Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Bitget against Pacifica−0.066%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.066%, 7d avg −0.036%

Together, before fees−0.021%+ 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: Bitget is 0.030% cheaper against Pacifica than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.001	0.0100	pay 0.0013% / 1h	4m 59s	$277K	$129K	10x
Short	Bitget AVAXUSDT	10.994	0.0100	get 0.0100% / 8h	4h 04m	$32.9M	$47.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.066%Rate

Funding earned: $0
Price spread: −0.066% → −0.036%: −$3.02
Slippage, 4 orders: −$21.93
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$44.95
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from Pacifica: live order book, 53 min ago; Bitget: live order book, 4 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, 53 min ago	5.39 bp	9.4 bp −$9	18.2 bp −$182	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.46 bp	10.6 bp −$11	14.6 bp −$146	30.9 bp −$3,091	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	10.950	−0.466%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.995	−0.057%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0011%	1h	10.993	−0.070%	$285K	$372K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.997	−0.040%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.996	−0.048%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	10.997	−0.041%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.997	−0.039%	$16K	$548K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.999	−0.021%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.995	−0.057%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	11.001	long leg	$277K	$129K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	10.995	−0.056%	$115.9M	$430.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.991	−0.093%	$85.0M	$139.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.997	−0.039%	$20.2M	$114.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.996	−0.048%	$12.1M	$34.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.995	−0.057%	$46.1M	$78.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.001	−0.002%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	10.994	−0.066%	$32.9M	$47.9M	75x
BingX AVAX-USDC	+0.0100%	8h	10.994	−0.066%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.996	−0.048%	$368K	$549K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.996	−0.052%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.994	−0.067%	$344K	$883K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.993	−0.075%	$177K	$669K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.997	−0.039%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.002	+0.007%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.026	+0.224%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.996	−0.048%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.995	−0.052%	$366K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.998	−0.030%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.992	−0.081%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.989	−0.107%	$252K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	10.998	−0.028%	$4.2M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.992	−0.084%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.999	−0.020%	$891K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.995	−0.059%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.998	−0.032%	$233K	—	120x	as long as short
Hyperliquid AVAX	+0.0471%	1h	11.009	+0.070%	$42.7M	$41.9M	10x	as long as short