Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.010%

Price spread now: BloFin against Pacifica−0.111%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$360.365% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.111%, 7d avg +0.012%

Together, before fees+0.186%+ Points / potential airdropPacifica: Active · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.124% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.111% now, against its 7-day average of +0.012%). If the spread goes back, that is −$12 on $10k: about 3.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.238	0.0100	pay 0.0013% / 1h	3m 46s	$298K	$118K	10x
Short	BloFin AVAX-USDT	11.225	0.0220	get 0.0220% / 8h	3m 46s	$5.0M	$7.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.111%Rate

Funding earned: $25.2
Price spread: −0.111% → +0.012%: −$12.38
Slippage, 4 orders: −$16.46
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$23.64
Costs to cover: 0.365%
Break-even: 13.6 days

Slippage from Pacifica: live order book, 10 min ago; BloFin: 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 Pacifica live order book, 10 min ago	4.90 bp	8.9 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	0.45 bp	7.4 bp −$7	10.6 bp −$106	34.5 bp −$3,449	78.4 bp −$39.2K

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	−0.1451%	1h	11.180	−0.512%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.236	−0.014%	$296K	$877K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.237	−0.005%	$5.3M	$8.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.238	+0.003%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.240	+0.021%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.237	−0.005%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.237	−0.005%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.235	−0.022%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.238	+0.003%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	11.238	long leg	$298K	$118K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.234	−0.028%	$120.4M	$510.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.234	−0.031%	$89.6M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.234	−0.031%	$20.3M	$143.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.237	−0.005%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.237	−0.005%	$50.0M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.242	+0.040%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.237	−0.005%	$34.3M	$57.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.234	−0.031%	—	$86.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.240	+0.022%	$359K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.226	−0.103%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.224	−0.118%	$351K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	+0.004%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.240	+0.022%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.245	+0.067%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.267	+0.262%	$12K	$736K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.237	−0.005%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.236	−0.015%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.234	−0.031%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.233	−0.037%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.234	−0.029%	$258K	—	3x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	11.225	−0.111%	$5.0M	$7.1M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	11.235	−0.023%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.245	+0.063%	$4.6M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.245	+0.067%	$918K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0432% / S −0.0255%	1h	11.238	+0.001%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0763%	1h	11.255	+0.154%	$43.9M	$55.0M	10x	as long as short