Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: BingX against Pacifica+0.141%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Pacifica Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.141%, 7d avg −0.032%

Together, before fees−0.208%+ Points / potential airdropPacifica: Active · farm board−$21 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: BingX is 0.173% dearer against Pacifica than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.089	0.0100	pay 0.0013% / 1h	8m 04s	$294K	$107K	10x
Short	BingX AVAX-USDC	11.105	0.0100	get 0.0100% / 8h	6h 08m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.141%Rate

Funding earned: $0
Price spread: +0.141% → −0.032%: $17.32
Slippage, 4 orders: −$26.65
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$27.32
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from Pacifica: live order book, 60 min ago; BingX: live order book, 13 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, 60 min ago	4.91 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	0.90 bp	11.8 bp −$12	24.4 bp −$244	80.4 bp −$8,039	485.5 bp −$242.8K

AVAX on 35 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	11.070	−0.174%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0040%	1h	11.095	+0.056%	$285K	$491K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.105	+0.141%	$5.2M	$8.1M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.086	−0.030%	$102K	$91K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.104	+0.132%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0062%	8h	11.103	+0.123%	$12.1M	$36.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.102	+0.112%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.094	+0.042%	$16K	$578K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.085	−0.042%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.102	+0.114%	$2.3M	$1.3M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXlong	+0.0100%	1h	11.089	long leg	$294K	$107K	10x
Binance AVAXUSDT	+0.0100%	8h	11.108	+0.165%	$118.5M	$449.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.105	+0.141%	$88.4M	$141.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.108	+0.168%	$20.0M	$121.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.106	+0.150%	$48.6M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.106	+0.150%	$15.5M	$22.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.104	+0.132%	$33.3M	$50.0M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	11.105	+0.141%	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.111	+0.195%	$355K	$507K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.107	+0.155%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.104	+0.133%	$354K	$790K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.108	+0.168%	$179K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.098	+0.078%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.109	+0.177%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.121	+0.283%	$12K	$710K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.106	+0.150%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.077	−0.109%	$360K	$855K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.102	+0.114%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.103	+0.127%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.098	+0.081%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.095	+0.048%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.106	+0.151%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.112	+0.204%	$902K	$5.7M	50x	as long as short
Hyperliquid AVAX	+0.0385%	1h	11.121	+0.286%	$43.2M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.105	+0.141%	$236K	—	120x	as long as short