Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.013%

Price spread now: Popdex against BloFin+0.009%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$370.368% of the position

Long on BloFin Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.113%−$11 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now +0.009%, 7d avg +0.006%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	10.578	0.0220	pay 0.0220% / 8h	2h 46m	$4.7M	$5.4M	100x
Short	Popdex AVAXUSDT	10.579	0.0096	get 0.0012% / 1h	46m 59s	$11K	$445K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$26.04
Price spread: +0.009% → +0.006%: $0.33
Slippage, 4 orders: −$18.39
Fee BloFin: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$62.51
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; Popdex: live order book, 2 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, 7 min ago	4.69 bp	10.7 bp −$11	14.1 bp −$141	41.2 bp −$4,116	doesn't fit
Sell Popdex live order book, 2 min ago	1.89 bp	7.0 bp −$7	21.3 bp −$213	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	10.760	+1.721%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0282%	1h	10.590	+0.110%	$4.2M	$11.3M	50x	as long as short
ApeX Omni AVAXUSDT	−0.0063%	1h	10.619	+0.388%	$171K	$666K	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0033%	1h	10.580	+0.019%	$4.7M	$7.5M	25x	as long as short
Polymarket Perps AVAX-USD	−0.0018%	1h	10.576	−0.019%	$130K	$347K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.599	+0.200%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.584	+0.059%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0011%	8h	10.573	−0.047%	$12.0M	$31.8M	75x	as long as short
Variational Omni AVAX	+0.0037%	8h	10.617	+0.365%	$2.8M	$2.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0055%	1h	10.575	−0.028%	$368K	$531K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AVAX-PERP	+0.0058%	1h	10.578	0.000%	$289K	$322K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.584	+0.056%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.574	−0.034%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDTshort	+0.0096%	1h	10.579	+0.009%	$11K	$445K	50x
Hyperliquid AVAX	+0.0100%	1h	10.582	+0.033%	$38.1M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.571	−0.063%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.594	+0.151%	$266K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.573	−0.047%	$111.0M	$424.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.567	−0.104%	$78.5M	$143.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.569	−0.085%	$18.6M	$110.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.577	−0.009%	$41.1M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.573	−0.047%	$13.3M	$22.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.575	−0.028%	$31.3M	$48.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.576	−0.019%	—	$54.7M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.618	+0.379%	$335K	$950K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.588	+0.095%	$165K	$334K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.612	+0.321%	$12K	$740K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.580	+0.019%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.582	+0.033%	$350K	$787K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.579	+0.009%	$28.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.573	−0.051%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.576	−0.014%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.584	+0.057%	$850K	$4.7M	50x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	10.578	long leg	$4.7M	$5.4M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	10.569	−0.082%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0277%	1h	10.578	0.000%	$229K	—	120x	as long as short