Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.010%

Price spread now: OKX against Pacifica+0.084%7-day average −0.038% · 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−$20as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.084%, 7d avg −0.038%

Together, before fees−0.219%+ Points / potential airdropPacifica: Active · farm board−$22 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: OKX is 0.123% dearer against Pacifica than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	10.753	0.0100	pay 0.0013% / 1h	28m 19s	$270K	$128K	10x
Short	OKX AVAX-USDT-SWAP	10.762	0.0100	get 0.0100% / 8h	7h 28m	$19.0M	$105.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Pacifica. 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 PacificabpFee OKXbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → −0.038%: $12.26
Slippage, 4 orders: −$14.45
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$20.2
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 min ago; OKX: live order book, 6 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, 5 min ago	2.79 bp	6.8 bp −$7	16.2 bp −$162	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.47 bp	7.1 bp −$7	7.9 bp −$79	52.8 bp −$5,278	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
Kraken Futures PF_AVAXUSD	−0.0266%	1h	10.761	+0.075%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0205%	1h	10.738	−0.139%	$280K	$321K	10x	as long as short
Variational Omni AVAX	−0.0084%	8h	10.737	−0.151%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0081%	1h	10.749	−0.037%	$18K	$68K	10x	as long as short
Gate AVAX_USDT	−0.0065%	8h	10.739	−0.130%	$13.7M	$28.9M	75x	as long as short
Phemex AVAXUSDT	−0.0046%	8h	10.755	+0.019%	$28.7M	$5.6M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.755	+0.019%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.753	0.000%	$4.8M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.744	−0.079%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.066%	$17K	$151K	12x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AVAX_USDT_Perp	+0.0039%	8h	10.742	−0.099%	$336K	$1.2M	10x	as long as short
Paradex AVAX-USD-PERP	+0.0084%	8h	10.745	−0.074%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.753	+0.004%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.739	−0.130%	$22K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.752	−0.013%	$35.8M	$40.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.762	+0.084%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	10.753	long leg	$270K	$128K	10x
Binance AVAXUSDT	+0.0100%	8h	10.759	+0.056%	$113.5M	$392.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.758	+0.047%	$84.0M	$136.7M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	10.762	+0.084%	$19.0M	$105.8M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.758	+0.047%	$53.2M	$79.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.762	+0.084%	$13.9M	$21.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.745	−0.074%	$32.7M	$45.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.741	−0.111%	—	$52.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.756	+0.028%	$437K	$533K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.743	−0.093%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.744	−0.083%	$135K	$283K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.755	+0.019%	$233K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.776	+0.217%	$12K	$770K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.739	−0.127%	$332K	$849K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.745	−0.077%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.753	−0.001%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.763	+0.093%	$853K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.752	−0.009%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.736	−0.159%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.745	−0.077%	$227K	—	120x	as long as short