Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: Phemex against Binance+0.027%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.027%, 7d avg +0.024%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	10.759	0.0100	pay 0.0100% / 8h	1h 13m	$114.2M	$421.8M	75x
Short	Phemex AVAXUSDT	10.762	0.0100	get 0.0100% / 8h	1h 13m	$28.7M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.027%Rate

Funding earned: $0
Price spread: +0.027% → +0.024%: $0.4
Slippage, 4 orders: −$23.45
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$45.05
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; Phemex: live order book, 6 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, 16 min ago	0.47 bp	5.7 bp −$6	14.1 bp −$141	40.9 bp −$4,094	145.7 bp −$72.9K
Sell Phemex live order book, 6 min ago	4.66 bp	16.7 bp −$17	26.1 bp −$261	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
Nado AVAX-PERP	−0.0197%	1h	10.749	−0.089%	$282K	$340K	10x	as long as short
Variational Omni AVAX	−0.0059%	8h	10.732	−0.255%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.755	−0.034%	$92K	$119K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.761	+0.018%	$4.9M	$7.0M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.765	+0.054%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0029%	8h	10.759	0.000%	$12.9M	$32.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.009%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.757	−0.018%	$12K	$212	20x	as long as short
SoDEX AVAX-USD	+0.0088%	1h	10.756	−0.028%	$18K	$72K	10x	as long as short
Bybit AVAXUSDT	+0.0089%	8h	10.756	−0.028%	$82.2M	$146.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.757	−0.018%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.759	0.000%	$24K	$458K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.770	+0.102%	$37.4M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.759	−0.004%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.759	0.000%	$270K	$129K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	10.759	long leg	$114.2M	$421.8M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.755	−0.038%	$18.9M	$112.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.758	−0.010%	$45.6M	$81.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.758	−0.010%	$13.8M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.759	0.000%	$32.6M	$48.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.757	−0.019%	—	$54.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.763	+0.037%	$439K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.739	−0.189%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.742	−0.158%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.760	+0.009%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.768	+0.083%	$232K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.789	+0.274%	$12K	$767K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.757	−0.024%	$327K	$907K	75x	as long as short
Phemex AVAXUSDTshort	+0.0100%	8h	10.762	+0.027%	$28.7M	$5.8M	50x
Extended AVAX-USD	+0.0104%	1h	10.754	−0.043%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.756	−0.028%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0112%	1h	10.758	−0.011%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.761	+0.018%	$859K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.759	0.000%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.755	−0.035%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.765	+0.052%	$227K	—	120x	as long as short