Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0171%/8h= +18.7% APRpaid last 24h +0.017%

Price spread now: Paradex against SoDEX+0.049%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 Paradex

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 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Paradex is 0.049% dearer against SoDEX than usual: you sell high and buy low: +$5 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	SoDEX AVAX-USD	10.736	−0.0087	get 0.0011% / 1h	31m 09s	$18K	$68K	10x
Short	Paradex AVAX-USD-PERP	10.741	0.0083	get 0.0083% / 8h	7h 31m	$12K	$212	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.049%Rate

Funding earned: $35.81
Price spread: +0.049% → 0.000%: $4.89
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $28.7
Costs to cover: 0.120%
Break-even: 1.4 days

Slippage unknown: SoDEX: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

SoDEX and 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
Kraken Futures PF_AVAXUSD	−0.0266%	1h	10.741	+0.047%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0215%	1h	10.739	+0.028%	$280K	$324K	10x	as long as short
SoDEX AVAX-USDlong	−0.0087%	1h	10.736	long leg	$18K	$68K	10x
Variational Omni AVAX	−0.0081%	8h	10.763	+0.249%	$3.0M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0073%	8h	10.738	+0.019%	$13.8M	$28.9M	75x	as long as short
Phemex AVAXUSDT	−0.0069%	8h	10.737	+0.009%	$28.6M	$5.6M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.750	+0.128%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.741	+0.047%	$4.8M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.743	+0.068%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.224%	$17K	$151K	12x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AVAX_USDT_Perp	+0.0058%	8h	10.765	+0.267%	$337K	$1.2M	10x	as long as short
Paradex AVAX-USD-PERPshort	+0.0083%	8h	10.741	+0.049%	$12K	$212	20x
Lighter AVAX	+0.0096%	1h	10.738	+0.020%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.740	+0.037%	$22K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.752	+0.149%	$35.8M	$40.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.746	+0.091%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.750	+0.127%	$270K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.737	+0.009%	$113.2M	$393.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.735	−0.009%	$83.9M	$137.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.735	−0.009%	$19.0M	$105.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.739	+0.028%	$53.0M	$79.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.738	+0.019%	$13.9M	$21.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.734	−0.019%	$32.8M	$45.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.738	+0.019%	—	$53.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.741	+0.047%	$437K	$534K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.749	+0.121%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.747	+0.102%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.747	+0.102%	$232K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.769	+0.310%	$11K	$770K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.738	+0.014%	$332K	$855K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.734	−0.017%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.913	+1.645%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.761	+0.233%	$853K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.741	+0.047%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.736	−0.001%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.741	+0.045%	$227K	—	120x	as long as short