Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%

Price spread now: Pacifica against BingX−0.082%47s7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$340.339% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.082%, 7d avg +0.032%

Together, before fees+0.158%+ Points / potential airdropPacifica: Active · farm board+$16 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 0.114% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.032%. The two prices were read 47 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	BingX AVAX-USDT	11.142	0.0100	pay 0.0100% / 8h	4h 41m	—	$79.2M	—
Short	Pacifica AVAX	11.133	0.0100	get 0.0013% / 1h	41m 57s	$290K	$114K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → +0.032%: −$11.39
Slippage, 4 orders: −$15.89
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$45.29
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Pacifica: live order book, 16 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, 12 min ago	0.45 bp	5.8 bp −$6	7.2 bp −$72	10.7 bp −$1,072	22.3 bp −$11.2K
Sell Pacifica live order book, 16 min ago	5.39 bp	13.2 bp −$13	23.9 bp −$239	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	11.100	−0.377%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.134	−0.072%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0017%	1h	11.136	−0.049%	$287K	$373K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.132	−0.091%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.135	−0.063%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.135	−0.060%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.133	−0.081%	$16K	$580K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.135	−0.058%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.138	−0.037%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.133	−0.082%	$290K	$114K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.144	+0.018%	$118.2M	$427.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.142	0.000%	$88.5M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.146	+0.036%	$20.4M	$116.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.143	+0.009%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.143	+0.009%	$48.1M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.147	+0.045%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.143	+0.009%	$33.4M	$48.1M	75x	as long as short
BingX AVAX-USDTlong	+0.0100%	8h	11.142	long leg	—	$79.2M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.140	−0.018%	$337K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.137	−0.041%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	+0.073%	$356K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.153	+0.099%	$179K	$674K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.138	−0.036%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.143	+0.009%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.166	+0.220%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.135	−0.063%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.133	−0.085%	$366K	$835K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.136	−0.054%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.139	−0.030%	$680K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.130	−0.109%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.138	−0.033%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.123	−0.171%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.131	−0.099%	$890K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.135	−0.066%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.134	−0.070%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0623%	1h	11.152	+0.090%	$43.2M	$42.5M	10x	as long as short