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 −0.018%

Price spread now: OKX against Pacifica+0.078%7-day average −0.038% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.078%, 7d avg −0.038%

Together, before fees−0.223%+ Points / potential airdropPacifica: Active · farm board−$22 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: OKX is 0.115% dearer against Pacifica than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.078	0.0100	pay 0.0013% / 1h	27m 09s	$289K	$114K	10x
Short	OKX AVAX-USDT-SWAP	11.087	0.0100	get 0.0100% / 8h	4h 27m	$20.4M	$115.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → −0.038%: $11.54
Slippage, 4 orders: −$19.59
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$26.06
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from Pacifica: live order book, 31 min ago; OKX: live order book, 2 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, 31 min ago	5.39 bp	9.4 bp −$9	18.2 bp −$182	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.45 bp	8.2 bp −$8	17.3 bp −$173	41.8 bp −$4,183	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	11.080	+0.014%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0031%	1h	11.077	−0.015%	$285K	$368K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0021%	1h	11.082	+0.032%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.077	−0.009%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.076	−0.022%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.089	+0.094%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.077	−0.013%	$15K	$548K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.076	−0.025%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.086	+0.070%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	11.078	long leg	$289K	$114K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.086	+0.069%	$117.7M	$426.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.083	+0.042%	$87.9M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	11.087	+0.078%	$20.4M	$115.0M	50x
Gate AVAX_USDT	+0.0100%	8h	11.085	+0.060%	$12.2M	$34.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.088	+0.087%	$47.7M	$77.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.091	+0.114%	$15.6M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.090	+0.105%	$33.3M	$48.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.087	+0.078%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.089	+0.096%	$335K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.137	+0.525%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.143	+0.585%	$353K	$853K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.140	+0.556%	$179K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.082	+0.032%	$130K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.088	+0.087%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.113	+0.308%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.087	+0.078%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.091	+0.115%	$363K	$819K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.089	+0.096%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.082	+0.035%	$685K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.079	+0.006%	$254K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.089	+0.098%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.093	+0.132%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.087	+0.078%	$886K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.077	−0.011%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.077	−0.012%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0577%	1h	11.101	+0.204%	$43.0M	$42.4M	10x	as long as short