Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: BingX against SoDEX+0.009%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on BingX

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—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AVAX-USD	11.244	0.0100	pay 0.0013% / 1h	48m 35s	$19K	$72K	10x
Short	BingX AVAX-USDT	11.245	0.0100	get 0.0100% / 8h	48m 35s	—	$86.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against SoDEX. 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 SoDEXbpFee BingXbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → 0.000%: $0.89
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$17.11
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; BingX: 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 SoDEX no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	0.89 bp	5.9 bp −$6	7.0 bp −$70	11.5 bp −$1,154	26.0 bp −$13.0K

SoDEX: 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	−0.1451%	1h	11.200	−0.391%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.242	−0.018%	$5.3M	$9.0M	25x	as long as short
Nado AVAX-PERP	−0.0084%	1h	11.249	+0.049%	$297K	$885K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.250	+0.053%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.249	+0.044%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0051%	8h	11.270	+0.232%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.251	+0.059%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.245	+0.009%	$18K	$676K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.243	−0.006%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.249	+0.044%	$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	11.254	+0.090%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.244	+0.004%	$120.5M	$518.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.244	0.000%	$89.4M	$156.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.240	−0.036%	$20.2M	$144.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.253	+0.080%	$12.3M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.249	+0.044%	$51.8M	$93.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.256	+0.107%	$15.8M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.241	−0.027%	$34.3M	$59.2M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	11.245	+0.009%	—	$86.9M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.243	−0.009%	$359K	$569K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.271	+0.242%	$360K	$864K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.276	+0.285%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.247	+0.027%	$134K	$439K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.252	+0.071%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.282	+0.337%	$12K	$733K	20x	as long as short
SoDEX AVAX-USDlong	+0.0100%	1h	11.244	long leg	$19K	$72K	10x
HTX AVAX-USDT	+0.0100%	8h	11.251	+0.058%	$364K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.245	+0.009%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.243	−0.009%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.240	−0.039%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.248	+0.036%	$5.0M	$7.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.241	−0.031%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.251	+0.061%	$4.6M	$13.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.256	+0.107%	$917K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0418% / S −0.0269%	1h	11.249	+0.042%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0830%	1h	11.274	+0.267%	$43.7M	$55.3M	10x	as long as short