Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: Binance against ApeX Omni−0.143%69s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.431% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)−0.472%−$47 · spread now −0.143%, 7d avg −0.041%

Together, before fees−0.523%−$52 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: Binance is 0.102% cheaper against ApeX Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.041%. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	10.807	0.0100	pay 0.0013% / 1h	42m 18s	$174K	$661K	50x
Short	Binance AVAXUSDT	10.792	0.0100	get 0.0100% / 8h	7h 42m	$113.9M	$398.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.143%Rate

Funding earned: $0
Price spread: −0.143% → −0.041%: −$10.2
Slippage, 4 orders: −$23.09
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$53.28
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 56 min ago; Binance: live order book, 1 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, 56 min ago	6.56 bp	15.7 bp −$16	75.1 bp −$751	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.46 bp	6.7 bp −$7	11.4 bp −$114	40.9 bp −$4,086	138.3 bp −$69.2K

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	−0.0265%	1h	10.781	−0.240%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0258%	1h	10.791	−0.143%	$281K	$326K	10x	as long as short
Phemex AVAXUSDT	−0.0238%	8h	10.782	−0.231%	$28.8M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0079%	8h	10.821	+0.127%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0060%	1h	10.777	−0.278%	$18K	$68K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0028%	1h	10.782	−0.231%	$4.9M	$6.7M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.801	−0.054%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.795	−0.111%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.435%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0043%	8h	10.794	−0.120%	$13.6M	$28.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0091%	8h	10.783	−0.225%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.780	−0.246%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.781	−0.241%	$22K	$469K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.810	+0.028%	$36.0M	$41.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.797	−0.096%	$2.4M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.782	−0.229%	$271K	$128K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	10.792	−0.143%	$113.9M	$398.8M	75x
Bybit AVAXUSDT	+0.0100%	8h	10.789	−0.167%	$84.4M	$138.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.790	−0.157%	$19.0M	$107.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.798	−0.083%	$53.4M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.801	−0.056%	$14.0M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.792	−0.139%	$33.0M	$45.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.794	−0.120%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.783	−0.222%	$439K	$532K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.801	−0.056%	$343K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	10.807	long leg	$174K	$661K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.805	−0.019%	$136K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.797	−0.093%	$233K	$244K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.810	+0.031%	$11K	$772K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.775	−0.291%	$335K	$871K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.779	−0.257%	$616K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.794	−0.120%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.806	−0.009%	$852K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.767	−0.370%	$4.6M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.792	−0.140%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.797	−0.096%	$228K	—	120x	as long as short