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: BloFin against Coinbase International+0.179%58s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as 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−$420.419% of the position

Long on Coinbase International Short on BloFin

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)−0.194%−$19 · spread now +0.179%, 7d avg −0.043%

Together, before fees−0.175%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.222% dearer against Coinbase International than usual: you sell high and buy low (spread +0.179% now, against its 7-day average of −0.043%): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.8 days. The two prices were read 58 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	Coinbase International AVAX-PERP-INTX	11.176	0.0304	pay 0.0038% / 1h	51m 42s	$904K	$7.3M	50x
Short	BloFin AVAX-USDT	11.196	0.0220	get 0.0220% / 8h	7h 51m	$5.0M	$6.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now +0.179%Rate

Funding earned: −$17.64
Price spread: +0.179% → −0.043%: $22.22
Slippage, 4 orders: −$19.87
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$37.28
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; BloFin: 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 Coinbase International live order book, 2 min ago	2.23 bp	13.8 bp −$14	19.1 bp −$191	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	1.79 bp	8.3 bp −$8	13.7 bp −$137	39.7 bp −$3,970	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	11.130	−0.412%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0198%	1h	11.161	−0.134%	$5.3M	$8.8M	25x	as long as short
Nado AVAX-PERP	−0.0018%	1h	11.180	+0.040%	$293K	$861K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.161	−0.138%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.181	+0.044%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0037%	8h	11.160	−0.143%	$12.2M	$37.9M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.163	−0.118%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.179	+0.027%	$18K	$652K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.162	−0.124%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.163	−0.116%	$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	11.165	−0.094%	$296K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.163	−0.116%	$119.2M	$507.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.163	−0.116%	$88.9M	$152.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.160	−0.143%	$20.1M	$139.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.166	−0.089%	$49.5M	$87.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.163	−0.116%	$15.6M	$24.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.162	−0.125%	$33.8M	$56.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.158	−0.161%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.160	−0.143%	$357K	$562K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.210	+0.304%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.219	+0.385%	$361K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.217	+0.367%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.181	+0.045%	$131K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.174	−0.018%	$203K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.225	+0.438%	$12K	$736K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.164	−0.107%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.173	−0.024%	$361K	$980K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.166	−0.089%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.154	−0.200%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.164	−0.108%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.166	−0.089%	$4.5M	$12.8M	50x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	11.196	+0.179%	$5.0M	$6.7M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	11.177	+0.007%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0304%	1h	11.176	long leg	$904K	$7.3M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.180	+0.033%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0652%	1h	11.176	0.000%	$43.6M	$53.6M	10x	as long as short