Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0202%/8h= +22.1% APRpaid last 24h +0.081%

Price spread now: Pacifica against Variational Omni+0.297%7-day average +0.021% · you sell dearer than you buy

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.145%+$14 on $10k

Price spread, last 4 days (all we have)−0.371%−$37 · spread now +0.297%, 7d avg +0.021%

Together, before fees−0.226%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Pacifica is 0.276% dearer against Variational Omni than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	11.280	−0.0102	get 0.0102% / 8h	2h 14m	$2.9M	$2.1M	—
Short	Pacifica AVAX	11.313	0.0100	get 0.0013% / 1h	14m 49s	$301K	$121K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.297%Rate

Funding earned: $42.48
Price spread: +0.297% → +0.021%: $27.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $62.04
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Pacifica: live order book, 8 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, 4 min ago	3.19 bp	doesn't fit	18.3 bp −$183	doesn't fit	doesn't fit
Sell Pacifica live order book, 8 min ago	7.51 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit

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
Variational Omni AVAXlong	−0.0102%	8h	11.280	long leg	$2.9M	$2.1M	—
Nado AVAX-PERP	−0.0080%	1h	11.290	+0.089%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.250	−0.266%	$17K	$152K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0015%	1h	11.311	+0.275%	$5.4M	$9.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.313	+0.292%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.302	+0.192%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.325	+0.399%	$918K	$8.2M	50x	as long as short
Gate AVAX_USDT	+0.0057%	8h	11.326	+0.408%	$12.7M	$40.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0078%	8h	11.312	+0.284%	$20.3M	$149.2M	50x	as long as short
Extended AVAX-USD	+0.0080%	1h	11.316	+0.322%	$676K	$2.2M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0089%	8h	11.328	+0.426%	$30.3M	$4.9M	50x	as long as short
MEXC AVAX_USDT	+0.0092%	8h	11.316	+0.319%	$55.5M	$110.2M	200x	as long as short
Binance AVAXUSDT	+0.0096%	8h	11.310	+0.266%	$121.2M	$537.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.311	+0.272%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.291	+0.098%	$10K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.309	+0.261%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.318	+0.333%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.313	+0.297%	$301K	$121K	10x
Bybit AVAXUSDT	+0.0100%	8h	11.312	+0.284%	$90.7M	$155.9M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.328	+0.426%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.311	+0.275%	$34.9M	$61.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.313	+0.293%	—	$90.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.330	+0.443%	$339K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.288	+0.070%	$357K	$909K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.290	+0.089%	$182K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.296	+0.142%	$131K	$480K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.306	+0.231%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.322	+0.377%	$12K	$720K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.337	+0.505%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.297	+0.155%	$363K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.300	+0.174%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0213%	8h	11.335	+0.488%	$5.1M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.292	+0.108%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.346	+0.581%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.298	+0.162%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0658%	1h	11.326	+0.408%	$44.0M	$58.9M	10x	as long as short