Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Orderly−0.088%7-day average −0.032% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.250%+$25 · spread now −0.088%, 7d avg −0.032%

Together, before fees+0.317%+ Points / potential airdropPacifica: Active · farm board+$32 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: Pacifica is 0.056% cheaper against Orderly than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	10.933	0.0100	pay 0.0100% / 8h	6h 17m	$236K	$218K	20x
Short	Pacifica AVAX	10.923	0.0100	get 0.0013% / 1h	17m 12s	$275K	$122K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee PacificabpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → −0.032%: −$5.62
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$19.62
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Pacifica: live order book, 34 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 34 min ago	3.70 bp	12.4 bp −$12	23.0 bp −$230	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AVAX on 36 exchanges

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
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.931	−0.019%	$3.8M	$11.5M	50x	as long as short
Variational Omni AVAX	−0.0128%	8h	10.917	−0.144%	$3.0M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0085%	8h	10.925	−0.073%	$14.5M	$28.5M	75x	as long as short
Phemex AVAXUSDT	−0.0037%	8h	10.924	−0.082%	$29.1M	$5.5M	50x	as long as short
SoDEX AVAX-USD	−0.0021%	1h	10.926	−0.064%	$19K	$68K	10x	as long as short
Bybit AVAXUSDT	−0.0016%	8h	10.924	−0.082%	$85.2M	$133.9M	75x	as long as short
Nado AVAX-PERP	−0.0005%	1h	10.921	−0.105%	$277K	$307K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.925	−0.070%	$93K	$110K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.930	−0.027%	$5.0M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.930	−0.030%	$23K	—	150x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.582%	$17K	$151K	12x	as long as short
Lighter AVAX	+0.0096%	1h	10.928	−0.047%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.922	−0.101%	$20K	$442K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.918	−0.133%	$12K	$62	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.928	−0.046%	$2.3M	$1.3M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	10.923	−0.088%	$275K	$122K	10x
Binance AVAXUSDT	+0.0100%	8h	10.928	−0.046%	$115.4M	$380.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.928	−0.046%	$19.5M	$105.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.927	−0.055%	$53.0M	$73.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.929	−0.037%	$14.3M	$19.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.925	−0.073%	$33.2M	$44.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.926	−0.064%	—	$52.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.932	−0.009%	$441K	$535K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.914	−0.174%	$348K	$1.4M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.925	−0.073%	$176K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.924	−0.082%	$138K	$247K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	10.933	long leg	$236K	$218K	20x
SunX AVAX-USDT	+0.0100%	8h	10.954	+0.190%	$12K	$778K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.967	+0.313%	$326K	$948K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.921	−0.108%	$619K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.921	−0.110%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	10.930	−0.027%	$864K	$5.2M	50x	as long as short
Hyperliquid AVAX	+0.0202%	1h	10.940	+0.064%	$36.3M	$39.0M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.926	−0.064%	$4.8M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.922	−0.098%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.917	−0.144%	$230K	—	120x	as long as short