Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.025%

Price spread now: Extended against OKX−0.057%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.057%, 7d avg −0.030%

Together, before fees−0.028%+ Points / potential airdropExtended: Active · farm board−$3 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: Extended is 0.027% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVAX-USDT-SWAP	11.160	0.0100	pay 0.0100% / 8h	7h 51m	$20.1M	$139.2M	50x
Short	Extended AVAX-USD	11.154	0.0104	get 0.0013% / 1h	51m 44s	$666K	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee OKXbpFee ExtendedbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0.84
Price spread: −0.057% → −0.030%: −$2.69
Slippage, 4 orders: −$12.23
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$29.08
Costs to cover: 0.272%
Break-even: 249.3 days

Slippage from OKX: live order book, 2 min ago; Extended: live order book, 2 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, 2 min ago	0.45 bp	7.4 bp −$7	17.3 bp −$173	74.9 bp −$7,490	doesn't fit
Sell Extended live order book, 2 min ago	1.79 bp	5.1 bp −$5	7.0 bp −$70	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	11.130	−0.269%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0198%	1h	11.161	+0.009%	$5.3M	$8.8M	25x	as long as short
Nado AVAX-PERP	−0.0018%	1h	11.180	+0.184%	$293K	$861K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.161	+0.005%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.181	+0.187%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0037%	8h	11.160	0.000%	$12.2M	$37.9M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.163	+0.025%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.179	+0.170%	$18K	$652K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.162	+0.020%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.163	+0.027%	$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	11.165	+0.049%	$296K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.163	+0.027%	$119.2M	$507.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.163	+0.027%	$88.9M	$152.8M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	11.160	long leg	$20.1M	$139.2M	50x
MEXC AVAX_USDT	+0.0100%	8h	11.166	+0.054%	$49.5M	$87.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.163	+0.027%	$15.6M	$24.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.162	+0.018%	$33.8M	$56.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.158	−0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.160	0.000%	$357K	$562K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.210	+0.448%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.219	+0.529%	$361K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.217	+0.511%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.181	+0.188%	$131K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.174	+0.125%	$203K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.225	+0.582%	$12K	$736K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.164	+0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.173	+0.119%	$361K	$980K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.166	+0.054%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	11.154	−0.057%	$666K	$2.1M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.164	+0.035%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.166	+0.054%	$4.5M	$12.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.196	+0.323%	$5.0M	$6.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.177	+0.151%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.176	+0.143%	$904K	$7.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.180	+0.176%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0652%	1h	11.176	+0.143%	$43.6M	$53.6M	10x	as long as short