Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.026%

Price spread now: Orderly against Pacifica−0.148%7-day average +0.038% · you buy dearer than you sell

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

Long on Pacifica Short on Orderly

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.143%+$14 · spread now −0.148%, 7d avg +0.038%

Together, before fees+0.075%+ Points / potential airdropPacifica: Active · farm board+$8 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: Orderly is 0.186% cheaper against Pacifica than usual: you would sell low and buy high, −$19 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	11.111	0.0100	pay 0.0013% / 1h	56m 49s	$290K	$113K	10x
Short	Orderly PERP_AVAX_USDC	11.095	0.0100	get 0.0100% / 8h	5h 56m	$195K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.148%Rate

Funding earned: $0
Price spread: −0.148% → +0.038%: −$18.58
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$32.58
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 6 min ago; Orderly: no order-book sample. 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 Pacifica live order book, 6 min ago	4.48 bp	8.5 bp −$8	17.2 bp −$172	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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 35 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	−0.1374%	1h	11.070	−0.373%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0201%	1h	11.086	−0.229%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.112	+0.001%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.089	−0.198%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0041%	1h	11.103	−0.076%	$286K	$458K	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0046%	1h	11.090	−0.193%	$4.3M	$11.6M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.086	−0.227%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.100	−0.103%	$15K	$567K	50x	as long as short
Gate AVAX_USDT	+0.0099%	8h	11.104	−0.067%	$12.1M	$34.8M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.101	−0.090%	$13K	$434	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.106	−0.051%	$2.3M	$1.2M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	11.111	long leg	$290K	$113K	10x
Binance AVAXUSDT	+0.0100%	8h	11.121	+0.081%	$118.7M	$441.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.128	+0.149%	$88.3M	$139.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.128	+0.149%	$20.0M	$120.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.116	+0.041%	$48.4M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.115	+0.032%	$15.5M	$21.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.124	+0.113%	$33.4M	$49.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.122	+0.095%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.101	−0.094%	$355K	$500K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.156	+0.397%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.158	+0.419%	$353K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.167	+0.500%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.099	−0.112%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.095	−0.148%	$195K	$313K	20x
SunX AVAX-USDT	+0.0100%	8h	11.115	+0.030%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.087	−0.220%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.094	−0.157%	$360K	$853K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.087	−0.220%	$29.6M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.104	−0.063%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.088	−0.211%	$255K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.100	−0.103%	$899K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.091	−0.186%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0279%	1h	11.142	+0.275%	$43.3M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.091	−0.180%	$236K	—	120x	as long as short