0.179%	$12.4M	$39.5M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0052%	8h	11.155	+0.108%	$29.9M	$4.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.146	+0.027%	$889K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0064%	8h	11.179	+0.323%	$54.1M	$108.6M	200x	as long as short
Binance AVAXUSDT	+0.0065%	8h	11.161	+0.166%	$119.7M	$539.3M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0094%	8h	11.163	+0.178%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.162	+0.172%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.162	+0.171%	$13K	$697K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.126	−0.157%	$256K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.162	+0.174%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.166	+0.210%	$297K	$122K	10x
KuCoin AVAXUSDTM	+0.0100%	8h	11.168	+0.224%	$15.8M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.177	+0.305%	$34.4M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.164	+0.188%	—	$90.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.162	+0.171%	$326K	$549K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.124	−0.173%	$357K	$907K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.130	−0.117%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.177	+0.305%	$117K	$466K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.143	long leg	$200K	$302K	20x
SunX AVAX-USDT	+0.0100%	8h	11.166	+0.204%	$12K	$712K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.133	−0.090%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.134	−0.076%	$356K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0184%	8h	11.136	−0.063%	$5.0M	$8.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.178	+0.313%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.142	−0.007%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0376%	1h	11.191	+0.431%	$42.4M	$58.4M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.137	−0.051%	$240K	—	120x	as long as short