Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0204%/8h= +22.4% APRpaid last 24h +0.024%

Price spread now: Coinbase International against Paradex+0.074%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Coinbase International

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.074% dearer against Paradex than usual: you sell high and buy low: +$7 more if the spread 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	11.227	0.0100	pay 0.0100% / 8h	7h 59m	$13K	$766	20x
Short	Coinbase International AVAX-PERP-INTX	11.235	0.0304	get 0.0038% / 1h	59m 18s	$917K	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.074%Rate

Funding earned: $42.87
Price spread: +0.074% → 0.000%: $7.44
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $36.31
Costs to cover: 0.140%
Break-even: 1.1 days

Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago	1.78 bp	10.9 bp −$11	15.5 bp −$155	doesn't fit	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	−0.1363%	1h	11.180	−0.415%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0301%	1h	11.227	+0.008%	$296K	$877K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.227	+0.003%	$5.3M	$8.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.231	+0.036%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.229	+0.021%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.230	+0.032%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.233	+0.057%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0100%	8h	11.227	long leg	$13K	$766	20x
Aster AVAXUSDT	+0.0100%	8h	11.232	+0.049%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.233	+0.056%	$298K	$118K	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	11.228	+0.009%	$120.3M	$510.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.228	+0.012%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.227	+0.003%	$20.3M	$143.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.227	+0.003%	$12.5M	$37.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.228	+0.012%	$50.0M	$87.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.232	+0.048%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.228	+0.012%	$34.2M	$57.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.229	+0.021%	—	$86.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.231	+0.039%	$359K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.228	+0.012%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.230	+0.028%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.234	+0.066%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.230	+0.030%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.236	+0.083%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.263	+0.325%	$12K	$736K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.228	+0.012%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.230	+0.034%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.229	+0.021%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.225	−0.012%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.227	+0.008%	$258K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.233	+0.058%	$4.6M	$12.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.232	+0.048%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.225	−0.015%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0304%	1h	11.235	+0.074%	$917K	$7.6M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0434% / S −0.0258%	1h	11.228	+0.012%	$251K	—	120x	as long as short
Hyperliquid AVAX	+0.0670%	1h	11.246	+0.175%	$43.8M	$55.0M	10x	as long as short