Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Bitget against Pacifica0.000%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

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

costs, in and out, $10k−$330.335% of the position

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now 0.000%, 7d avg −0.036%

Together, before fees−0.087%+ Points / potential airdropPacifica: Active · farm board−$9 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: Bitget is 0.036% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.326	0.0100	pay 0.0013% / 1h	22m 44s	$301K	$122K	10x
Short	Bitget AVAXUSDT	11.326	0.0100	get 0.0100% / 8h	2h 22m	$34.9M	$61.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Pacifica. 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 PacificabpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.036%: $3.55
Slippage, 4 orders: −$13.47
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$29.92
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from Pacifica: live order book, 65 min ago; Bitget: live order book, 1 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 Pacifica live order book, 65 min ago	1.81 bp	5.8 bp −$6	15.6 bp −$156	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.44 bp	8.5 bp −$9	15.8 bp −$158	33.5 bp −$3,346	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
Variational Omni AVAX	−0.0130%	8h	11.287	−0.343%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0103%	1h	11.326	0.000%	$5.4M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0092%	1h	11.317	−0.079%	$299K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.280	−0.406%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.326	−0.004%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.326	−0.004%	$16K	—	150x	as long as short
Extended AVAX-USD	+0.0048%	1h	11.317	−0.079%	$672K	$2.2M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.339	+0.115%	$918K	$8.3M	50x	as long as short
Gate AVAX_USDT	+0.0065%	8h	11.330	+0.035%	$12.7M	$40.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0067%	8h	11.333	+0.062%	$20.1M	$149.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0073%	8h	11.322	−0.035%	$30.3M	$4.9M	50x	as long as short
MEXC AVAX_USDT	+0.0086%	8h	11.333	+0.062%	$55.9M	$109.9M	200x	as long as short
Binance AVAXUSDT	+0.0088%	8h	11.322	−0.034%	$121.3M	$537.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.323	−0.030%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.323	−0.026%	$7K	$703K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.320	−0.054%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.324	−0.018%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	11.326	long leg	$301K	$122K	10x
Bybit AVAXUSDT	+0.0100%	8h	11.332	+0.053%	$89.9M	$154.9M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.323	−0.026%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.326	0.000%	$34.9M	$61.3M	75x
BingX AVAX-USDC	+0.0100%	8h	11.331	+0.044%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.322	−0.035%	$336K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.296	−0.265%	$357K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.293	−0.291%	$182K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.326	0.000%	$132K	$479K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.333	+0.062%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.354	+0.245%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.327	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.326	+0.004%	$364K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.320	−0.050%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0207%	8h	11.317	−0.079%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.323	−0.031%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.334	+0.072%	$4.6M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.325	−0.009%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0614%	1h	11.347	+0.185%	$44.3M	$58.6M	10x	as long as short