Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.017%

Price spread now: OKX against ApeX Omni−0.201%80s7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as 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−$490.489% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now −0.201%, 7d avg −0.072%

Together, before fees−0.208%−$21 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: OKX is 0.129% cheaper against ApeX Omni than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.072%. The two prices were read 80 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	10.938	0.0100	pay 0.0013% / 1h	16m 07s	$176K	$665K	50x
Short	OKX AVAX-USDT-SWAP	10.916	0.0100	get 0.0100% / 8h	3h 16m	$19.8M	$110.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.201%Rate

Funding earned: $0
Price spread: −0.201% → −0.072%: −$12.86
Slippage, 4 orders: −$28.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$61.74
Costs to cover: 0.489%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 37 min ago; OKX: live order book, 3 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, 37 min ago	6.36 bp	15.7 bp −$16	64.9 bp −$649	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.46 bp	10.2 bp −$10	18.2 bp −$182	51.1 bp −$5,112	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	−0.1421%	1h	10.880	−0.530%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0025%	1h	10.918	−0.183%	$5.0M	$7.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.921	−0.156%	$96K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.920	−0.164%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.921	−0.153%	$4.2M	$11.0M	50x	as long as short
Nado AVAX-PERP	+0.0030%	1h	10.918	−0.183%	$283K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0079%	8h	10.917	−0.192%	$12.3M	$32.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.919	−0.174%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.920	−0.165%	$8K	$441K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.922	−0.150%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.925	−0.121%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.924	−0.130%	$275K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.920	−0.165%	$114.6M	$417.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.914	−0.219%	$82.7M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	10.916	−0.201%	$19.8M	$110.2M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.919	−0.174%	$45.5M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.921	−0.155%	$15.0M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.917	−0.192%	$32.9M	$47.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.915	−0.210%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.918	−0.183%	$371K	$546K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.916	−0.205%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.921	−0.155%	$351K	$945K	10x	as long as short
ApeX Omni AVAXUSDTlong	+0.0100%	1h	10.938	long leg	$176K	$665K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.919	−0.174%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.923	−0.137%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.948	+0.088%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.917	−0.192%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.921	−0.160%	$359K	$775K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.919	−0.174%	$29.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.913	−0.229%	$673K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.914	−0.223%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.923	−0.137%	$4.9M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.937	−0.009%	$890K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.915	−0.212%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0246%	1h	10.932	−0.055%	$41.9M	$40.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0279%	1h	10.921	−0.159%	$237K	—	120x	as long as short