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 −0.016%

Price spread now: Binance against Pacifica−0.078%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.078%, 7d avg −0.004%

Together, before fees+0.002%+ Points / potential airdropPacifica: Active · farm board$0 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: Binance is 0.074% cheaper against Pacifica than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.189	0.0100	pay 0.0013% / 1h	17m 28s	$292K	$114K	10x
Short	Binance AVAXUSDT	11.181	0.0100	get 0.0100% / 8h	5h 17m	$119.7M	$430.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.004%: −$7.37
Slippage, 4 orders: −$15.42
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$40.79
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Pacifica: live order book, 46 min ago; Binance: live order book, 11 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 Pacifica live order book, 46 min ago	4.48 bp	8.5 bp −$8	17.2 bp −$172	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.45 bp	6.7 bp −$7	13.0 bp −$130	43.8 bp −$4,381	136.7 bp −$68.3K

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	11.120	−0.620%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.178	−0.102%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0077%	1h	11.185	−0.035%	$288K	$443K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.183	−0.060%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.186	−0.029%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.186	−0.031%	$4.4M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.185	−0.037%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.179	−0.093%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.185	−0.041%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.188	−0.013%	$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 AVAXlong	+0.0100%	1h	11.189	long leg	$292K	$114K	10x
Binance AVAXUSDTshort	+0.0100%	8h	11.181	−0.078%	$119.7M	$430.8M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.181	−0.075%	$88.8M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.182	−0.066%	$20.2M	$117.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.183	−0.057%	$12.2M	$35.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.181	−0.075%	$49.4M	$79.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.183	−0.057%	$15.8M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.180	−0.084%	$33.6M	$48.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.187	−0.022%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.187	−0.022%	$358K	$494K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.207	+0.161%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.189	−0.001%	$353K	$813K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.215	+0.229%	$180K	$675K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.184	−0.048%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.185	−0.040%	$196K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.207	+0.161%	$12K	$700K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.183	−0.057%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.181	−0.071%	$366K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.185	−0.040%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.180	−0.088%	$687K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.184	−0.052%	$257K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.192	+0.023%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.191	+0.014%	$900K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.179	−0.093%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.177	−0.114%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0557%	1h	11.200	+0.095%	$43.6M	$42.8M	10x	as long as short