Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Bitget against Paradex−0.028%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.028% cheaper against Paradex than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AVAX-USD-PERP	11.105	0.0100	pay 0.0100% / 8h	4h 51m	$13K	$434	20x
Short	Bitget AVAXUSDT	11.102	0.0100	get 0.0100% / 8h	4h 51m	$33.3M	$48.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Paradex. 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 ParadexbpFee BitgetbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0.03
Price spread: −0.028% → 0.000%: −$2.78
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$18.75
Costs to cover: 0.160%
Break-even: 4039.5 days

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 2 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 Paradex no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	0.45 bp	8.4 bp −$8	16.1 bp −$161	31.7 bp −$3,166	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	11.090	−0.136%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0200%	1h	11.103	−0.019%	$5.2M	$7.9M	25x	as long as short
ApeX Omni AVAXUSDT	−0.0082%	1h	11.122	+0.152%	$179K	$673K	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.106	+0.009%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.107	+0.018%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0007%	1h	11.103	−0.014%	$286K	$395K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.104	−0.007%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.109	+0.035%	$16K	$583K	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0100%	8h	11.105	long leg	$13K	$434	20x
Aster AVAXUSDT	+0.0100%	8h	11.110	+0.046%	$2.3M	$1.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.107	+0.021%	$290K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.107	+0.017%	$118.1M	$427.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.103	−0.019%	$88.4M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.104	−0.010%	$20.3M	$116.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.105	−0.001%	$12.1M	$33.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.105	−0.001%	$48.4M	$77.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.111	+0.053%	$15.8M	$21.7M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.102	−0.028%	$33.3M	$48.2M	75x
BingX AVAX-USDT	+0.0100%	8h	11.104	−0.010%	—	$80.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.107	+0.017%	$336K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.148	+0.383%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	+0.112%	$355K	$835K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.112	+0.062%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.113	+0.071%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.142	+0.335%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.107	+0.017%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.107	+0.022%	$365K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.109	+0.035%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.101	−0.037%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.103	−0.019%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.109	+0.038%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.125	+0.179%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.140	+0.314%	$893K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.108	+0.028%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.107	+0.017%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0716%	1h	11.123	+0.161%	$43.4M	$42.2M	10x	as long as short