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 −0.007%

Price spread now: BingX against Popdex+0.062%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Popdex Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.062%, 7d avg −0.041%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.103% dearer against Popdex than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex AVAXUSDT	11.211	0.0096	pay 0.0012% / 1h	12m 17s	$15K	$610K	50x
Short	BingX AVAX-USDC	11.218	0.0100	get 0.0100% / 8h	7h 12m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Popdex. 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 PopdexbpFee BingXbpOrdersPrice spread, now +0.062%Rate

Funding earned: $0.84
Price spread: +0.062% → −0.041%: $10.34
Slippage, 4 orders: −$14.72
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$19.94
Costs to cover: 0.311%
Break-even: 173.2 days

Slippage from Popdex: live order book, 62 min ago; BingX: live order book, 9 min ago.

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 Popdex live order book, 62 min ago	0.45 bp	4.5 bp −$4	8.3 bp −$83	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	0.90 bp	10.8 bp −$11	27.1 bp −$271	83.3 bp −$8,330	544.1 bp −$272.0K

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	11.140	−0.633%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0060%	1h	11.218	+0.067%	$294K	$728K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.207	−0.038%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.216	+0.045%	$5.3M	$8.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.216	+0.049%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.218	+0.062%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDTlong	+0.0096%	1h	11.211	long leg	$15K	$610K	50x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.215	+0.039%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.215	+0.038%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.213	+0.019%	$298K	$100K	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	11.215	+0.038%	$119.7M	$476.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.214	+0.027%	$89.1M	$147.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.214	+0.027%	$20.0M	$130.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.214	+0.027%	$12.2M	$38.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.213	+0.018%	$48.9M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.216	+0.045%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.219	+0.071%	$34.1M	$53.3M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	11.218	+0.062%	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.200	−0.098%	$358K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.296%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.187	−0.213%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.190	−0.187%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.216	+0.045%	$132K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.223	+0.107%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.239	+0.249%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.218	+0.062%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.234	+0.207%	$365K	$943K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.218	+0.062%	$30.1M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.214	+0.027%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.213	+0.013%	$258K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.221	+0.091%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.196	−0.134%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.212	+0.007%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.209	−0.018%	$912K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.218	+0.059%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0679%	1h	11.232	+0.187%	$43.9M	$49.6M	10x	as long as short