Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: Pacifica against Binance+0.045%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.045%, 7d avg +0.004%

Together, before fees+0.022%+ Points / potential airdropPacifica: Active · farm board+$2 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: Pacifica is 0.041% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	11.162	0.0100	pay 0.0100% / 8h	5h 59m	$119.2M	$442.8M	75x
Short	Pacifica AVAX	11.167	0.0100	get 0.0013% / 1h	59m 09s	$291K	$113K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.004%: $4.06
Slippage, 4 orders: −$15.96
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$29.9
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Pacifica: live order book, 4 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 Binance live order book, 15 min ago	0.45 bp	6.0 bp −$6	11.1 bp −$111	38.8 bp −$3,879	136.3 bp −$68.1K
Sell Pacifica live order book, 4 min ago	4.48 bp	12.0 bp −$12	22.5 bp −$225	doesn't fit	doesn't fit

AVAX on 35 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	−0.1374%	1h	11.130	−0.287%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.159	−0.027%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.164	+0.018%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.159	−0.023%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.165	+0.023%	$4.3M	$11.7M	50x	as long as short
Nado AVAX-PERP	+0.0053%	1h	11.160	−0.018%	$287K	$467K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.160	−0.014%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.160	−0.018%	$15K	$567K	50x	as long as short
Gate AVAX_USDT	+0.0097%	8h	11.162	0.000%	$12.2M	$34.8M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.167	+0.047%	$13K	$434	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.163	+0.005%	$2.3M	$1.2M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.167	+0.045%	$291K	$113K	10x
Binance AVAXUSDTlong	+0.0100%	8h	11.162	long leg	$119.2M	$442.8M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.162	0.000%	$88.6M	$139.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.163	+0.009%	$20.1M	$121.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.163	+0.009%	$48.8M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.164	+0.018%	$15.6M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.160	−0.018%	$33.5M	$49.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.164	+0.018%	—	$82.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.162	0.000%	$357K	$500K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.156	−0.058%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	−0.108%	$352K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	−0.072%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.163	+0.009%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.165	+0.027%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.189	+0.242%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.161	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.146	−0.139%	$362K	$854K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.158	−0.036%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.157	−0.046%	$675K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.159	−0.022%	$256K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.164	+0.018%	$906K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.158	−0.035%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0314%	1h	11.175	+0.116%	$43.4M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.159	−0.027%	$237K	—	120x	as long as short