Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.024%

Price spread now: Paradex against Coinbase International−0.113%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Paradex is 0.113% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.254	0.0280	pay 0.0035% / 1h	42m 02s	$917K	$8.0M	50x
Short	Paradex AVAX-USD-PERP	11.241	0.0100	get 0.0100% / 8h	42m 02s	$13K	$766	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.113%Rate

Funding earned: −$37.87
Price spread: −0.113% → 0.000%: −$11.34
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$63.21
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

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	3.55 bp	13.1 bp −$13	17.9 bp −$179	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1451%	1h	11.200	−0.480%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.238	−0.142%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0090%	1h	11.245	−0.080%	$297K	$885K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.247	−0.066%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.240	−0.124%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0062%	8h	11.258	+0.036%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.240	−0.123%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.239	−0.133%	$18K	$676K	50x	as long as short
Paradex AVAX-USD-PERPshort	+0.0100%	8h	11.241	−0.113%	$13K	$766	20x
Aster AVAXUSDT	+0.0100%	8h	11.243	−0.095%	$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 AVAX	+0.0100%	1h	11.250	−0.031%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.235	−0.169%	$120.2M	$517.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.235	−0.169%	$89.3M	$155.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.235	−0.169%	$20.2M	$144.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.239	−0.133%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.238	−0.142%	$52.1M	$93.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.245	−0.080%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.241	−0.116%	$34.3M	$59.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.240	−0.124%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.239	−0.133%	$359K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.246	−0.071%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.250	−0.036%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.241	−0.116%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.247	−0.062%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.270	+0.141%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.238	−0.142%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.229	−0.219%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.240	−0.124%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.236	−0.160%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.235	−0.165%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.248	−0.053%	$5.0M	$7.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.237	−0.150%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.245	−0.082%	$4.6M	$13.2M	50x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0280%	1h	11.254	long leg	$917K	$8.0M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0420% / S −0.0273%	1h	11.239	−0.129%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0846%	1h	11.255	+0.009%	$43.7M	$55.3M	10x	as long as short