Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Backpack against OKX+0.170%7-day average +0.051% · 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−$21as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.170%, 7d avg +0.051%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.119% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX AVAX-USDT-SWAP | 11.172 | 0.0100 | pay 0.0100% / 8h | 7h 55m | $20.2M | $141.0M | 50x |
| Short | Backpack AVAX_USDC_PERP | 11.191 | 0.0100 | get 0.0013% / 1h | 55m 41s | $358K | $563K | 15x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.170% → +0.051%
- $11.92
- Slippage, 4 orders
- −$12.82
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$20.9
- Costs to cover
- 0.328%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Backpack: live order book, 18 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 OKX live order book, 3 min ago | 0.44 bp | 7.4 bp −$7 | 16.7 bp −$167 | 72.9 bp −$7,288 | doesn't fit |
| Sell Backpack live order book, 18 min ago | 0.44 bp | 8.4 bp −$8 | 33.6 bp −$336 | 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 | −0.1363% | 1h | 11.180 | +0.072% | $17K | $151K | 12x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0197% | 1h | 11.188 | +0.143% | $5.3M | $8.8M | 25x | as long as short |
| Gate AVAX_USDT | −0.0061% | 8h | 11.192 | +0.179% | $12.4M | $37.4M | 75x | as long as short |
| Nado AVAX-PERP | −0.0013% | 1h | 11.194 | +0.192% | $296K | $880K | 10x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.183 | +0.097% | $103K | $105K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 11.194 | +0.197% | $13K | — | 150x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.180 | +0.067% | $1.2M | $3.0M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.202 | +0.269% | $18K | $663K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0100% | 8h | 11.174 | +0.020% | $13K | $766 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 11.194 | +0.196% | $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 | 11.182 | +0.093% | $297K | $118K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 11.177 | +0.045% | $119.8M | $507.7M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.177 | +0.045% | $88.9M | $154.2M | 75x | as long as short |
| OKX AVAX-USDT-SWAPlong | +0.0100% | 8h | 11.172 | long leg | $20.2M | $141.0M | 50x | |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.177 | +0.045% | $49.6M | $87.7M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.186 | +0.125% | $15.6M | $24.0M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.176 | +0.036% | $34.1M | $57.3M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 11.187 | +0.134% | — | $86.6M | — | as long as short |
| Backpack AVAX_USDC_PERPshort | +0.0100% | 1h | 11.191 | +0.170% | $358K | $563K | 15x | |
| Variational Omni AVAX | +0.0100% | 8h | 11.210 | +0.340% | $3.0M | $2.4M | — | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.230 | +0.517% | $362K | $873K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.234 | +0.555% | $180K | $688K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 11.204 | +0.286% | $132K | $440K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.199 | +0.242% | $203K | $303K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.222 | +0.447% | $12K | $735K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.192 | +0.179% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.156 | −0.140% | $360K | $1.0M | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 11.197 | +0.224% | $30.1M | $4.9M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 11.188 | +0.144% | $669K | $2.1M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.197 | +0.226% | $257K | — | 3x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0215% | 1h | 11.199 | +0.241% | $4.5M | $12.9M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 11.211 | +0.349% | $5.0M | $6.9M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.188 | +0.147% | $1K | — | 20x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0304% | 1h | 11.203 | +0.277% | $914K | $7.5M | 50x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0435% / S −0.0259% | 1h | 11.191 | +0.170% | $250K | — | 120x | as long as short |
| Hyperliquid AVAX | +0.0611% | 1h | 11.198 | +0.232% | $43.7M | $55.0M | 10x | as long as short |
OKX AVAX-USDT-SWAP
Backpack AVAX_USDC_PERP
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
Gate AVAX_USDT
gTrade (Gains Network) AVAX/USD
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
Variational Omni AVAX
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Kraken Futures PF_AVAXUSD
BloFin AVAX-USDT
Coinbase International AVAX-PERP-INTX
GMX AVAX/USD [AVAX-USDC]
Hyperliquid AVAX