Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.010%

Price spread now: Pacifica against BloFin+0.165%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.165%, 7d avg −0.011%

Together, before fees−0.251%+ Points / potential airdropPacifica: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.176% dearer against BloFin than usual: you sell high and buy low (spread +0.165% now, against its 7-day average of −0.011%): +$18 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	11.144	0.0220	pay 0.0220% / 8h	7h 27m	$5.0M	$6.3M	100x
Short	Pacifica AVAX	11.162	0.0100	get 0.0013% / 1h	27m 56s	$296K	$100K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.165%Rate

Funding earned: −$25.2
Price spread: +0.165% → −0.011%: $17.64
Slippage, 4 orders: −$21.56
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$49.12
Costs to cover: 0.416%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Pacifica: live order book, 45 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, 6 min ago	1.35 bp	9.2 bp −$9	12.6 bp −$126	25.7 bp −$2,567	doesn't fit
Sell Pacifica live order book, 45 min ago	4.90 bp	13.7 bp −$14	22.9 bp −$229	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	11.080	−0.574%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0048%	1h	11.159	+0.139%	$293K	$830K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.163	+0.171%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.165	+0.188%	$5.3M	$8.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.165	+0.187%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.165	+0.191%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.157	+0.117%	$17K	$625K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.163	+0.166%	$13K	$512	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.166	+0.193%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.162	+0.165%	$296K	$100K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.163	+0.174%	$118.9M	$484.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.162	+0.162%	$88.9M	$149.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.160	+0.144%	$20.0M	$133.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.166	+0.197%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.165	+0.188%	$49.0M	$88.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.168	+0.215%	$15.3M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.160	+0.144%	$33.9M	$54.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.165	+0.188%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.167	+0.206%	$357K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.145	+0.007%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.149	+0.043%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.128	−0.144%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.155	+0.099%	$131K	$374K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.175	+0.278%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.187	+0.387%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.166	+0.197%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.169	+0.229%	$362K	$951K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.167	+0.206%	$29.9M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.154	+0.086%	$670K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.164	+0.183%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.170	+0.234%	$4.3M	$12.6M	50x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	11.144	long leg	$5.0M	$6.3M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	11.152	+0.070%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.163	+0.170%	$906K	$6.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.161	+0.149%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0689%	1h	11.182	+0.341%	$43.6M	$51.0M	10x	as long as short