Funding arb · Price arb /

AVAX

all AVAX markets

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 −0.026%

Price spread now: Bybit against Paradex−0.022%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 Bybit

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: Bybit is 0.022% cheaper against Paradex than usual: you would sell low and buy high, −$2 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	11.107	0.0100	pay 0.0100% / 8h	4h 48m	$13K	$434	20x
Short	Bybit AVAXUSDT	11.105	0.0100	get 0.0100% / 8h	4h 48m	$88.3M	$137.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0.03
Price spread: −0.022% → 0.000%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$17.21
Costs to cover: 0.150%
Break-even: 3974.4 days

Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 6 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 Bybit live order book, 6 min ago	0.45 bp	8.7 bp −$9	17.0 bp −$170	38.9 bp −$3,891	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	11.030	−0.698%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.098	−0.085%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0005%	1h	11.101	−0.054%	$286K	$394K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.098	−0.084%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.106	−0.013%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.103	−0.044%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.106	−0.013%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0100%	8h	11.107	long leg	$13K	$434	20x
Aster AVAXUSDT	+0.0100%	8h	11.099	−0.072%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.105	−0.022%	$290K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.109	+0.016%	$118.1M	$427.4M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.105	−0.022%	$88.3M	$137.6M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.106	−0.013%	$20.3M	$116.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.100	−0.067%	$12.1M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.107	−0.004%	$48.1M	$77.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.112	+0.041%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.108	+0.005%	$33.3M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.108	+0.005%	—	$79.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.099	−0.076%	$335K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.091	−0.152%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.137	+0.266%	$355K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.108	+0.005%	$179K	$673K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.110	+0.023%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.107	−0.004%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.128	+0.187%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.101	−0.058%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.094	−0.121%	$365K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.100	−0.067%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.104	−0.036%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.099	−0.073%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.104	−0.030%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.099	−0.076%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.110	+0.023%	$890K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.103	−0.044%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.098	−0.085%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0679%	1h	11.120	+0.113%	$43.4M	$42.3M	10x	as long as short