Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%
Price spread now: Backpack against ApeX Omni−0.232%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$440.441% of the position
Funding, last 7 days−0.167%−$17 on $10k
+Price spread, last 3 days (all we have)+0.003%$0 · spread now −0.232%, 7d avg −0.024%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.207% cheaper against ApeX Omni than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni AVAXUSDT | 11.217 | 0.0100 | pay 0.0013% / 1h | 55m 21s | $180K | $688K | 50x |
| Short | Backpack AVAX_USDC_PERP | 11.191 | 0.0100 | get 0.0013% / 1h | 55m 21s | $358K | $563K | 15x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.232% → −0.024%
- −$20.73
- Slippage, 4 orders
- −$24.13
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$64.86
- Costs to cover
- 0.441%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 18 min ago; Backpack: live order book, 18 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 ApeX Omni live order book, 18 min ago | 6.24 bp | 13.8 bp −$14 | 92.1 bp −$921 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 18 min ago | 0.44 bp | 8.4 bp −$8 | 33.6 bp −$336 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective AVAX/USDC PERP | −0.1363% | 1h | 11.180 | −0.330% | $17K | $151K | 12x | as long as short |
| Gate AVAX_USDT | −0.0408% | 8h | 11.170 | −0.419% | $12.4M | $37.5M | 75x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0288% | 1h | 11.151 | −0.588% | $5.3M | $8.8M | 25x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.183 | −0.305% | $103K | $105K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 11.166 | −0.454% | $13K | — | 150x | as long as short |
| Nado AVAX-PERP | +0.0007% | 1h | 11.166 | −0.450% | $293K | $873K | 10x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.180 | −0.334% | $1.2M | $3.0M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.169 | −0.428% | $18K | $653K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0100% | 8h | 11.174 | −0.381% | $13K | $766 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 11.177 | −0.358% | $2.3M | $1.7M | 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 | 11.182 | −0.309% | $297K | $118K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 11.163 | −0.477% | $119.6M | $507.9M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.158 | −0.526% | $88.8M | $154.2M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 11.150 | −0.597% | $20.2M | $140.7M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.165 | −0.464% | $49.4M | $87.8M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.173 | −0.392% | $15.6M | $24.0M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.156 | −0.544% | $34.0M | $57.4M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 11.160 | −0.508% | — | $86.6M | — | as long as short |
| Backpack AVAX_USDC_PERPshort | +0.0100% | 1h | 11.191 | −0.232% | $358K | $563K | 15x | |
| Variational Omni AVAX | +0.0100% | 8h | 11.210 | −0.063% | $3.0M | $2.4M | — | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.219 | +0.018% | $361K | $863K | 10x | as long as short |
| ApeX Omni AVAXUSDTlong | +0.0100% | 1h | 11.217 | long leg | $180K | $688K | 50x | |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 11.170 | −0.419% | $131K | $440K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.167 | −0.446% | $203K | $303K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.195 | −0.196% | $12K | $735K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.155 | −0.553% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.156 | −0.540% | $360K | $1.0M | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 11.197 | −0.178% | $30.1M | $4.9M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 11.151 | −0.589% | $666K | $2.1M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.174 | −0.385% | $257K | — | 3x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0216% | 1h | 11.162 | −0.494% | $4.5M | $12.9M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 11.211 | −0.053% | $5.0M | $6.9M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.164 | −0.468% | $1K | — | 20x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0304% | 1h | 11.170 | −0.419% | $910K | $7.5M | 50x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0435% / S −0.0259% | 1h | 11.165 | −0.463% | $249K | — | 120x | as long as short |
| Hyperliquid AVAX | +0.0606% | 1h | 11.187 | −0.267% | $43.6M | $55.0M | 10x | as long as short |
ApeX Omni AVAXUSDT
Backpack AVAX_USDC_PERP
Injective AVAX/USDC PERP
Gate AVAX_USDT
Deribit AVAX_USDC-PERPETUAL
gTrade (Gains Network) AVAX/USD
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
Variational Omni AVAX
GRVT AVAX_USDT_Perp
Polymarket Perps AVAX-USD
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Kraken Futures PF_AVAXUSD
BloFin AVAX-USDT
Coinbase International AVAX-PERP-INTX
GMX AVAX/USD [AVAX-USDC]
Hyperliquid AVAX