Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.059%

Price spread now: BloFin against Extended−0.018%94s7-day average +0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as 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−$300.302% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.293%+$29 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.018%, 7d avg +0.081%

Together, before fees+0.274%+ Points / potential airdropExtended: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.099% cheaper against Extended than usual: you would sell low and buy high (spread −0.018% now, against its 7-day average of +0.081%). If the spread goes back, that is −$10 on $10k: about 2.8 days of funding at the current rate (+$3 a day). The two prices were read 94 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	Extended AVAX-USD	11.245	0.0104	pay 0.0013% / 1h	45m 27s	$672K	$2.1M	25x
Short	BloFin AVAX-USDT	11.243	0.0220	get 0.0220% / 8h	45m 27s	$5.0M	$7.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now −0.018%Rate

Funding earned: $24.36
Price spread: −0.018% → +0.081%: −$9.87
Slippage, 4 orders: −$13.18
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$15.68
Costs to cover: 0.302%
Break-even: 11.5 days

Slippage from Extended: live order book, 3 min ago; BloFin: live order book, 3 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 Extended live order book, 3 min ago	1.33 bp	7.0 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.89 bp	8.2 bp −$8	11.3 bp −$113	24.7 bp −$2,470	64.0 bp −$32.0K

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	−0.400%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0088%	1h	11.250	+0.049%	$297K	$885K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0016%	1h	11.260	+0.133%	$5.3M	$8.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.253	+0.070%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.265	+0.177%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0051%	8h	11.270	+0.223%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.256	+0.096%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.245	0.000%	$18K	$677K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.250	+0.041%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.255	+0.088%	$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	11.257	+0.108%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.246	+0.010%	$120.5M	$518.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.248	+0.027%	$89.5M	$155.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.244	−0.009%	$20.2M	$144.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.250	+0.044%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.247	+0.018%	$52.2M	$93.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.258	+0.116%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.247	+0.018%	$34.3M	$59.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.250	+0.044%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.260	+0.133%	$360K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.249	+0.033%	$359K	$864K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.244	−0.009%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.248	+0.027%	$134K	$438K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.269	+0.213%	$205K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.290	+0.399%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.260	+0.133%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.259	+0.129%	$364K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.261	+0.142%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	11.245	long leg	$672K	$2.1M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.261	+0.147%	$259K	—	3x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	11.243	−0.018%	$5.0M	$7.7M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	11.244	−0.011%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0269%	1h	11.267	+0.196%	$4.6M	$13.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.266	+0.187%	$917K	$8.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0419% / S −0.0271%	1h	11.265	+0.174%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0858%	1h	11.266	+0.187%	$43.7M	$55.3M	10x	as long as short