Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.061%

Price spread now: BingX against Variational Omni−0.132%7-day average +0.009% · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.129%+$13 on $10k

Price spread, last 7 days+0.157%+$16 · spread now −0.132%, 7d avg +0.009%

Together, before fees+0.286%+ Points / potential airdropVariational Omni: Active · farm board+$29 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 0.141% cheaper against Variational Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	11.148	0.0100	pay 0.0100% / 8h	4h 53m	$2.9M	$2.2M	—
Short	BingX AVAX-USDT	11.133	0.0100	get 0.0100% / 8h	4h 53m	—	$80.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0
Price spread: −0.132% → +0.009%: −$14.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$24.07
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; BingX: live order book, 16 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 Variational Omni RFQ quote, 1 min ago	3.19 bp	doesn't fit	12.4 bp −$124	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	0.90 bp	5.9 bp −$6	5.9 bp −$59	8.6 bp −$856	17.5 bp −$8,741

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	−0.1423%	1h	11.090	−0.517%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.129	−0.167%	$5.2M	$7.9M	25x	as long as short
ApeX Omni AVAXUSDT	−0.0082%	1h	11.122	−0.230%	$179K	$673K	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.130	−0.161%	$98K	$97K	10x	as long as short
Nado AVAX-PERP	+0.0001%	1h	11.138	−0.082%	$287K	$395K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.132	−0.140%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.129	−0.168%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.135	−0.114%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.127	−0.183%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.129	−0.167%	$2.3M	$1.1M	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	11.132	−0.144%	$290K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.134	−0.121%	$118.5M	$428.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.131	−0.149%	$88.6M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.133	−0.132%	$20.3M	$116.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.137	−0.096%	$12.1M	$33.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.141	−0.060%	$48.5M	$77.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.138	−0.087%	$15.8M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.130	−0.158%	$33.4M	$48.2M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	11.133	−0.132%	—	$80.3M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.138	−0.087%	$330K	$521K	15x	as long as short
Variational Omni AVAXlong	+0.0100%	8h	11.148	long leg	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	−0.271%	$355K	$835K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.145	−0.024%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.139	−0.078%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.157	+0.087%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.131	−0.149%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.133	−0.136%	$366K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.134	−0.123%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.130	−0.162%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.128	−0.176%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.134	−0.121%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.125	−0.203%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.140	−0.069%	$893K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.138	−0.085%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.132	−0.144%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0753%	1h	11.159	+0.102%	$43.5M	$42.2M	10x	as long as short