Settings8H · net · $10k
Funding arb · Price arb /

AVAX

all AVAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: Backpack against OKX+0.139%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$350.349% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.060%−$6 on $10k
Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.139%, 7d avg +0.045%
Together, before fees−0.186%−$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.094% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX AVAX-USDT-SWAP10.8120.0100pay 0.0100% / 8h6h 54m$19.2M$105.9M50x
ShortBackpack AVAX_USDC_PERP10.8270.0100get 0.0013% / 1h54m 34s$437K$527K15x

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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.139% → +0.045%
$9.38
Slippage, 4 orders
−$14.95
Fee OKX: 5 bp × 2 orders
−$10
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$25.57
Costs to cover
0.349%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; Backpack: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 4 min ago0.46 bp7.8 bp −$819.0 bp −$190doesn't fitdoesn't fit
Sell Backpack live order book, 39 min ago1.86 bp9.7 bp −$1039.6 bp −$396doesn't fitdoesn't fit

AVAX on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_AVAXUSD−0.0185%1h10.841+0.271%$3.8M$11.5M50xas long as short
Variational Omni AVAX−0.0101%8h10.862+0.466%$3.0M$2.1Mas long as short
SoDEX AVAX-USD−0.0053%1h10.836+0.222%$18K$68K10xas long as short
Phemex AVAXUSDT−0.0039%8h10.841+0.268%$28.9M$5.6M50xas long as short
Gate AVAX_USDT−0.0010%8h10.809−0.028%$14.1M$28.0M75xas long as short
dYdX AVAX-USD0.0000%1h10.811−0.010%$92K$111K10xas long as short
Deribit AVAX_USDC-PERPETUAL0.0000%1h10.840+0.259%$4.9M$6.7M25xas long as short
gTrade (Gains Network) AVAX/USDL +0.0002% / S −0.0003%1h10.897+0.785%$12K150xas long as short
Injective AVAX/USDC PERP+0.0033%1h10.760−0.481%$17K$151K12xas long as short
Bybit AVAXUSDT+0.0080%8h10.804−0.074%$84.1M$135.6M75xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex AVAX-USD-PERP+0.0093%8h10.806−0.057%$12K$6220xas long as short
Lighter AVAX+0.0096%1h10.814+0.015%$1.2M$2.0M10xas long as short
Popdex AVAXUSDT+0.0096%1h10.819+0.065%$22K$457K50xas long as short
Nado AVAX-PERP+0.0100%1h10.834+0.203%$273K$310K10xas long as short
Hyperliquid AVAX+0.0100%1h10.833+0.194%$35.9M$39.5M10xas long as short
Aster AVAXUSDT+0.0100%8h10.813+0.007%$2.2M$1.4M75xas long as short
Pacifica AVAX+0.0100%1h10.811−0.011%$272K$126K10xas long as short
Binance AVAXUSDT+0.0100%8h10.816+0.034%$114.0M$387.0M75xas long as short
OKX AVAX-USDT-SWAPlong+0.0100%8h10.812long leg$19.2M$105.9M50x
MEXC AVAX_USDT+0.0100%8h10.810−0.018%$53.7M$72.4M200xas long as short
KuCoin AVAXUSDTM+0.0100%8h10.809−0.028%$14.0M$19.7M75xas long as short
Bitget AVAXUSDT+0.0100%8h10.816+0.037%$32.9M$44.9M75xas long as short
BingX AVAX-USDT+0.0100%8h10.817+0.046%$52.6Mas long as short
Backpack AVAX_USDC_PERPshort+0.0100%1h10.827+0.139%$437K$527K15x
GRVT AVAX_USDT_Perp+0.0100%8h10.881+0.635%$346K$1.3M10xas long as short
ApeX Omni AVAXUSDT+0.0100%1h10.887+0.694%$175K$661K50xas long as short
Polymarket Perps AVAX-USD+0.0100%1h10.834+0.203%$136K$247K10xas long as short
Orderly PERP_AVAX_USDC+0.0100%8h10.848+0.333%$235K$221K20xas long as short
SunX AVAX-USDT+0.0100%8h10.863+0.471%$12K$777K20xas long as short
HTX AVAX-USDT+0.0100%8h10.832+0.180%$322K$946K75xas long as short
Extended AVAX-USD+0.0104%1h10.813+0.007%$615K$1.5M25xas long as short
Aevo AVAX-PERP+0.0104%1h10.837+0.234%$249K3xas long as short
Coinbase International AVAX-PERP-INTX+0.0192%1h10.848+0.333%$854K$5.2M50xas long as short
BloFin AVAX-USDT+0.0220%8h10.834+0.203%$4.7M$5.3M100xas long as short
Reya AVAXRUSDPERP+0.0245%1h10.834+0.201%$1K20xas long as short
GMX AVAX/USD [AVAX-USDC]L +0.0444% / S −0.0294%1h10.840+0.262%$229K120xas long as short