Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.033%

Price spread now: Bybit against Pacifica+0.008%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.008%, 7d avg −0.044%

Together, before fees−0.140%+ Points / potential airdropPacifica: Active · farm board−$14 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: Bybit is 0.053% dearer against Pacifica than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.253	0.0100	pay 0.0013% / 1h	58m 38s	$299K	$120K	10x
Short	Bybit AVAXUSDT	11.254	0.0100	get 0.0100% / 8h	58m 38s	$89.6M	$156.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.044%: $5.25
Slippage, 4 orders: −$19.37
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.11
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from Pacifica: live order book, 20 min ago; Bybit: 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, 20 min ago	6.22 bp	10.8 bp −$11	20.3 bp −$203	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.44 bp	7.9 bp −$8	12.8 bp −$128	35.0 bp −$3,499	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	−0.1451%	1h	11.190	−0.561%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.236	−0.152%	$5.3M	$9.1M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.257	+0.032%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.238	−0.134%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0036%	8h	11.226	−0.241%	$3.0M	$2.4M	—	as long as short
Nado AVAX-PERP	+0.0080%	1h	11.232	−0.187%	$296K	$892K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.252	−0.013%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.234	−0.170%	$18K	$687K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.253	+0.001%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.244	−0.078%	$2.3M	$1.8M	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	11.253	long leg	$299K	$120K	10x
Binance AVAXUSDT	+0.0100%	8h	11.255	+0.017%	$120.3M	$522.4M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.254	+0.008%	$89.6M	$156.9M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.253	−0.001%	$20.3M	$146.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.242	−0.099%	$12.5M	$39.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.255	+0.017%	$51.3M	$92.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.248	−0.045%	$15.8M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.246	−0.063%	$34.3M	$59.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.246	−0.063%	—	$87.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.241	−0.107%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.229	−0.214%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.224	−0.258%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.238	−0.134%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.246	−0.063%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.269	+0.140%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.238	−0.134%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.236	−0.147%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.238	−0.134%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.242	−0.096%	$670K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.262	+0.081%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.239	−0.125%	$5.0M	$7.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.234	−0.170%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.242	−0.096%	$4.6M	$13.4M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.253	−0.001%	$918K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0414% / S −0.0264%	1h	11.238	−0.134%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0773%	1h	11.262	+0.079%	$43.6M	$56.7M	10x	as long as short