Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.006%

Price spread now: Popdex against Paradex+0.044%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 Popdex

What this pair did over the last

the charts below follow

Funding, last 3 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: Popdex is 0.044% dearer against Paradex than usual: you sell high and buy low, +$4 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	11.260	0.0099	pay 0.0099% / 8h	1h 27m	$13K	$766	20x
Short	Popdex AVAXUSDT	11.265	0.0096	get 0.0012% / 1h	27m 10s	$17K	$691K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$0.64
Price spread: +0.044% → 0.000%: $4.37
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$6.67
Costs to cover: 0.104%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Popdex: live order book, 57 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 Popdex live order book, 57 min ago	1.77 bp	6.3 bp −$6	16.2 bp −$162	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	−0.0570%	1h	11.210	−0.445%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0194%	1h	11.254	−0.054%	$5.3M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0026%	1h	11.266	+0.053%	$297K	$895K	10x	as long as short
Variational Omni AVAX	−0.0016%	8h	11.259	−0.009%	$3.0M	$2.4M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.257	−0.025%	$104K	$112K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.256	−0.036%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.258	−0.023%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDTshort	+0.0096%	1h	11.265	+0.044%	$17K	$691K	50x
Paradex AVAX-USD-PERPlong	+0.0099%	8h	11.260	long leg	$13K	$766	20x
Aster AVAXUSDT	+0.0100%	8h	11.259	−0.013%	$2.3M	$1.8M	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	11.260	+0.003%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.256	−0.036%	$120.4M	$526.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.256	−0.036%	$88.9M	$157.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.258	−0.019%	$20.3M	$146.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.256	−0.036%	$12.3M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.258	−0.019%	$52.2M	$100.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.259	−0.010%	$16.2M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.254	−0.054%	$34.2M	$60.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.258	−0.019%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.257	−0.027%	$361K	$570K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.266	+0.051%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.270	+0.088%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.268	+0.070%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.265	+0.044%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.293	+0.288%	$12K	$731K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.256	−0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.261	+0.013%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.254	−0.054%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.252	−0.072%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.260	+0.001%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.255	−0.045%	$909K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.258	−0.019%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.255	−0.045%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0404% / S −0.0249%	1h	11.254	−0.053%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0619%	1h	11.274	+0.124%	$43.6M	$57.2M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.263	+0.023%	$4.6M	$13.5M	50x	as long as short