Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0324%/8h= +35.5% APRpaid last 24h +0.082%

Price spread now: Hyperliquid against Paradex+0.092%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.092% dearer against Paradex than usual: you sell high and buy low: +$9 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	11.123	0.0100	pay 0.0100% / 8h	6h 30m	$13K	$434	20x
Short	Hyperliquid AVAX	11.133	0.0424	get 0.0053% / 1h	30m 45s	$43.4M	$47.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.092%Rate

Funding earned: $68.02
Price spread: +0.092% → 0.000%: $9.19
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $64.21
Costs to cover: 0.130%
Break-even: 0.4 days

Slippage unknown: Paradex: no order-book sample; Hyperliquid: live order book, 3 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 Hyperliquid live order book, 3 min ago	0.45 bp	6.9 bp −$7	12.5 bp −$125	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 35 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	−0.295%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.115	−0.070%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0046%	1h	11.122	−0.007%	$286K	$517K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.120	−0.028%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.119	−0.033%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0056%	8h	11.119	−0.034%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.120	−0.029%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.117	−0.052%	$15K	$595K	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0100%	8h	11.123	long leg	$13K	$434	20x
Aster AVAXUSDT	+0.0100%	8h	11.120	−0.024%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.126	+0.032%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.123	+0.002%	$118.5M	$465.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.122	−0.007%	$88.6M	$145.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.122	−0.007%	$20.0M	$124.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.121	−0.016%	$48.7M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.125	+0.020%	$15.6M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.118	−0.043%	$33.4M	$51.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.122	−0.007%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.118	−0.043%	$355K	$545K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	+0.036%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	−0.052%	$350K	$800K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.118	−0.043%	$179K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.122	−0.007%	$131K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.123	+0.002%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.145	+0.196%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.116	−0.061%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.112	−0.098%	$361K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.116	−0.061%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.115	−0.068%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.112	−0.097%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.118	−0.044%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.119	−0.034%	$4.3M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.129	+0.056%	$904K	$5.9M	50x	as long as short
Hyperliquid AVAXshort	+0.0424%	1h	11.133	+0.092%	$43.4M	$47.0M	10x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.119	−0.036%	$236K	—	120x	as long as short