Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.071%

Price spread now: Variational Omni against Pacifica+0.010%7-day average −0.030% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.143%−$14 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.010%, 7d avg −0.030%

Together, before fees−0.236%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board−$24 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: Variational Omni is 0.040% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	10.911	0.0100	pay 0.0013% / 1h	13m 13s	$275K	$130K	10x
Short	Variational Omni AVAX	10.912	0.0100	get 0.0100% / 8h	3h 13m	$2.9M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → −0.030%: $4.01
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.99
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 40 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 40 min ago	4.54 bp	8.5 bp −$9	17.0 bp −$170	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.21 bp	doesn't fit	9.0 bp −$90	doesn't fit	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	−0.1421%	1h	10.880	−0.280%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0117%	1h	10.906	−0.042%	$5.0M	$7.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.910	−0.009%	$95K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.909	−0.014%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.910	−0.005%	$4.2M	$11.0M	50x	as long as short
Nado AVAX-PERP	+0.0027%	1h	10.902	−0.074%	$283K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0071%	8h	10.903	−0.069%	$12.3M	$32.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.907	−0.031%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.906	−0.042%	$8K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	10.907	−0.030%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.912	+0.017%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	10.911	long leg	$275K	$130K	10x
Binance AVAXUSDT	+0.0100%	8h	10.906	−0.040%	$114.4M	$416.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.902	−0.078%	$82.6M	$137.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.902	−0.078%	$19.8M	$109.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.905	−0.051%	$45.5M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.906	−0.042%	$15.0M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.905	−0.051%	$32.9M	$46.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.903	−0.069%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.907	−0.032%	$371K	$546K	15x	as long as short
Variational Omni AVAXshort	+0.0100%	8h	10.912	+0.010%	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.914	+0.036%	$343K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.927	+0.151%	$175K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.905	−0.051%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.911	+0.004%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.935	+0.228%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.905	−0.051%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.891	−0.180%	$358K	$770K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.909	−0.014%	$29.1M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.898	−0.111%	$674K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.905	−0.051%	$250K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.903	−0.069%	$4.8M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.923	+0.114%	$889K	$4.8M	50x	as long as short
Hyperliquid AVAX	+0.0238%	1h	10.921	+0.096%	$41.9M	$40.3M	10x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.900	−0.099%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0445% / S −0.0279%	1h	10.909	−0.018%	$237K	—	120x	as long as short