Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h +0.009%

Price spread now: Coinbase International against BloFin+0.251%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 3 days (all we have)−0.236%−$24 · spread now +0.251%, 7d avg +0.043%

Together, before fees−0.255%−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.208% dearer against BloFin than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	11.148	0.0220	pay 0.0220% / 8h	7h 50m	$5.0M	$6.7M	100x
Short	Coinbase International AVAX-PERP-INTX	11.176	0.0304	get 0.0038% / 1h	50m 40s	$904K	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.251%Rate

Funding earned: $17.64
Price spread: +0.251% → +0.043%: $20.79
Slippage, 4 orders: −$19.87
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$3.44
Costs to cover: 0.419%
Break-even: 8.4 days

Slippage from BloFin: live order book, 3 min ago; Coinbase International: 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 BloFin live order book, 3 min ago	1.79 bp	7.8 bp −$8	10.1 bp −$101	26.0 bp −$2,604	doesn't fit
Sell Coinbase International live order book, 3 min ago	2.23 bp	12.0 bp −$12	17.5 bp −$175	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	−0.1363%	1h	11.110	−0.341%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.149	+0.009%	$5.3M	$8.8M	25x	as long as short
Nado AVAX-PERP	−0.0004%	1h	11.155	+0.063%	$293K	$860K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.140	−0.070%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.155	+0.061%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0088%	8h	11.133	−0.135%	$12.2M	$37.9M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.139	−0.085%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.155	+0.063%	$18K	$647K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.134	−0.129%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.145	−0.025%	$2.3M	$1.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.141	−0.063%	$296K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.136	−0.108%	$119.0M	$503.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.137	−0.099%	$88.7M	$152.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.130	−0.161%	$20.1M	$138.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.139	−0.081%	$48.9M	$88.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.143	−0.045%	$15.6M	$24.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.133	−0.135%	$33.7M	$56.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.132	−0.144%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.142	−0.054%	$356K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.152	+0.034%	$3.0M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.192	+0.396%	$361K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.196	+0.431%	$180K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.156	+0.072%	$131K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.161	+0.117%	$198K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.185	+0.330%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.150	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.158	+0.086%	$360K	$980K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.152	+0.036%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.131	−0.151%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.153	+0.049%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.154	+0.051%	$4.5M	$12.9M	50x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	11.148	long leg	$5.0M	$6.7M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	11.151	+0.030%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0304%	1h	11.176	+0.251%	$904K	$7.3M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.155	+0.058%	$249K	—	120x	as long as short
Hyperliquid AVAX	+0.0643%	1h	11.156	+0.073%	$43.5M	$53.6M	10x	as long as short