Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h +0.030%

Price spread now: Pacifica against Gate−0.484%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$570.567% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.502%+$50 · spread now −0.484%, 7d avg +0.016%

Together, before fees+0.620%+ Points / potential airdropPacifica: Active · farm board+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.501% cheaper against Gate than usual: you would sell low and buy high (spread −0.484% now, against its 7-day average of +0.016%). If the spread goes back, that is −$50 on $10k: about 21 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	10.706	0.0022	pay 0.0022% / 8h	2h 14m	$12.4M	$32.9M	75x
Short	Pacifica AVAX	10.654	0.0100	get 0.0013% / 1h	14m 07s	$267K	$131K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now −0.484%Rate

Funding earned: $16.38
Price spread: −0.484% → +0.016%: −$50.06
Slippage, 4 orders: −$33.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$90.35
Costs to cover: 0.567%
Break-even: 45.6 days

Slippage from Gate: live order book, 5 min ago; Pacifica: live order book, 34 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 Gate live order book, 5 min ago	1.41 bp	18.1 bp −$18	27.7 bp −$277	49.1 bp −$4,912	74.9 bp −$37.5K
Sell Pacifica live order book, 34 min ago	5.19 bp	12.2 bp −$12	doesn't fit	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	+0.504%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0279%	1h	10.714	+0.074%	$4.2M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0067%	1h	10.709	+0.033%	$284K	$341K	10x	as long as short
Variational Omni AVAX	−0.0034%	8h	10.610	−0.899%	$2.8M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.650	−0.519%	$88K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.709	+0.028%	$4.8M	$7.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.707	+0.009%	$12K	—	150x	as long as short
Gate AVAX_USDTlong	+0.0022%	8h	10.706	long leg	$12.4M	$32.9M	75x
Bybit AVAXUSDT	+0.0063%	8h	10.704	−0.019%	$80.7M	$147.2M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.707	+0.014%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.709	+0.028%	$18K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.688	−0.165%	$12K	$212	20x	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.714	+0.075%	$427K	$586K	15x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.713	+0.065%	$37.7M	$44.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.705	−0.008%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	10.654	−0.484%	$267K	$131K	10x
Binance AVAXUSDT	+0.0100%	8h	10.708	+0.019%	$114.9M	$433.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.705	−0.009%	$18.9M	$113.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.710	+0.037%	$44.6M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.706	0.000%	$13.3M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.704	−0.019%	$32.4M	$49.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.704	−0.019%	—	$54.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.614	−0.856%	$342K	$988K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.591	−1.074%	$171K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.707	+0.009%	$133K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.712	+0.056%	$217K	$338K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.735	+0.268%	$12K	$762K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.709	+0.028%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.703	−0.028%	$348K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.708	+0.019%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.703	−0.031%	$643K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.705	−0.010%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.718	+0.112%	$928K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.640	−0.616%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.700	−0.053%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.705	−0.013%	$234K	—	120x	as long as short