Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: Lighter against Paradex−0.133%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.133% cheaper against Paradex than usual: you would sell low and buy high, −$13 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	11.208	0.0100	pay 0.0100% / 8h	7h 55m	$13K	$766	20x
Short	Lighter AVAX	11.193	0.0096	get 0.0012% / 1h	55m 56s	$1.2M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.133%Rate

Funding earned: −$0.81
Price spread: −0.133% → 0.000%: −$13.35
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$18.16
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 11 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 Lighter live order book, 11 min ago	3.29 bp	3.5 bp −$4	11.4 bp −$114	80.9 bp −$8,085	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	−0.248%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0197%	1h	11.188	−0.176%	$5.3M	$8.8M	25x	as long as short
Gate AVAX_USDT	−0.0061%	8h	11.192	−0.141%	$12.4M	$37.4M	75x	as long as short
Nado AVAX-PERP	−0.0013%	1h	11.194	−0.127%	$296K	$880K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.215	+0.061%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.194	−0.123%	$13K	—	150x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.193	−0.133%	$1.2M	$3.0M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.202	−0.051%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0100%	8h	11.208	long leg	$13K	$766	20x
Aster AVAXUSDT	+0.0100%	8h	11.199	−0.082%	$2.3M	$1.7M	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	11.213	+0.048%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.186	−0.192%	$119.9M	$509.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.185	−0.203%	$89.0M	$154.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.176	−0.283%	$20.2M	$141.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.190	−0.158%	$49.8M	$87.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.198	−0.087%	$15.6M	$24.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.193	−0.132%	$34.1M	$57.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.187	−0.185%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.191	−0.150%	$358K	$563K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.210	+0.020%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.230	+0.196%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.234	+0.234%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.204	−0.034%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.199	−0.078%	$203K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.222	+0.126%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.192	−0.141%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.156	−0.458%	$360K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.197	−0.096%	$30.1M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.188	−0.175%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.197	−0.094%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.199	−0.079%	$4.5M	$12.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.211	+0.029%	$5.0M	$6.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.188	−0.172%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.203	−0.042%	$914K	$7.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0435% / S −0.0259%	1h	11.191	−0.150%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0631%	1h	11.210	+0.020%	$43.7M	$55.0M	10x	as long as short