Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.010%

Price spread now: ApeX Omni against BloFin0.000%103s7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as 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−$440.442% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now 0.000%, 7d avg +0.021%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and ApeX Omni is 0.021% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.021%). Swap the legs. The two prices were read 103 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	BloFin AVAX-USDT	10.684	0.0220	pay 0.0220% / 8h	51m 38s	$4.6M	$5.5M	100x
Short	ApeX Omni AVAXUSDT	10.684	0.0100	get 0.0013% / 1h	51m 38s	$172K	$662K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: −$25.2
Price spread: 0.000% → +0.021%: −$2.07
Slippage, 4 orders: −$22.2
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$71.47
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; ApeX Omni: live order book, 52 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 BloFin live order book, 2 min ago	0.47 bp	9.0 bp −$9	15.9 bp −$159	37.6 bp −$3,764	doesn't fit
Sell ApeX Omni live order book, 52 min ago	6.54 bp	14.5 bp −$15	69.7 bp −$697	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
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.709	+0.235%	$3.8M	$12.0M	50x	as long as short
Nado AVAX-PERP	−0.0119%	1h	10.711	+0.253%	$281K	$334K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.658	−0.248%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.717	+0.309%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.705	+0.197%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.701	+0.163%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0007%	8h	10.714	+0.281%	$13.0M	$30.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.711%	$17K	$151K	12x	as long as short
Bybit AVAXUSDT	+0.0081%	8h	10.711	+0.253%	$81.6M	$142.4M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0085%	8h	10.713	+0.271%	$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
Lighter AVAX	+0.0096%	1h	10.718	+0.320%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.712	+0.262%	$25K	$472K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.727	+0.402%	$36.8M	$43.4M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.717	+0.305%	$2.2M	$994K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.719	+0.323%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.714	+0.279%	$113.3M	$416.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.710	+0.243%	$18.8M	$110.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.713	+0.271%	$46.0M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.718	+0.318%	$13.7M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.716	+0.300%	$32.4M	$48.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.714	+0.281%	—	$54.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.715	+0.290%	$437K	$558K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.677	−0.070%	$338K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	10.684	0.000%	$172K	$662K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	10.698	+0.131%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.710	+0.243%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.726	+0.395%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.707	+0.215%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.707	+0.220%	$326K	$880K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.710	+0.243%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.710	+0.240%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.702	+0.168%	$246K	—	3x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	10.684	long leg	$4.6M	$5.5M	100x
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.704	+0.187%	$853K	$5.0M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.693	+0.082%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.698	+0.130%	$226K	—	120x	as long as short