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 −0.030%

Price spread now: Gate against Pacifica−0.057%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.057%, 7d avg −0.015%

Together, before fees−0.079%+ Points / potential airdropPacifica: Active · farm board−$8 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: Gate is 0.042% cheaper against Pacifica than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.234	0.0100	pay 0.0013% / 1h	34m 39s	$298K	$118K	10x
Short	Gate AVAX_USDT	11.228	0.0100	get 0.0100% / 8h	34m 39s	$12.5M	$40.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.015%: −$4.18
Slippage, 4 orders: −$29.06
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.24
Costs to cover: 0.521%
Break-even: never at this rate

Slippage from Pacifica: live order book, 44 min ago; Gate: 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, 44 min ago	6.22 bp	10.8 bp −$11	20.3 bp −$203	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.89 bp	14.3 bp −$14	19.9 bp −$199	41.3 bp −$4,126	69.4 bp −$34.7K

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	−0.395%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.223	−0.101%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0090%	1h	11.226	−0.075%	$296K	$883K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.230	−0.042%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.227	−0.063%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0072%	8h	11.226	−0.073%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.232	−0.025%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.228	−0.057%	$19K	$673K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.227	−0.062%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.232	−0.020%	$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	11.234	long leg	$298K	$118K	10x
Binance AVAXUSDT	+0.0100%	8h	11.230	−0.039%	$120.1M	$514.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.231	−0.030%	$89.3M	$155.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.228	−0.057%	$20.2M	$144.0M	50x	as long as short
Gate AVAX_USDTshort	+0.0100%	8h	11.228	−0.057%	$12.5M	$40.3M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.230	−0.039%	$51.5M	$93.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.237	+0.023%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.232	−0.021%	$34.2M	$58.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.229	−0.048%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.229	−0.048%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.232	−0.022%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.236	+0.014%	$180K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.229	−0.048%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.234	−0.004%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.257	+0.200%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.226	−0.075%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.227	−0.061%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.226	−0.075%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.228	−0.056%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.221	−0.122%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.222	−0.110%	$5.0M	$7.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.225	−0.086%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.230	−0.039%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.245	+0.094%	$914K	$7.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0422% / S −0.0277%	1h	11.227	−0.070%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0811%	1h	11.250	+0.139%	$43.7M	$55.0M	10x	as long as short