Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.033%

Price spread now: Pacifica against Bybit+0.038%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.038%, 7d avg +0.044%

Together, before fees+0.093%+ Points / potential airdropPacifica: Active · farm board+$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	11.261	0.0100	pay 0.0100% / 8h	1h 16m	$89.2M	$157.1M	75x
Short	Pacifica AVAX	11.265	0.0100	get 0.0013% / 1h	16m 27s	$299K	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.044%: −$0.63
Slippage, 4 orders: −$19.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$39.23
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Pacifica: 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 Bybit live order book, 3 min ago	0.44 bp	8.2 bp −$8	13.8 bp −$138	37.3 bp −$3,732	doesn't fit
Sell Pacifica live order book, 2 min ago	6.22 bp	12.1 bp −$12	22.1 bp −$221	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	−0.0570%	1h	11.210	−0.453%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.260	−0.009%	$5.4M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0039%	1h	11.264	+0.022%	$297K	$893K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.261	−0.003%	$104K	$112K	10x	as long as short
Variational Omni AVAX	+0.0001%	8h	11.275	+0.125%	$3.0M	$2.4M	—	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.261	−0.001%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.263	+0.019%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.264	+0.027%	$18K	$684K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.261	+0.002%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.265	+0.033%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXshort	+0.0100%	1h	11.265	+0.038%	$299K	$120K	10x
Binance AVAXUSDT	+0.0100%	8h	11.263	+0.015%	$120.6M	$524.4M	75x	as long as short
Bybit AVAXUSDTlong	+0.0100%	8h	11.261	long leg	$89.2M	$157.1M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.260	−0.009%	$20.3M	$146.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.263	+0.018%	$12.4M	$40.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.258	−0.027%	$52.1M	$100.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.268	+0.062%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.260	−0.009%	$34.2M	$59.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.264	+0.027%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.264	+0.027%	$361K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.278	+0.148%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.290	+0.258%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.260	−0.009%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.268	+0.062%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.290	+0.255%	$12K	$732K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.261	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.261	−0.004%	$364K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.261	0.000%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.261	+0.003%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.257	−0.033%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.295	+0.302%	$912K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.264	+0.027%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.258	−0.026%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0408% / S −0.0254%	1h	11.261	−0.002%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0618%	1h	11.274	+0.115%	$43.6M	$56.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.268	+0.060%	$4.6M	$13.5M	50x	as long as short