Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.015%

Price spread now: Extended against BingX−0.026%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.026% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDC	11.025	0.0100	pay 0.0100% / 8h	4h 20m	—	$6.5M	—
Short	Extended AVAX-USD	11.022	0.0104	get 0.0013% / 1h	20m 29s	$682K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. 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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0.84
Price spread: −0.026% → 0.000%: −$2.6
Slippage, 4 orders: −$18.34
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$35.1
Costs to cover: 0.333%
Break-even: 299.5 days

Slippage from BingX: live order book, 1 min ago; Extended: 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 BingX live order book, 1 min ago	0.91 bp	10.7 bp −$11	24.7 bp −$247	89.6 bp −$8,959	459.3 bp −$229.7K
Sell Extended live order book, 3 min ago	2.26 bp	5.6 bp −$6	7.8 bp −$78	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	−0.1423%	1h	10.990	−0.317%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0113%	1h	11.014	−0.100%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0021%	1h	11.020	−0.045%	$286K	$370K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.027	+0.016%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.018	−0.063%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.023	−0.016%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.021	−0.036%	$15K	$550K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.026	+0.011%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.027	+0.020%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.029	+0.037%	$288K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.022	−0.029%	$117.0M	$428.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.021	−0.036%	$87.5M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.026	+0.009%	$20.2M	$114.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.025	0.000%	$12.1M	$34.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.029	+0.036%	$46.8M	$78.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.030	+0.045%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.025	0.000%	$33.1M	$47.9M	75x	as long as short
BingX AVAX-USDClong	+0.0100%	8h	11.025	long leg	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.017	−0.073%	$331K	$522K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.013	−0.105%	$2.8M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.049	+0.218%	$350K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.073	+0.435%	$178K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.020	−0.045%	$129K	$335K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.022	−0.027%	$194K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.049	+0.220%	$12K	$708K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.017	−0.073%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.012	−0.121%	$361K	$813K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.020	−0.045%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.022	−0.026%	$682K	$1.4M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.013	−0.108%	$253K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.017	−0.069%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.018	−0.063%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.034	+0.082%	$884K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.016	−0.080%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.018	−0.066%	$234K	—	120x	as long as short
Hyperliquid AVAX	+0.0550%	1h	11.040	+0.136%	$42.8M	$42.0M	10x	as long as short