Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: MEXC against Pacifica−0.007%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.007%, 7d avg −0.003%

Together, before fees−0.061%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.204	0.0100	pay 0.0013% / 1h	13m 39s	$297K	$100K	10x
Short	MEXC AVAX_USDT	11.203	0.0100	get 0.0100% / 8h	7h 13m	$48.9M	$88.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → −0.003%: −$0.38
Slippage, 4 orders: −$16.41
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$24.8
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from Pacifica: live order book, 60 min ago; MEXC: 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, 60 min ago	4.90 bp	8.9 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.45 bp	0.4 bp $0	2.9 bp −$29	38.6 bp −$3,859	88.4 bp −$44.2K

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	−0.1363%	1h	11.130	−0.659%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0058%	1h	11.195	−0.074%	$294K	$730K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.201	−0.025%	$5.3M	$8.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.200	−0.037%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.204	−0.003%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.201	−0.025%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.196	−0.070%	$15K	$611K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.204	+0.006%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.189	−0.131%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	11.204	long leg	$297K	$100K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.202	−0.016%	$119.6M	$476.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.204	+0.002%	$89.0M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.204	+0.002%	$20.0M	$130.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.186	−0.159%	$12.1M	$38.3M	75x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	11.203	−0.007%	$48.9M	$88.9M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.196	−0.070%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.205	+0.011%	$34.0M	$53.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.205	+0.011%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.206	+0.020%	$358K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.232%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.170	−0.299%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.172	−0.284%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.199	−0.043%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.210	+0.055%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.226	+0.196%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.204	+0.002%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.190	−0.120%	$362K	$937K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.202	−0.016%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.202	−0.016%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.196	−0.072%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.210	+0.051%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.188	−0.141%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.197	−0.062%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.197	−0.061%	$924K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.203	−0.009%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0682%	1h	11.209	+0.046%	$43.8M	$49.6M	10x	as long as short